| 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 2019 - 31 Dec 2019 | 29 Jan 2020 | 39 | 25% | 73% | 2% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 27 Sept 2019 | 38 | 28% | 71% | 2% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 03 Feb 2019 | 37 | 31% | 67% | 2% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 34 | 42% | 54% | 4% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of suppliers are paid at the end of month following month of invoice. A payment batch is created at the end of each month and will include the majority of suppliers, and the relevant invoices due. Further payment batches are created at the end of each week for suppliers with differing terms, or invoices missed on the monthly payment batch. Supplies of goods from our franchisors are settled by direct debit with the terms dictated by them, these can be from 14days.
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
61
The supplier would be contacted as soon as possible to advise details of the dispute. We would discuss with the supplier and aim to reach a resolution within 30days.
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
Adams Morey Limited is a Southampton-based commercial vehicle dealership group operating 14 sites across the South Coast and South West of England. It sells new and used DAF trucks and Fiat vans, and provides commercial vehicle maintenance, repairs, MOTs, bodyshop work and all-makes parts through TRP and Adams Morey All-Makes Parts, alongside bus and coach servicing and motorhome repair. Originally founded in 1952 as a Ringwood transport business and renamed from Morey DAF Trucks to Adams Morey in 1990, the company became part of the Greenhous Group in 2019, the UK's largest privately-owned dealership group. Adams Morey itself focuses on truck and van sales, servicing and parts supply rather than wider group activities.
Generated from the company's website and Companies House records. Sources: adamsmorey.com · adamsmorey.com