Industry ranking
| 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 Oct 2023 - 31 Mar 2024 | 26 Apr 2024 | 30 | 73% | 16% | 11% | 43% |
| 01 Apr 2023 - 30 Sept 2023 | 20 Oct 2023 | 31 | 50% | 48% | 2% | 18% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 45 | 38% | 53% | 9% | 31% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 36 | 38% | 58% | 3% | 39% |
| 01 Jul 2021 - 31 Mar 2022 | 29 Apr 2022 | 36 | 34% | 61% | 5% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms offered are for payment at the end of the month following the invoice date. However, the company operates a motor vehicle franchise model. The major vehicle manufacturers dictate their own specific terms varying from one manufacturer to another. The individual manufacturer's terms will also vary dependant on the type of transaction - for instance the terms for a new vehicle sale will differ from those offered for sale of original equipment parts. The shortest payment term is collection by direct debit on the date the invoice is issued equating to 0 days payment terms.
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
60
When invoices are received they are assigned to an Authorising Manager. If a dispute arises it is the responsibility of the Authorising Manager to liaise with the supplier to resolve any issues. The invoice will be put on hold during this process. Accounts Payable reconcile supplier statements monthly and at that point they will liaise with the authorising manager to progress any outstanding disputes. Reasons for withholding payment can also be recorded against the invoice on the Accounts Payable system.
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
Motorline Limited is a private limited company incorporated in 1984 and registered in England. Companies House records list its nature of business generically as other business support service activities, but its associated industry tags relate to automotive dealerships covering cars, motorcycles and other road vehicles. Its registered office is given care of a Marshall Volkswagen dealership in Milton Keynes, indicating the company now operates as part of the Marshall Motor Group structure rather than trading independently under its own name. No further detail on specific services, turnover or trading operations is available from the supplied evidence, though the entity's automotive dealership association is consistent across its industry classification.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk