Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for CONTRACT VEHICLES LIMITED to pay invoices has increased by 5%. The percentage of invoices paid within 30 days has remained consistent at 1%, while the percentage of invoices paid between 31 and 60 days has decreased by 6%. The percentage of invoices paid later than 60 days has increased by 8%. The percentage of invoices not paid within agreed terms has decreased by 15%. The shortest (or only) standard payment period has remained consistent at 30 days.
The data for CONTRACT VEHICLES LIMITED shows some volatility in the percentage of invoices paid within 30 days, with a slight increase in the second period followed by a decrease in the third period. The percentage of invoices paid between 31 and 60 days has shown a decrease in volatility, with a consistent decrease in each period. The percentage of invoices paid later than 60 days has also shown a decrease in volatility, with a consistent increase in each period. The percentage of invoices not paid within agreed terms has shown the most volatility, with a significant decrease in the third period compared to the first two periods.
For CONTRACT VEHICLES LIMITED, the average time taken to pay invoices has increased by 5% in the third period compared to the first period. The percentage of invoices paid within 30 days has remained consistent at 1%, while the percentage of invoices paid between 31 and 60 days has decreased by 6%. The percentage of invoices paid later than 60 days has increased by 8%. The percentage of invoices not paid within agreed terms has shown a significant decrease of 15%. The shortest (or only) standard payment period has remained consistent at 30 days.
| 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 2021 - 30 Jun 2022 | 17 Aug 2022 | 57 | 1% | 75% | 24% | 21% |
| 01 Apr 2021 - 30 Jun 2021 | 24 Aug 2021 | 58 | 1% | 68% | 32% | 37% |
| 01 Apr 2020 - 31 Mar 2021 | 14 May 2021 | 53 | 1% | 74% | 25% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms vary depending on the type of payment and range from 30 days to 75 days from invoice date in accordance with the relevant purchase order.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We are currently unable to report on the date of receipt of invoices in this report. We have reported on the date of the invoice itself, as we consider this the most justifiable alternative. All invoices are paid to term unless they are in query but will be paid immediately on resolution of query.
Maximum contractual payment period agreed
75
We have a dedicated accounts payable team that offers support and advice to our suppliers on payment practices and query resolution. Our team work in close collaboration with other key stakeholders in the business and are available between 8.45am and 5.30pm either by telephone or email. All invoices submitted with a relevant purchase order number will be paid to term. Where purchase order is missing or incorrect invoices go in to query. We aim to resolve all queries with Suppliers within 48 hours and are able to make same day payments where invoices are received late or disputes are resolved.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Contract Vehicles Limited is a private limited company registered in England, incorporated in 1963 and previously trading as Wain Transport (Cheshire) Limited, Ensor Motors Limited and Wain Transport Limited. Its registered Companies House activity is renting and leasing of trucks and other heavy vehicles, indicating a commercial vehicle leasing and contract hire business. Companies House filings show numerous historic and current charges granted to asset finance providers and banks over vehicle sub-hire agreements, consistent with a fleet leasing operation funding its vehicle stock through secured finance arrangements. The company remains active, with its most recent charge registered in November 2025 in favour of a leasing finance provider.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk