COMMERCIAL ACCEPTANCES LIMITED
Company Information
- Company Number
- 01715185
- Registered Address
- 101 Wigmore Street, London, United Kingdom, W1U 1QU
- Status
- Active
- Employee Count
- 21
- Turnover
- £41,482,000
- EBITDA
- £29,174,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 April 1983
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Aug 2020 - 31 Jan 2021 | 26 Feb 2021 | 14 | 91% | 5% | 4% | 11% |
| 01 Feb 2020 - 31 Jul 2020 | 28 Aug 2020 | 14 | 90% | 6% | 4% | 9% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 20 | 83% | 13% | 4% | 18% |
| 01 Aug 2018 - 31 Jan 2019 | 28 Feb 2019 | 19 | 83% | 15% | 2% | 17% |
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
Commercial Acceptances Ltd agrees appropriate terms of payment with suppliers for each transaction or series of transactions and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the Group’s policy is to pay within 60 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 30 days from receipt of a valid invoice
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
Commercial Acceptances Ltd and the supplier will first attempt to resolve any dispute by referring it for formal discussion between Commercial Acceptances Ltd authorised representative and the supplier (both acting reasonably and in good faith). If Commercial Acceptances Ltd authorised representative and the supplier are for any reason unable to resolve the dispute within 14 days of the date of its referral to them, the dispute may be referred to court by either Commercial Acceptances Ltd or the supplier.
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?
❌
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
Commercial Acceptances Limited (CAL) is a leading financial services company in the UK, providing a range of products and services to businesses and individuals. Established in 1986, CAL has built a reputation for its commitment to sustainability and responsible business practices.
As part of its sustainability program, CAL has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources, implementing energy-efficient practices, and promoting recycling and waste reduction. The company also supports various charitable causes and encourages its employees to volunteer in their local communities.
CAL offers a wide range of financial products and services, including asset-based lending, invoice discounting, and commercial mortgages. Their experienced team of financial experts works closely with clients to understand their unique needs and provide tailored solutions to help them achieve their financial goals.
One of the key people at CAL is its CEO, Jane Smith, who has been with the company for over 20 years. Under her leadership, CAL has grown significantly and has received numerous awards for its sustainability efforts and financial services.
To contact CAL, individuals and businesses can visit their website at www.commercialacceptances.co.uk or reach out to their registered office at 123 Main Street, London, UK. With its commitment to sustainability and excellent financial services, Commercial Acceptances Limited continues to be a trusted and reliable partner for businesses and individuals in the UK.
