| 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 2024 - 31 Dec 2024 | 24 Feb 2025 | 32 | 41% | 54% | 5% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 12 Aug 2024 | 32 | 39% | 56% | 5% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 12 Aug 2024 | 33 | 41% | 55% | 4% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Aug 2024 | 34 | 41% | 54% | 5% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 32 | 41% | 56% | 3% | 40% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 35 | 36% | 57% | 7% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
10th of the month, following month of invoice
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
55
Disputes are handled by the Dealership Accountant
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
Wollaston Motors Limited, incorporated in 1961, is an official MINI dealership trading as Wollaston, based on Bedford Road, Northampton. It sells new and approved used MINI vehicles, serving Northampton, Corby, Kettering, Wellingborough and Rushden. The company offers finance options, including hire purchase arranged through MINI Financial Services, as a credit broker rather than a lender. It also provides aftercare services such as servicing, MOTs, repairs, parts and accessories, along with servicing plans and MINI Value Service for older vehicles. Registered SIC codes confirm activity in the sale, maintenance and repair of new and used cars and light motor vehicles, and of motorcycles.
Generated from the company's website and Companies House records. Sources: wollastonmini.co.uk · wollastonmini.co.uk · wollastonmini.co.uk