JOHN GROSE GROUP LIMITED
Company Information
- Company Number
- 01491537
- Registered Address
- John Grose Lowesoft Whapload Road, Lowestoft, Suffolk, United Kingdom, NR32 1NN
- Status
- Active
- Employee Count
- 309.0
- Turnover
- 187840000.0
- EBITDA
- 8896000.0
Additional Details
- Website
- https://www.johngrose.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 17 April 1980
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles$45112 - Sale of used cars and light motor vehicles$45200 - Maintenance and repair of motor vehicles
- Industries
- Travel And Transportation
- Region
- East of England
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Dec 2023 | 04 Feb 2024 | 39 | 30% | 65% | 5% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Aug 2023 | 37 | 35% | 61% | 4% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 36 | 31% | 64% | 5% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 35 | 37% | 59% | 4% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 34 | 39% | 58% | 3% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 34 | 41% | 54% | 5% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 35 | 37% | 60% | 3% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 41 | 39% | 50% | 11% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 34 | 42% | 55% | 3% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 33 | 47% | 47% | 6% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 39 | 36% | 55% | 9% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 40 | 36% | 54% | 10% | 4% |
Company Summary
Located in Ipswich, JOHN GROSE GROUP LIMITED is a family-owned automotive company that has been in operation since 1888
With over a century of experience, the company has established itself as a leading provider of quality vehicles and services in the UK
The company offers a wide range of products and services, including new and used cars from top brands such as Ford, Kia, Citroen, Peugeot, and Suzuki
In addition, they also provide vehicle maintenance and repair services, as well as financing options for customers
One of the key focuses of JOHN GROSE GROUP LIMITED is sustainability
The company has implemented various initiatives to reduce their environmental impact, such as using energy-efficient systems in their facilities and promoting recycling and waste reduction practices
They have also introduced electric and hybrid vehicles to their product range, helping to reduce emissions and promote sustainable transportation
The company is led by a team of experienced and dedicated individuals, including the current Managing Director, Mr
Ian Twinley
With a strong commitment to customer satisfaction and ethical business practices, the team at JOHN GROSE GROUP LIMITED strives to maintain the company's reputation as a trusted and reliable automotive provider
Customers can easily access information about the company and its products and services through their website, which also offers online booking and purchasing options
The registered office address for JOHN GROSE GROUP LIMITED is located at 13-15 Ransomes Europark, Ipswich, Suffolk, IP3 9BE
In summary, JOHN GROSE GROUP LIMITED is a well-established automotive company in the UK, known for its quality products and services, commitment to sustainability, and dedicated team of professionals
With a strong presence in the market and a focus on customer satisfaction, the company continues to be a top choice for those looking for reliable and sustainable transportation solutions
Company Review
Trend Analysis
The average time to pay for JOHN GROSE GROUP LIMITED has remained relatively stable over the past three periods, with a slight increase from 34 days in 2019 to 37 days in 2023. However, there has been a consistent trend of paying invoices later than 60 days, with the percentage increasing from 3% in 2019 to 5% in 2023.
Volatility Analysis
The volatility of JOHN GROSE GROUP LIMITED's payment patterns has been relatively low, with only minor changes in the percentages of invoices paid within 30 days, between 31-60 days, and later than 60 days. The only significant change has been in the percentage of invoices paid later than 60 days, which has increased from 3% in 2019 to 5% in 2023.
Summary Analysis
Overall, there has been a slight increase in the average time to pay for JOHN GROSE GROUP LIMITED from 33 days in 2019 to 37 days in 2023. The company has also consistently paid a higher percentage of invoices later than 60 days, with a peak of 5% in 2023. However, there has been an improvement in paying invoices within agreed terms, with a decrease from 4% in 2019 to 1% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We have a wide range of terms depending the nature of supply and the relationship with our suppliers. Non-vehicle standard supplier payment terms are end of month following invoice date (e.g 15th May invoice date paid 31st July), but we work with our suppliers on this and dependant on circumstances and nature of supply may make payment at an earlier point. New vehicle supplier payments are made in line with the manufacturer stocking plan with payment typically being made within 3-5 days of registration of the vehicle or at end of stocking plan terms, whichever is the sooner.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
365
Dispute Resolution Process
All invoices are processed by our central purchase ledger department, who allocate invoices to managers electronically for authorisation. In the case of any queries, these will be logged by either the purchase ledger team or the manager. Quick resolution is expected by senior management on any dispute
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.
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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
