Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2021 - 31 Dec 2021 | 31 Mar 2022 | 47 | 37% | 53% | 10% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Sept 2021 | 50 | 38% | 50% | 12% | 30% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Mar 2021 | 49 | 35% | 55% | 10% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Sept 2020 | 54 | 25% | 59% | 16% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 11 Jun 2020 | 49 | 29% | 61% | 10% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 56 | 26% | 61% | 13% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 12 Feb 2019 | 52 | 28% | 61% | 11% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Nov 2018 | 53 | 26% | 62% | 12% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are net monthly, invoices are paid the month after receipt of invoice.
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
60
A concern will be considered by the accounts payable team member for the account who if they cannot resolve the concern, will forward on the concern to the appropriate person, i.e. buyer in purchase if pricing concern or logistics department if relates to quantity issue.
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
Bentley Motors Limited is the registered UK entity of the luxury car maker founded in 1919, based at Pym's Lane, Crewe, where its production facilities are located. The company designs and hand-builds luxury vehicles including SUVs, saloons and convertibles, such as the Bentayga, Flying Spur, Continental GT and Continental GTC. It also offers bespoke coachbuilding through its Mulliner division, pre-owned car sales, accessories, factory tours and a lifestyle collection of branded goods. Companies House confirms its principal activity as manufacture of motor vehicles. The company employs a large workforce at Crewe and describes itself as combining handcrafted luxury with performance engineering.
Generated from the company's website and Companies House records. Sources: bentleymotors.com