ALD AUTOMOTIVE LIMITED
Company Details
Registration Number
00987418
Registered Address
Oakwood Drive Emersons Green Bristol England BS16 7LB
Company Status
Active
Employee Count
717
Turnover
£956,251,000
EBITDA
£518,435,000
Additional Information
Website
aldautomotive.com/Company Type
Private limited Company
Incorporated on
20 August 1970
Nature of Business (SIC)
77110 - Renting and leasing of cars and light motor vehicles
Industries
Cars, motorcycles and other road vehicles, Product rental and hire
Region
South WestCompany Location
Financial Overview
£568,000
£195,342,000
Last Reporting Period
Filed
09 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
22 days
Payment Periods
Shortest
7 days
Longest
30 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
17%
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Dec 2023 | 09 Jan 2024 | 22 | 89% | 8% | 3% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 28 | 92% | 6% | 2% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Jan 2023 | 10 | 94% | 5% | 1% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 9 | 94% | 5% | 1% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 07 Jan 2022 | 9 | 95% | 4% | 1% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 10 | 95% | 4% | 1% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Jan 2021 | 11 | 93% | 5% | 2% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Jul 2020 | 12 | 92% | 6% | 2% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Jan 2020 | 12 | 92% | 6% | 2% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 17 | 86% | 12% | 2% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Jan 2019 | 31 | 73% | 24% | 3% | 39% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | 21 | 90% | 9% | 1% | 22% |
Company Summary
ALD Automotive Limited is a leading automotive leasing and fleet management company based in the United Kingdom
Founded in 1957, the company offers a range of sustainable and innovative solutions to meet the needs of its customers
Their sustainability program, called "Drive to Zero," aims to reduce the environmental impact of their fleet operations
This includes promoting the use of electric and hybrid vehicles, implementing eco-driving training for drivers, and continuously monitoring and reducing carbon emissions
ALD Automotive Limited offers a wide range of products and services, including full-service leasing, fleet management, and mobility solutions
They cater to businesses of all sizes, from small enterprises to large corporations, and provide customized solutions to meet their specific needs
The key people of ALD Automotive Limited include CEO Tim Albertsen and Chairman of the Board of Directors, Stephane Renie
They have a team of experienced and dedicated professionals who work towards achieving the company's goals and providing excellent customer service
For more information on their products and services, customers can visit their website at www.aldautomotive.co.uk
The registered office address of ALD Automotive Limited is 2 Addiscombe Road, Croydon, Surrey, CR9 5AF, United Kingdom
In summary, ALD Automotive Limited is a leading automotive leasing and fleet management company with a strong focus on sustainability
Through their innovative solutions, experienced team, and commitment to reducing their environmental impact, they continue to be a trusted partner for businesses in the UK
Company Review
Trend Analysis
The average time taken for ALD AUTOMOTIVE LIMITED to pay invoices has decreased over the past three periods, with the biggest change occurring between 2018-07-01 and 2019-01-01. The percentage of invoices paid within 30 days has also increased over the same period, reaching a peak of 95% in 2021-07-01. However, the percentage of invoices paid between 31 and 60 days has fluctuated slightly, with a slight decrease from 2021-07-01 to 2022-06-30. The percentage of invoices paid later than 60 days has remained consistently low at 1-3%.
Volatility Analysis
The data for ALD AUTOMOTIVE LIMITED shows a relatively stable trend, with only a few fluctuations in the percentages of invoices paid within 30 days and between 31 and 60 days. The biggest change can be seen in the average time taken to pay invoices, with a decrease of 19 days between 2018-01-01 and 2019-01-01. However, this has since stabilized with only a 1-day decrease between 2021-07-01 and 2022-01-01.
Summary Analysis
Between 2018-01-01 and 2021-07-01, ALD AUTOMOTIVE LIMITED has shown a steady improvement in their payment practices. The average time taken to pay invoices has decreased by 18 days, with a peak of 95% of invoices being paid within 30 days in 2021-07-01. This improvement has also been reflected in the percentage of invoices not paid within agreed terms, which has decreased to 1% in 2021-07-01. However, the company has seen a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period, reaching 5% in 2022-07-01. This is still a significant improvement compared to the previous periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
"Standard payment terms for: Corporate Vehicles - 14 days, Retail Vehicles - 7 days, Maintenance - 30 days, Overheads - 30 days, Commissions 7 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
First point of contact for disputes is the Accounts Payable Team for Vehicle related invoices. Disputes regarding Overhead costs can be raised with Accounts Payable and or the Supplier relationship owner.
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.
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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?
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