VERTU MOTORS (VMC) LIMITED
Company Information
- Company Number
- 00694464
- Registered Address
- Vertu House Fifth Avenue Business Park, Team Valley, Gateshead, Tyne & Wear, NE11 0XA
- Status
- Active
- Employee Count
- 400
- Turnover
- £225,363,000
- EBITDA
- £813,000
Additional Details
- Website
- https://vertumotors.com
- Company Type
- Private limited Company
- Incorporated On
- 5 June 1961
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles45200 - Maintenance and repair of motor vehicles
- Industries
- Travel And Transportation
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Sept 2024 - 28 Feb 2025 | 06 Jun 2025 | 35 | 40% | 54% | 6% | 10% |
| 01 Mar 2024 - 31 Aug 2024 | 06 Jun 2025 | 35 | 42% | 53% | 5% | 13% |
| 01 Sept 2023 - 29 Feb 2024 | 28 Mar 2024 | 36 | 47% | 48% | 5% | 11% |
| 01 Sept 2022 - 28 Feb 2023 | 29 Mar 2023 | 39 | 38% | 57% | 5% | 13% |
| 01 Mar 2022 - 31 Aug 2022 | 27 Sept 2022 | 39 | 36% | 59% | 5% | 13% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 42 | 36% | 53% | 11% | 18% |
| 01 Mar 2021 - 31 Aug 2021 | 29 Sept 2021 | 43 | 35% | 53% | 11% | 19% |
| 01 Sept 2020 - 28 Feb 2021 | 31 Mar 2021 | 41 | 40% | 48% | 12% | 21% |
| 01 Mar 2020 - 31 Aug 2020 | 23 Sept 2020 | 40 | 41% | 44% | 16% | 21% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 38 | 52% | 38% | 10% | 19% |
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
Manufacturer vehicle purchases are typically paid 3 days from the date of registration but can have longer payment terms depending on specific manufacturer purchase arrangements. Standard terms for other suppliers are for payment to be made on the last working day of the month following the date of receipt of the invoice, although specific terms may exist where agreed with certain suppliers.
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
365
Dispute Resolution Process
Disputed invoices are highlighted as soon as is practicable to the supplier for resolution. We endeavour to resolve the issue as quickly as possible and would, where appropriate, escalate to Account Managers to reach a resolution. When resolved, payment is made as soon as is practicable.
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
VERTU MOTORS (VMC) LIMITED is a UK-based automotive retailer that operates a network of franchised motor dealerships across the country. The company was founded in 2006 and is headquartered in Gateshead, UK.
The main activities of VMC include the sale of new and used cars, as well as the provision of aftersales services such as repairs and maintenance. The company represents a wide range of well-known brands including Audi, BMW, Ford, and Volkswagen, among others.
VMC is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes the use of energy-efficient technology in its dealerships, as well as promoting the use of electric and hybrid vehicles. The company also actively supports local communities through partnerships and charitable donations.
The key people at VMC include Robert Forrester, the Chief Executive Officer, and Karen Anderson, the Chief Financial Officer. They lead a team of over 6,000 employees across the company's 150 dealerships.
For more information on VMC and its services, customers can visit their website at www.vertumotors.com or contact their registered office at Vertu House, Kingsway North, Team Valley Trading Estate, Gateshead, Tyne and Wear, NE11 0JH. Overall, VMC is a reputable and sustainable automotive retailer that continues to provide high-quality products and services to its customers.
