The average time for CHASSIS-CAB LIMITED to pay invoices has been decreasing over the past three periods, from 35 days in the first period to 28 days in the most recent period. This trend suggests that the company is making efforts to pay their invoices faster.
The volatility of CHASSIS-CAB LIMITED's payment behavior has been relatively stable over the past three periods. There is a slight increase in the percentage of invoices paid between 31 and 60 days in the last two periods, but the overall trend is relatively consistent.
From Jan 2021 to Jun 2021, CHASSIS-CAB LIMITED had an average time to pay of 35 days, with 47% of invoices paid within 30 days, 46% paid between 31 and 60 days, and 7% paid later than 60 days. 13% 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 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 36 | 40% | 53% | 7% | 17% |
| 01 Jan 2024 - 30 Jun 2024 | 03 Feb 2025 | 34 | 41% | 49% | 10% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 34 | 43% | 50% | 7% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 28 | 45% | 49% | 6% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Feb 2023 | 35 | 45% | 48% | 6% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Jul 2022 | 29 | 54% | 41% | 6% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 33 | 38% | 55% | 7% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 35 | 47% | 46% | 7% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are end of month following invoice. Interim payment is made for certain accounts at half 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
75
Our Company is ISO9001 compliant and follows recognised procedures to resolve disputes. If a dispute cannot be settled by Purchase Ledger together with the purchasing department's manager it is escalated to the appropriate General Manager. Failing a resolution at that point, the Managing Director will be involved. They have the final say but refusal to pay very rarely occurs.
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
Chassis-Cab Limited trades as Chassis Cab, the DAF truck franchise holder for East Anglia. The family owned group, formed in 1982, operates from four locations across Suffolk and Cambridgeshire, including its Ipswich site at the registered address. It sells new and used DAF trucks, supplies DAF and TRP truck and trailer parts covering all makes, and provides truck servicing, repair and maintenance, tachograph testing and vehicle air conditioning maintenance. It also offers finance and leasing options for vehicles. The group employs around 200 staff across its sites. It operates as a PACCAR-affiliated dealership network alongside sister branches in Bury St Edmunds, Cambridge and Newmarket, all trading under the Chassis Cab name.
Generated from the company's website and Companies House records. Sources: chassis-cab.co.uk · chassis-cab.co.uk