Industry ranking
| 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 Apr 2021 - 30 Sept 2021 | 20 Oct 2021 | 30 | 59% | 38% | 4% | 25% |
| 01 Oct 2020 - 30 Apr 2021 | 12 May 2021 | 31 | 57% | 40% | 4% | 23% |
| 01 Apr 2020 - 30 Sept 2020 | 26 Oct 2020 | 31 | 54% | 41% | 4% | 23% |
| 01 Oct 2019 - 31 Mar 2020 | 20 Apr 2020 | 31 | 57% | 39% | 5% | 27% |
| 01 Apr 2019 - 30 Sept 2019 | 21 Oct 2019 | 31 | 62% | 34% | 4% | 23% |
| 01 Oct 2018 - 31 Mar 2019 | 11 Apr 2019 | 29 | 62% | 34% | 4% | 30% |
| 01 Apr 2018 - 30 Sept 2018 | 08 Nov 2018 | 28 | 65% | 31% | 4% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 DAYS, END OF MONTH
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
60
Suits business needs
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
The Colt Car Company Limited, incorporated in 1974, trades as Mitsubishi Motors in the UK, the official importer of new Mitsubishi vehicles, parts and accessories. It coordinates technician training, customer care and aftersales support across a nationwide dealer network of over 100 locations offering sales and aftersales services. The company became part of International Motors in 2021, an automotive distribution and brand management group handling import, distribution and long-term development of vehicle manufacturers across the UK, Ireland and Nordic markets. Current models distributed include the Mitsubishi L200 pickup and Outlander PHEV SUV. The company's registered office is in London, though its stated trading address is in Solihull.
Generated from the company's website and Companies House records. Sources: mitsubishi-motors.co.uk · mitsubishi-motors.co.uk