Score of 81.6/100 qualifies for PaymentCheck Certification
The average time taken for SOUTH HEREFORD GARAGES LIMITED to pay invoices has fluctuated over the past three periods. It was at its highest in 2018-09, at 31 days, before decreasing to 19 days in 2019-03. It then increased again to 30 days in 2020-03 and has since decreased to 19 days in 2021-03.
The volatility of the % of invoices paid within 30 days has also fluctuated over the past three periods. It was at its highest in 2019-03, at 70%, before decreasing to 59% in 2020-09. It has since increased again to 69% in 2021-03.
In 2018-03, SOUTH HEREFORD GARAGES LIMITED had an average time to pay of 31 days, with 51% of invoices paid within 30 days, 46% paid between 31 and 60 days, and 3% paid later than 60 days. 4% of invoices were not paid within agreed terms.
| 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 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | |||||
| 01 Mar 2021 - 31 Aug 2021 | 29 Sept 2021 | 19 | 69% | 29% | 2% | 21% |
| 01 Sept 2020 - 28 Feb 2021 | 31 Mar 2021 | 26 | 59% | 37% | 4% | 11% |
| 01 Mar 2020 - 31 Aug 2020 | 23 Sept 2020 | 30 | 49% | 46% | 5% | 21% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 24 | 70% | 28% | 2% | 4% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 19 | 70% | 29% | 1% | 6% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 25 | 60% | 38% | 2% | 10% |
| 01 Mar 2018 - 31 Aug 2018 | 30 Sept 2018 | 31 | 51% | 46% | 3% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Manufacturer vehicle purchases are typically paid 3 days from the date of registration but can have longer payment terms depending on specific manufacturer purchase arrangements. Standard terms for other suppliers are for payment to be made on the last working day of the month following the date of receipt of the invoice, although specific terms may exist where agreed with certain suppliers.
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
62
Disputed invoices are highlighted as soon as is practicable to the supplier for resolution. We endeavour to resolve the issue as quickly as possible and would, where appropriate, escalate to Account Managers to reach a resolution. When resolved, payment is made as soon as is practicable.
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
SOUTH HEREFORD GARAGES LIMITED is an active private limited company, incorporated on 3 May 1973, based in the North East region. Registered business activity: Dormant Company.
From Companies House records.