MERCEDESBENZ RETAIL GROUP UK LIMITED
Company Information
- Company Number
- 00419087
- Registered Address
- Delaware Drive, Tongwell, Milton Keynes, England, MK15 8BA
- Status
- Active
- Employee Count
- 1,325
- Turnover
- £647,249,000
- EBITDA
- £18,814,000
Additional Details
- Website
- https://mercedesretail.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 10 September 1946
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles45112 - Sale of used cars and light motor vehicles45200 - Maintenance and repair of motor vehicles
- Industries
- Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for Mercedes-Benz Retail Group UK Limited shows a general trend of decreasing average time to pay invoices over time. From 2018 to 2022, the average time to pay has decreased by 27.3%. Additionally, the percentage of invoices paid within 30 days has increased from 77% in 2018 to 50% in 2022. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 20% in 2018 to 37% in 2022. The percentage of invoices paid later than 60 days has also increased from 2% in 2018 to 18% in 2022.
Volatility Analysis
The data for Mercedes-Benz Retail Group UK Limited shows a relatively stable trend in terms of average time to pay. However, there have been fluctuations in the percentage of invoices paid within 30 days, with a decrease from 77% in 2018 to 49% in 2021, followed by an increase to 50% in 2022. The percentage of invoices paid between 31 and 60 days has also had fluctuations, with a peak of 41% in 2021 and a decrease to 34% in 2022. The percentage of invoices paid later than 60 days has been consistently increasing, with a peak of 18% in 2022.
Summary Analysis
The data for Mercedes-Benz Retail Group UK Limited shows a decrease in the average time to pay invoices over time, with a decrease of 27.3% from 2018 to 2022. However, there has been an increase in the percentage of invoices paid later than 60 days, with a peak of 18% in 2022. The company has also shown improvements in paying invoices within 30 days, with an increase from 77% in 2018 to 50% in 2022.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2022 - 31 Dec 2022 | 13 Jan 2023 | 53 | 45% | 37% | 18% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 46 | 50% | 34% | 16% | 27% |
| 01 Jun 2021 - 31 Dec 2021 | 15 Jul 2022 | 40 | 49% | 41% | 10% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 29 | 63% | 32% | 5% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 32 | 62% | 32% | 6% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Aug 2020 | 24 | 70% | 25% | 5% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 29 | 73% | 21% | 6% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Dec 2019 | 28 | 70% | 23% | 7% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 30 | 67% | 26% | 7% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 33 | 77% | 20% | 2% | 7% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Mercedes-Benz Retail Group UK Limited, as standard, pays all its suppliers and distributors no later than the last day of the month following the month in which an invoice is received. Intra-group vehicle purchases are paid within 15 days. Variations to these standard payment terms are by exception only and only applied when negotiated and agreed by both parties.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Mercedes-Benz Retail Group UK Limited offers a dedicated front office customer service function, who can be contacted by phone or email. Mercedes-Benz Retail Group UK Limited offers a supplier payment portal to allow suppliers to monitor their account and the status of their outstanding invoices.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
MERCEDES-BENZ RETAIL GROUP UK LIMITED is a subsidiary of Daimler AG, one of the world's leading manufacturers of premium cars and commercial vehicles. The company operates as a retail organization for Mercedes-Benz passenger cars and commercial vehicles in the UK.
The company offers a wide range of products and services, including new and used car sales, after-sales services, and financial services. They also provide fleet management solutions for businesses and offer a variety of luxury vehicles, from sedans to SUVs.
MERCEDES-BENZ RETAIL GROUP UK LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include using energy-efficient technologies in their buildings, reducing waste, and promoting eco-friendly driving practices among their customers.
Some key people in the company include Managing Director, Gary Savage, and Chief Operating Officer, Matt Roy. They are supported by a team of experienced professionals dedicated to delivering exceptional customer service and maintaining the high standards of the Mercedes-Benz brand.
The company's registered office is located in Tongwell, Milton Keynes, and their website address is https://www.mercedes-benzretailgroup.co.uk/. Customers can contact them through their website or by phone at 0800 389 1599. MERCEDES-BENZ RETAIL GROUP UK LIMITED continues to be a leader in the luxury car market, providing top-quality products and services while also prioritizing sustainability.
