SIXT RENT A CAR LIMITED
Company Information
- Company Number
- 00440897
- Registered Address
- Sixt House 5 Langley Quay, Waterside Drive, Langley, Slough, England, SL3 6EY
- Status
- Active
- Employee Count
- 314.0
- Turnover
- 121780000.0
- EBITDA
- 23395000.0
Additional Details
- Website
- https://www.sixt.com/
- Company Type
- Private limited Company
- Incorporated On
- 18 August 1947
- Nature of Business
- 77110 - Renting and leasing of cars and light motor vehicles
- Industries
- Software,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 01 Feb 2024 | 19 | 85% | 13% | 2% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 22 | 82% | 17% | 1% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | 19 | 85% | 13% | 2% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 22 | 82% | 17% | 1% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 11 Jan 2022 | 25 | 73% | 25% | 2% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 22 | 82% | 17% | 1% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 26 | 67% | 31% | 2% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 05 Aug 2020 | 29 | 73% | 10% | 17% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 24 | 73% | 26% | 1% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 25 | 72% | 20% | 8% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 23 | 86% | 10% | 4% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 11 Jul 2018 | 20 | 90% | 8% | 2% | 0% |
Company Summary
SIXT RENT A CAR LIMITED is a global car rental company headquartered in Germany with operations in over 110 countries
The company was founded in 1912 and has since become one of the leading mobility service providers in the world
The company offers a wide range of products and services, including car rental, chauffeur services, ride-hailing, and car sharing
They have a fleet of over 250,000 vehicles, including luxury and premium cars, for customers to choose from
SIXT RENT A CAR LIMITED is committed to sustainability and has implemented various measures to reduce their environmental impact
They have introduced electric and hybrid vehicles to their fleet, and also encourage customers to choose eco-friendly options
The company also has a waste management program in place to ensure proper disposal of used materials
The key people at SIXT RENT A CAR LIMITED include CEO Erich Sixt, who has been with the company since 1969 and has played a crucial role in its success
Other key members of the management team include Alexander Sixt (Chief Strategy Officer) and Konstantin Sixt (Chief Sales Officer)
The company's website address is www.sixt.co.uk and their registered office address is The Triangle, 5-17 Hammersmith Grove, London, W6 0LG, United Kingdom
SIXT RENT A CAR LIMITED is known for its excellent customer service and innovative approach to mobility solutions and continues to expand its global presence
Company Review
Trend Analysis
The average time taken for SIXT RENT A CAR LIMITED to pay invoices has been fluctuating between 20 and 29 days over the past five years. There was a slight increase in the average time taken in 2019, but it has since decreased and remained consistent in the following years.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, with only a 3% difference between the highest and lowest percentages. However, there has been a significant increase in the percentage of invoices paid between 31 and 60 days in 2020, which has since decreased in 2021 and 2022.
Summary Analysis
Between 2020 and 2022, there has been a 7% increase in the percentage of invoices paid within 30 days, while there has been a 9% decrease in the percentage of invoices paid between 31 and 60 days. However, there has been a 16% increase in the percentage of invoices paid later than 60 days in 2020, which has since decreased in 2021 and 2022.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 days. We do have vendors on payment terms which are different to the standard
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
45
Dispute Resolution Process
n/a
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
