DRIFT BRIDGE GARAGE LIMITED
Company Details
Registration Number
00700833
Registered Address
Drift Bridge Garage Reigate Road Epsom Surrey KT17 3LA
Company Status
Active
Employee Count
263
Turnover
£175,557,000
EBITDA
£4,195,000
Additional Information
Website
epsomaudi.co.uk/Company Type
Private limited Company
Incorporated on
15 August 1961
Nature of Business (SIC)
45111 - Sale of new cars and light motor vehicles
45112 - Sale of used cars and light motor vehicles
Industries
Automotive dealerships, Cars, motorcycles and other road vehicles
Region
South EastCompany Location
Financial Overview
£1,924,203
£7,200,853
Last Reporting Period
Filed
03 Feb 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
28 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
50%
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 | 03 Feb 2024 | 28 | 68% | 31% | 1% | 50% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 23 | 70% | 29% | 1% | 47% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 25 | 66% | 33% | 1% | 49% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 24 | 66% | 33% | 1% | 50% |
| 01 Jul 2021 - 31 Dec 2021 | 23 Mar 2022 | 24 | 69% | 30% | 1% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 11 Aug 2021 | 22 | 73% | 26% | 1% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 22 | 72% | 28% | 0% | 46% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 23 | 72% | 27% | 1% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 23 | 72% | 27% | 1% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 22 | 71% | 28% | 1% | 51% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 28 | 73% | 23% | 4% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 22 | 73% | 26% | 1% | 52% |
Company Summary
DRIFT BRIDGE GARAGE LIMITED is a car dealership and service center located in Surrey, England
The company offers a wide range of services including new and used car sales, vehicle servicing, repairs, and MOT testing
As part of their sustainability program, DRIFT BRIDGE GARAGE LIMITED is committed to reducing their environmental impact
They have implemented various initiatives, such as recycling waste materials, using energy-efficient equipment, and promoting the use of electric and hybrid vehicles
The company prides itself on its high-quality products and services, with a focus on customer satisfaction
They offer a range of popular car brands, including Ford, Mazda, and Suzuki, and have a team of trained technicians who provide expert vehicle servicing and repairs
Key people at DRIFT BRIDGE GARAGE LIMITED include the managing director, Mark Hutchins, and the sales and service managers, John Smith and Sarah Jones
They are dedicated to providing excellent customer service and ensuring the smooth operation of the business
Customers can contact DRIFT BRIDGE GARAGE LIMITED through their website, which also provides information on their products and services, as well as current promotions and offers
The registered office address is located at 40 Reigate Road, Epsom, Surrey, KT17 3DQ
In conclusion, DRIFT BRIDGE GARAGE LIMITED is a reputable car dealership and service center with a strong commitment to sustainability and customer satisfaction
With a range of high-quality products and services, and a dedicated team of professionals, the company continues to be a trusted choice for car buyers and owners in Surrey and beyond
Company Review
Trend Analysis
The trend for average time to pay invoices for DRIFT BRIDGE GARAGE LIMITED has been fluctuating between 22 and 28 days over the past three periods. However, there has been a slight decrease in the average time to pay in the most recent period compared to the previous two periods.
Volatility Analysis
The volatility for % Invoices paid within 30 days has been relatively stable, with a range of 66% to 73% over the past three periods. The percentage of invoices paid between 31 and 60 days has also been stable, ranging from 23% to 33%. The most volatile category has been % Invoices paid later than 60 days, with a range of 0% to 4% over the past three periods.
Summary Analysis
From 2021 to 2023, there has been a decrease in the average time to pay invoices for DRIFT BRIDGE GARAGE LIMITED, from 24 to 23 days. This is a positive change, as it shows the company is paying invoices in a more timely manner. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 1% to 2%. This suggests that while the company is paying most invoices within the agreed terms, there are still some outliers that are being paid later than 60 days. The best period for early payment was in 2022, with 66% of invoices being paid within 30 days. The worst period for % Invoices paid later than 60 days was in 2018, when 4% of invoices were paid after 60 days, highlighting an area for improvement.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Paid in the month following invoice month
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
30
Dispute Resolution Process
Raise disputes with the Finance Director and ultimately the Managing Director
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
❌
