DICK LOVETT (BRISTOL) LIMITED

Company Information

Company Number
01683232
Registered Address
The Copse Frankland Road, Blagrove, Swindon, Wiltshire, England, SN5 8YW
Status
Active
Employee Count
208
Turnover
£154,403,000
EBITDA
£2,379,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 December 1982
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
45400 - Sale, maintenance and repair of motorcycles and related parts and accessories
Industries
Road Travel
Region
South West

Time to Pay

Average Time to Pay
27 days
Shortest Period:0 days
Longest Period:45 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
65%
31-60 Days
32%
After 60 Days
3%
Not Paid Within Terms26%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2018 - 30 Jun 201831 Jul 20181772%27%1%21%

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

Net Monthly. We pay at the end of the following month unless otherwise requested.

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

30

Dispute Resolution Process

Non regulated disputes would be managed by the head of business at each individual dealership and where appropriate will be escalated to the management board/appropriate director. Regulated disputes would be managed by our internal compliance manager and where appropriate will be escalated to the management board/appropriate director

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

DICK LOVETT (BRISTOL) LIMITED is a luxury car dealership located in Bristol, United Kingdom. The company was founded in 1966 and has since become one of the leading dealerships for premium car brands such as BMW, MINI, Porsche, and Aston Martin.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have installed solar panels on their showroom roof, use energy-efficient lighting, and have a recycling program in place. They also offer customers the option to offset their vehicle's carbon emissions by supporting renewable energy projects.

In addition to their sustainability efforts, DICK LOVETT (BRISTOL) LIMITED offers a wide range of products and services. They sell new and used cars from their luxury brand partners, as well as provide financing options and after-sales services such as maintenance and repairs. They also have a dedicated team for bespoke vehicle customization to meet the unique requirements of their customers.

The key people at DICK LOVETT (BRISTOL) LIMITED include the Chairman, Peter Lovett, and the Managing Director, Mark Whittaker. They are supported by a team of experienced professionals who are knowledgeable about the products and services offered by the company.

For more information on DICK LOVETT (BRISTOL) LIMITED and their products and services, customers can visit their website at www.dicklovett.co.uk. The registered office address for the company is 2220 Gas House Road, Bristol, BS2 0QL.

Financial Metrics

Cash
£3,853,000
Net Worth
£8,283,000
Total Current Assets
£25,990,000
Total Current Liabilities
£18,335,000

Company Location