Industry ranking
Score of 91.15/100 qualifies for PaymentCheck Certification
The data shows a consistent trend of improvement in the average time taken to pay invoices for SANDICLIFFE GARAGE LIMITED from 2018 to 2022. The company has been able to significantly reduce their average time to pay from 26 days in 2018 to 17 days in 2022. This shows a continuous effort towards paying suppliers in a timely manner.
The data also shows a decrease in volatility over the years, with a significant decrease in the percentage of invoices paid later than 60 days from 5% in 2018 to 1% in 2022. This indicates a more stable payment system and a decrease in delays in payments.
| 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 | 16 Jan 2023 | 17 | 97% | 2% | 1% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Jul 2022 | 18 | 100% | 0% | 0% | 42% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 39 | 12% | 84% | 4% | 100% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Aug 2021 | 6 | 100% | 0% | 0% | 84% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 5 | 100% | 0% | 0% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 5 | 100% | 0% | 0% | 85% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 13 | 100% | 0% | 0% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 15 | 100% | 0% | 0% | 53% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Apr 2019 | 12 | 100% | 0% | 0% | 46% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 26 | 66% | 29% | 5% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
20th of the following month. Example, Invoices dated 01/12/2022 - 31/12/22 are due to be paid 20th January 2023
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
All invoices are agreed by 1 person as the business is now really small. They would query with the supplier and only pay once the query is resolved or a credit received.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Sandicliffe Garage Limited is a long-established motor dealership, incorporated in 1948 and based in Stapleford, Nottinghamshire. It operates as part of Sandicliffe Motor Group, selling new Ford cars including models such as the Fiesta, Focus, Puma, Kuga, Mustang and Ranger, alongside electric variants like the Puma Gen-E and Capri. The business also offers vehicle finance options, including Ford Options, Ford Acquire and personal leasing, acting as a credit broker introducing customers to lenders. Its registered SIC codes confirm activities spanning new car sales, vehicle maintenance and repair, and wholesale of motor vehicle parts and accessories, indicating a dealership offering sales, servicing and finance under the Ford franchise.
Generated from the company's website and Companies House records. Sources: ford.sandicliffe.co.uk