LEASEDRIVE LIMITED
Company Information
- Company Number
- 01748180
- Registered Address
- Number One, Great Exhibition Way, Kirkstall Forge, Leeds, United Kingdom, LS5 3BF
- Status
- Active
- Employee Count
- 164
- Turnover
- £72,748,000
- EBITDA
- £19,263,000
Additional Details
- Website
- https://zenith.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 25 August 1983
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles64910 - Financial leasing77110 - Renting and leasing of cars and light motor vehicles96090 - Other service activities not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
Over the past three periods (April 2020 - June 2022), there has been a steady increase in the average time taken for LEASEDRIVE LIMITED to pay their invoices. This increase has been primarily driven by a significant increase in the percentage of invoices paid later than 60 days, which has more than doubled from 5% to 11%. However, there has been a slight improvement in the percentage of invoices paid within 30 days, increasing from 42% to 41%.
Volatility Analysis
There is some volatility in the percentage of invoices paid between 31 and 60 days, with a high of 64% in the period of July 2021 - June 2022 and a low of 53% in the period of April 2020 - March 2021. However, the percentage of invoices paid within 30 days has remained relatively stable between 35-41% over the past three periods. The most volatile metric is the percentage of invoices paid later than 60 days, with a low of 1% in the period of April 2019 - September 2019 and a high of 11% in the period of April 2021 - June 2021.
Summary Analysis
Over the past three periods, there has been a steady increase in the average time taken for LEASEDRIVE LIMITED to pay their invoices. This is primarily driven by a significant increase in the percentage of invoices paid later than 60 days, which has more than doubled from 5% to 11%. However, there has been a slight improvement in the percentage of invoices paid within 30 days, increasing from 42% to 41%.
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 Sept 2022 - 31 Mar 2023 | 28 Apr 2023 | 30 | 31% | 66% | 3% | 5% |
| 01 Jul 2021 - 30 Jun 2022 | 17 Aug 2022 | 32 | 41% | 56% | 3% | 5% |
| 01 Apr 2021 - 30 Jun 2021 | 24 Aug 2021 | 28 | 35% | 64% | 1% | 6% |
| 01 Apr 2020 - 31 Mar 2021 | 14 May 2021 | 32 | 42% | 53% | 5% | 8% |
| 01 Oct 2019 - 31 Mar 2020 | 15 Jun 2020 | 27 | 72% | 27% | 1% | 1% |
| 01 Apr 2019 - 30 Sept 2019 | 03 Jan 2020 | 26 | 77% | 22% | 1% | 1% |
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
Standard payment terms vary depending on the type of payment and range from 1 day to 60 days from invoice date in accordance with the relevant purchase order.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
We are currently unable to report on the date of receipt of invoices in this report. We have reported on the date of the invoice itself, as we consider this the most justifiable alternative. All invoices are paid to term unless they are in query but will be paid immediately on resolution of query.
Maximum contractual payment period agreed
60
Dispute Resolution Process
We have a dedicated accounts payable team that offers support and advice to our suppliers on payment practices and query resolution. Our team work in close collaboration with other key stakeholders in the business and are available between 8.45am and 5.30pm either by telephone or email. We aim to resolve all queries received from Suppliers within 48 hours and are able to make same day payments where invoices are received late or disputes are resolved.
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.
❌
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
LEASEDRIVE LIMITED is a leading vehicle leasing and fleet management company based in the United Kingdom. They specialize in providing flexible and cost-effective vehicle leasing solutions for businesses and individuals.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact. They offer a range of low-emission and electric vehicles, as well as providing advice on reducing fuel consumption and CO2 emissions for their clients.
In addition to vehicle leasing, LEASEDRIVE LIMITED also offers a range of fleet management services including maintenance and servicing, insurance, and accident management. They have a team of experienced professionals who provide personalized and efficient services to their clients.
Some key people in the company include the Managing Director, Peter Cakebread, and the Sales Director, David Bird. Both bring a wealth of experience and expertise to the company.
For more information on their products and services, as well as their sustainability program, interested parties can visit their website at www.leasedrive.co.uk. The registered office address for LEASEDRIVE LIMITED is 3rd Floor, Riverside House, Riverside Drive, Cleckheaton, West Yorkshire, BD19 4DH.
