PORSCHE CARS GREAT BRITAIN LIMITED

PaymentCheck Score 2025
65Fair
5.8vs last year
#2766 in UK
#145 in Road Travel
#457 in South East

Company Information

Company Number
00861097
Registered Address
Bath Road, Calcot, Reading, Berks, RG31 7SE
Status
Active
Employee Count
187
Turnover
£1,626,216,000
EBITDA
£32,296,000

Additional Details

Company Type
Private limited Company
Incorporated On
8 October 1965
Nature of Business
45111 - Sale of new cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
Industries
Road Travel
Region
South East

Time to Pay

Average Time to Pay
32 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
58%
31-60 Days
33%
After 60 Days
9%
Not Paid Within Terms24%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20253851%36%13%25%
01 Jan 2024 - 30 Jun 202416 Jul 20243258%33%9%24%
01 Jul 2023 - 31 Dec 202322 Jan 20244253%29%18%27%
01 Jul 2022 - 31 Dec 202216 Jan 20234957%29%14%24%
01 Jan 2022 - 30 Jun 202214 Jul 20224355%30%15%23%
01 Jul 2021 - 31 Dec 202120 Jan 20224052%34%14%26%
01 Jan 2021 - 30 Jun 202108 Jul 20214647%35%18%27%
01 Jul 2020 - 31 Dec 202019 Jan 20215040%37%23%34%
01 Jan 2019 - 30 Jun 201925 Jul 20194049%34%17%24%
01 Jul 2018 - 31 Dec 201828 Jan 20194631%52%17%22%
01 Jan 2018 - 30 Jun 201823 Jul 20184721%63%16%24%

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

Invoices shall be paid by Porsche by electronic transfer to an account nominated by the Supplier in writing no later than the last day of the month following the month of invoice. The invoice must be a valid VAT invoice (where applicable), undisputed and include a reference to Porsche’s purchase order number. A statement of account must have also been provided to Porsche.

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

Dispute Resolution Process

Disputes are dealt with on a case by case basis either by the operational department who purchased the goods or services and/or by the finance department. In the first instance the supplier would be contacted and made aware of the dispute. Once an agreement is reached the appropriate invoice will be processed and available for the next payment run. If an agreement cannot be achieved this may be escalated to the legal department.

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

Porsche Cars Great Britain Limited is the sole importer and distributor of Porsche vehicles in the United Kingdom. The company was established in 1985 and is a wholly owned subsidiary of Porsche AG, the German luxury car manufacturer.

The company's sustainability program, called "Porsche Impact," aims to reduce the environmental impact of their vehicles and operations. This includes implementing sustainable production methods, using renewable energy sources, and promoting electric and hybrid vehicles in their product range.

As for products and services, Porsche Cars Great Britain offers a wide range of luxury sports cars, including the iconic 911, the Cayenne SUV, and the Panamera sedan. The company also offers aftersales services, such as maintenance and repairs, as well as the sale of Porsche-branded merchandise.

The key people at Porsche Cars Great Britain include the Managing Director, Marcus Eckermann, and the Director of Marketing, Ragnar Schulte. The company employs over 200 people in various roles, including sales, marketing, and customer service.

Their registered office address is Porsche Cars Great Britain Limited, Bath Road, Calcot, Reading, Berkshire, RG31 7SE. The company's website address is www.porsche.com/uk.

In summary, Porsche Cars Great Britain Limited is a leading distributor of luxury sports cars in the UK, with a strong focus on sustainability. They offer a range of high-quality products and services, led by a team of experienced professionals. With a commitment to sustainability and innovation, Porsche Cars Great Britain continues to thrive in the competitive automotive market.

Financial Metrics

Cash
£391,000
Net Worth
£165,210,000
Total Current Assets
£473,567,000
Total Current Liabilities
£355,508,000

Company Location