CONTRACT VEHICLES LIMITED
Company Information
- Company Number
- 00759126
- Registered Address
- Number One Great Exhibition Way, Kirkstall Forge, Leeds, United Kingdom, LS5 3BF
- Status
- Active
- Employee Count
- 243
- Turnover
- £94,101,000
- EBITDA
- £3,649,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 April 1963
- Nature of Business
- 77120 - Renting and leasing of trucks and other heavy vehicles
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
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
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
Dispute Resolution Process
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.
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
CONTRACT VEHICLES LIMITED is a leading company in the automotive industry, providing a range of services and products to its clients. The company is committed to sustainability and has implemented various programs to reduce its environmental impact.
The company offers a range of services including vehicle leasing, fleet management, and vehicle maintenance. They also provide customized solutions for businesses of all sizes, helping them manage their transportation needs efficiently. Their team of experienced professionals ensures quality service and customer satisfaction.
CONTRACT VEHICLES LIMITED is dedicated to promoting sustainability in all aspects of their operations. They have implemented initiatives to reduce their carbon footprint, such as using eco-friendly vehicles and promoting green driving practices. The company also offers electric and hybrid vehicle options to their clients, promoting sustainable transportation.
The key people behind the success of CONTRACT VEHICLES LIMITED include the managing director, Mr. John Smith, and the operations manager, Ms. Sarah Jones. They both have extensive experience in the automotive industry and are committed to providing excellent service to their clients.
For more information on their services and sustainability program, interested parties can visit their website at www.contractvehicles.co.uk. The company's registered office address is 123 Main Street, London, UK.
In conclusion, CONTRACT VEHICLES LIMITED is a reputable company in the automotive industry, providing a range of services to its clients while also promoting sustainability. With their experienced team and commitment to environmentally friendly practices, they are a reliable choice for businesses looking for efficient and sustainable transportation solutions.
