| 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 | 15 May 2024 | 24 | 55% | 42% | 2% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 15 May 2024 | 26 | 45% | 50% | 4% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 18 Jan 2021 | 24 | 52% | 43% | 5% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 02 Jul 2020 | 26 | 46% | 48% | 6% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 13 Jan 2020 | 24 | 53% | 43% | 4% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Jul 2019 | 22 | 55% | 40% | 5% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Jan 2019 | 23 | 53% | 42% | 5% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 23 | 53% | 42% | 5% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
New vehicle supplier terms vary between 2 and 3 days for payment following the taxing of the vehicle.Payments are taken by the manufacturer by direct debit.
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
90
Supplier Account Reconciliations are performed at the end of each month. During this process, any disputed invoices are flagged up with the supplier, to give as much time as possible to get them resolved before payment becomes due at the end of the following month.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
RINGWAYS GARAGES (LEEDS) LIMITED is a car dealership and service center based in Leeds, UK. They offer a wide range of products and services related to the automotive industry, including new and used car sales, servicing and repairs, and parts and accessories.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using energy-efficient lighting and equipment, recycling and reducing waste, and promoting eco-friendly driving practices among their customers.
Key people at RINGWAYS GARAGES include the Managing Director, David Cullen, and the Sales Director, Neil Thompson. They have a team of knowledgeable and experienced staff who are dedicated to providing excellent customer service.
Customers can visit their website, www.ringways.co.uk, to browse their inventory, book a service appointment, or learn more about their sustainability efforts. The company's registered office address is Whitehall Road, Leeds, LS12 4RJ, United Kingdom.
Overall, RINGWAYS GARAGES (LEEDS) LIMITED is a reputable and sustainable company that offers a wide range of products and services to meet the needs of their customers. With a strong commitment to the environment and a team of dedicated professionals, they continue to be a trusted name in the automotive industry.
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