| 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 2019 - 31 Dec 2019 | 30 Jan 2020 | 15 | 95% | 5% | 0% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 15 | 96% | 4% | 0% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 14 | 95% | 5% | 0% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payable on receipt unless otherwise stated. This relates specifically to invoices addressed to Dick Lovett Companies Ltd.
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
30
Any disputes would be managed by the finance director as this is for the parent company
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
Dick Lovett Companies Limited is a UK registered company, incorporated in 1973 and originally named Dick Lovett (Specialist Cars) Limited before being renamed in 1991. According to Companies House records, its registered business activities cover the sale of new and used cars and light motor vehicles, maintenance and repair of motor vehicles, and the sale, maintenance and repair of motorcycles and related parts and accessories. The company remains active, with no indication in the available evidence of a wider trading name or additional business description beyond these registered activities. No further detail on specific brands, locations or services is provided in the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk