Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2020 - 30 Jun 2020 | 14 Aug 2020 | 38 | 48% | 31% | 21% | 61% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Feb 2020 | 29 | 56% | 37% | 7% | 52% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Oct 2019 | 31 | 51% | 43% | 6% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from 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
First point of contact for disputes is Tata Consultancy Services. When an invoice is disputed, the supplier will receive an email including the invoice number and reason for rejection. To resolve a dispute the supplier is required to provide any missing information or a corrected invoice.
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
Lancaster Public Limited Company is a long-established registered entity, now trading as Lancaster UK Limited, incorporated in 1981. Companies House records list its business as the sale of new cars and light motor vehicles, alongside property buying, selling and letting activities and head office functions. It sits within the corporate structure of Jardine Motors Group UK Limited, itself part of a wider group ultimately controlled through Lithia UK Holding Limited. The entity's own role appears to be that of a head office or property-holding company supporting the group's motor dealership operations, rather than a standalone trading business dealing directly with the public.
Generated from the company's website and Companies House records. Sources: bymetric.com · uk.globaldatabase.com