HELSTON GARAGES LIMITED

PaymentCheck Score 2025
58Fair
4.9vs last year
#3177 in UK
#209 in Travel And Transportation
#56 in North East

Company Information

Company Number
00703021
Registered Address
Vertu House Fifth Avenue Business Park, Team Valley Trading Estate, Gateshead, Tyne And Wear, United Kingdom, NE11 0XA
Status
Active
Employee Count
916
Turnover
£637,628,000
EBITDA
£23,569,000

Additional Details

Company Type
Private limited Company
Incorporated On
12 September 1961
Nature of Business
45111 - Sale of new cars and light motor vehicles
Industries
Travel And Transportation
Region
North East

Time to Pay

Average Time to Pay
57 days
Shortest Period:1 days
Longest Period:62 days
Max Contractual:62 days

Payment Timeline

Within 30 Days
26%
31-60 Days
46%
After 60 Days
28%
Not Paid Within Terms39%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-03-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2024 - 28 Feb 202506 Jun 20254028%65%7%14%
01 Sept 2023 - 29 Feb 202428 Mar 20245726%46%28%39%
01 Jul 2022 - 28 Feb 202329 Mar 20233347%46%7%7%
01 Jan 2021 - 30 Jun 202116 Jul 20212952%44%4%4%
01 Jul 2020 - 31 Dec 202021 Jan 20213448%44%8%8%
01 Jul 2019 - 31 Dec 201928 Jan 20202951%44%5%5%
01 Jan 2019 - 30 Jun 201919 Jul 20192855%41%4%4%
01 Jul 2018 - 31 Dec 201821 Jan 20192952%42%6%4%

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

62

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

HELSTON GARAGES LIMITED is a car dealership and service provider based in Helston, Cornwall. Established in 1960, the company has a long history of providing quality products and services to its customers.

The company offers a range of new and used cars from various brands such as Ford, Peugeot, and Kia. They also provide after-sales services such as vehicle maintenance, repairs, and MOT testing. Their sustainability program focuses on reducing their environmental impact by implementing eco-friendly practices, such as using energy-efficient lighting and reducing waste.

The key people behind HELSTON GARAGES LIMITED are the managing director, David Nettleton, and the company's founder, Gerald Williams. They are committed to providing excellent customer service and ensuring the company's success.

The company can be contacted through their website, which also features their latest offers and promotions. Their registered office address is at 1 Water-Ma-Trout Industrial Estate, Helston, Cornwall, TR13 0LW.

In summary, HELSTON GARAGES LIMITED is a reputable and sustainable car dealership that offers quality products and services to its customers. With its dedicated team and commitment to environmental responsibility, the company continues to thrive and serve the community in Helston and beyond.

Financial Metrics

Cash
£8,044,000
Net Worth
£130,360,000
Total Current Assets
£165,202,000
Total Current Liabilities
£35,733,000

Company Location