The average time taken for THE COOPER GROUP LIMITED to pay invoices to suppliers has increased from 46 days in the first period to 60 days in the most recent period. This is a significant increase of 14 days, or 30.4%, over the three periods analysed.
There is a high level of volatility in the average time taken for THE COOPER GROUP LIMITED to pay invoices, as it has fluctuated between 46 and 60 days over the three periods analysed.
The average time taken for THE COOPER GROUP LIMITED to pay invoices has increased by 14 days, or 30.4%, over the three periods analysed. This is a concerning trend, as it indicates a delay in payment to suppliers.
| 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 2020 - 31 Dec 2020 | 21 Jan 2021 | 60 | 27% | 42% | 31% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 49 | 33% | 46% | 20% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 37 | 43% | 50% | 7% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 56 | 56% | 36% | 8% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 47 | 25% | 60% | 15% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 46 | 24% | 63% | 13% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
3 days for goods for resale 60 days for goods not for resale
Were there any changes to the standard payment terms in the reporting period?
Goods not for resale standard terms changed from 30 days to 60 days for new suppliers.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Directors / senior representatives to meet within 28 days of notice to resolve the dispute in good faith. If it remains unresolved, the parties will enter into mediation via the Centre for Effective Dispute Reduction
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
The Cooper Group Limited is a UK-registered company incorporated in 1964. Its registered business activities, as recorded at Companies House, cover the sale of new cars and light motor vehicles, the maintenance and repair of motor vehicles, and the wholesale trade of motor vehicle parts and accessories. The company was previously known as B.M.W. Distributors London Limited, then Park Lane Limited, then Cooper Park Lane Limited before adopting its current name. Historical officer records show a former secretary linked to Inchcape UK Corporate Management Limited, suggesting past association with a larger motor group. No further detail on trading operations, premises or current commercial activity is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk