NORTHGATE VEHICLE HIRE LIMITED

PaymentCheck Score 2025
51Fair
0.1vs last year
#3573 in UK
#148 in Supply Chain
#73 in North East

Company Information

Company Number
01434157
Employee Count
2,008
Turnover
£429,892,000
EBITDA
£170,462,000

Additional Details

Industries
Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
Region
North East

Time to Pay

Average Time to Pay
45 days
Shortest Period:7 days
Longest Period:61 days
Max Contractual:91 days

Payment Timeline

Within 30 Days
23%
31-60 Days
67%
After 60 Days
10%
Not Paid Within Terms29%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2024 - 30 Apr 202527 May 20254622%71%7%26%
01 Nov 2023 - 30 Apr 202431 May 20244618%74%8%18%
01 May 2023 - 31 Oct 202327 Nov 20234717%73%10%29%
01 Nov 2022 - 30 Apr 202330 May 20234914%75%11%32%
01 Nov 2021 - 30 Apr 202231 May 20225019%67%14%33%
01 May 2021 - 31 Oct 202130 Nov 20214814%74%12%14%
01 Nov 2020 - 30 Apr 202128 May 20214427%62%11%30%
01 May 2019 - 31 Oct 201929 Nov 20194525%65%10%28%
01 Nov 2018 - 30 Apr 201927 Jun 20194719%69%12%20%
01 May 2018 - 31 Oct 201827 Jun 20194528%61%11%29%
01 Nov 2017 - 30 Apr 201827 Jun 20194127%63%10%14%
01 May 2017 - 31 Oct 201730 Nov 20174028%63%9%13%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Payment due on last day of the month following the one in which the invoice is dated for non-vehicle purchases. 7 days from date of invoice for vehicle purchases

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

91

Dispute Resolution Process

Accounts payable use a query management system which assigns queries to relevant personnel. Dispute resolution then conducted in house by the assignee.This process is completed on a timely basis. Suppliers may be contacted where appropriate.

Other Payment Information

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

Company Summary

Northgate Vehicle Hire Limited is a UK-based company that provides commercial vehicle hire services to businesses and individuals. Established in 1981, the company has over 70 branches across the UK, making it the largest commercial vehicle rental company in the country.

The company offers a wide range of vehicles for hire, including vans, trucks, and specialist vehicles. They also provide flexible rental options, such as short-term and long-term contracts, to cater to the varying needs of their customers.

Northgate Vehicle Hire Limited is committed to sustainability and has implemented several initiatives to reduce their environmental impact. They have a dedicated sustainability program that focuses on reducing emissions, promoting energy efficiency, and using eco-friendly materials in their operations.

The company also offers a range of electric and hybrid vehicles for hire, providing customers with environmentally-friendly options. They have also invested in telematics technology to monitor and improve the fuel efficiency of their vehicles.

The key people at Northgate Vehicle Hire Limited include the CEO, Andy Batty, and the Managing Director, Tim Bailey. They lead a team of over 3,000 employees who are dedicated to providing excellent customer service and maintaining the company's high standards.

For more information about their services and sustainability efforts, you can visit their website at www.northgatevehiclehire.co.uk. Their registered office address is at Northgate House, 500 Pavilion Drive, Northampton, NN4 7YJ.

Financial Metrics

Cash
£3,418,000
Net Worth
£179,462,000
Total Current Assets
£337,226,000
Total Current Liabilities
£51,232,000