| 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 2019 - 31 Dec 2019 | 30 Jan 2020 | 27 | 65% | 32% | 3% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 21 | 70% | 28% | 2% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 17 | 72% | 27% | 1% | 21% |
This information is as reported by the business, and responses are in their own words.
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
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
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
Dick Lovett (Bristol) Limited trades as Dick Lovett Bristol, an official MINI dealership based in Bristol serving the surrounding area including Bath, Weston-Super-Mare, Clevedon and Portishead. It sells new and Approved Used MINI cars, offers finance options such as Personal Contract Hire, Hire Purchase and Business Leasing, and provides after-sales services including servicing, repairs, MOTs and genuine parts through MINI trained technicians. The company acts as a credit broker introducing customers to MINI Financial Services and arranges vehicle finance and insurance solutions. It is registered as a company involved in the sale, maintenance and repair of new and used cars and motorcycles.
Generated from the company's website and Companies House records. Sources: dicklovettbristolmini.co.uk · dicklovettbristolmini.co.uk