| 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 2018 - 31 Dec 2018 | 31 Jan 2019 | 70 | 7% | 30% | 63% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 77 | 7% | 27% | 66% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company's standard payment terms vary from contract to contract and credit terms are negotiated and set out at the contracting stage. Terms therefore are between 7days to 90days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Queries are passed to relevant supplier credit control team from the Company's accounts payable team. Escalation through each departments hierarchy and if no resolution, escalations through our CFO and head of finance of respective organisations.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
National Tyre Service Limited trades as National Tyres and Autocare, a UK tyre fitting and vehicle servicing business established in 1970. It operates a network of over 300 tyre centres and mobile fitting vehicles, offering tyre sales and fitting, MOT testing, servicing, brakes, batteries, exhausts, air conditioning and other autocare repairs. The company sells budget, mid-range and premium tyre brands including Bridgestone, Pirelli, Michelin, Dunlop and Goodyear, alongside car parts. According to its own website, the business is now part of the Halfords family, indicating it operates as part of a wider corporate group rather than as a standalone independent retailer.
Generated from the company's website and Companies House records. Sources: national.co.uk