| 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 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.
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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
DICK LOVETT COMPANIES LIMITED is a prestigious car dealership based in the UK, offering a wide range of luxury and performance vehicles. Their main focus is on providing a high-quality customer experience, with a strong emphasis on sustainability.
The company's sustainability program includes initiatives such as reducing their carbon footprint, promoting recycling and waste reduction, and using eco-friendly materials in their operations. They also offer a range of electric and hybrid vehicles, promoting cleaner and greener transportation.
Their product range includes some of the most iconic and sought-after brands in the automotive industry, such as Aston Martin, Bentley, Ferrari, Porsche, and Rolls-Royce. They also offer a variety of services, including sales, servicing, and repairs, as well as finance and insurance options.
Some key people at DICK LOVETT COMPANIES LIMITED include the founder and chairman, Dick Lovett, as well as the managing director, Peter Lovett. They have a team of highly knowledgeable and experienced staff who are dedicated to providing exceptional customer service.
Their website, www.dicklovett.co.uk, offers a user-friendly platform for customers to browse and purchase vehicles, as well as access information on their services and sustainability efforts. The company's registered office address is at Dick Lovett House, Peartree Road, Swindon, Wiltshire, SN3 4BW.
In summary, DICK LOVETT COMPANIES LIMITED is a reputable car dealership in the UK, known for its commitment to sustainability and offering high-quality products and services. With a strong team of leaders and a focus on customer satisfaction, they continue to be a top choice for luxury and performance vehicles.