| 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 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 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 leading management services company based in the United Kingdom. The company offers a wide range of services such as fleet management, vehicle leasing, and procurement solutions to clients across various industries.
In terms of sustainability, INCHCAPE MANAGEMENT (SERVICES) LIMITED has a strong commitment to environmental responsibility. The company has implemented various initiatives to reduce its environmental impact, such as using low-emission vehicles, promoting eco-driving practices, and implementing recycling programs.
The company also offers a range of sustainable products and services, including electric and hybrid vehicles, as well as carbon offsetting options for its clients. This allows clients to reduce their carbon footprint and contribute to the fight against climate change.
The key people at INCHCAPE MANAGEMENT (SERVICES) LIMITED include Chairman Jerry Buhlmann and CEO Duncan Tappy, who bring a wealth of experience and expertise to the company. They are committed to driving the company's growth and sustainability efforts.
For any inquiries or information, INCHCAPE MANAGEMENT (SERVICES) LIMITED can be contacted through their website, https://www.inchcape.co.uk/management-services/, or their registered office address at Inchcape House, Langford Lane, Kidlington, Oxfordshire, OX5 1HT, UK.
In summary, INCHCAPE MANAGEMENT (SERVICES) LIMITED is a leading management services company with a strong focus on sustainability. With a range of sustainable products and services, experienced leadership, and a commitment to environmental responsibility, the company is well-positioned to meet the needs of its clients while also contributing to a more sustainable future.