| 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 Jan 2021 - 30 Jun 2021 | 26 Aug 2021 | 42 | 58% | 32% | 10% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 10 Jun 2021 | 38 | 57% | 34% | 8% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Jul 2020 | 39 | 60% | 29% | 11% | 26% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 31 | 63% | 30% | 7% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 48 | 40% | 44% | 16% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 40 | 56% | 27% | 17% | 32% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 87 | 39% | 31% | 30% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Inchcape Management Services Ltd has standard payment terms of 60 days. Small to Medium-Sized Enterprises (SME) shall be on payment terms of 30 days from date of invoice. SME shall be as defined by the OECD on their website, i.e. firms employing 250 or less employees.
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
60
The company has a dedicated Accounts Payable desk. They can be contacted by email Monday to Friday.
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
Inchcape Management (Services) Limited is a UK-registered company forming part of the wider Inchcape corporate group. Its registered activity, classified under head office activities, indicates it provides internal management and administrative support functions to other companies within the group rather than trading directly with external customers. The company has been incorporated since 1963 and remains active, with its registered office in London. No further detail on specific services performed is available beyond this head-office classification. As a group service entity, it does not appear to manufacture, sell or distribute goods itself, but exists to support the operations of associated Inchcape group companies.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk