Industry ranking
The data for GREVAN CARS LIMITED shows that the average time taken to pay invoices has fluctuated over the past three periods. In the first period, from 2018-01-01 to 2018-06-30, the average time to pay was 27 days. This increased to 39 days in the second period (2018-07-01 to 2018-12-31) before decreasing to 35 days in the third period (2019-01-01 to 2019-06-30). However, there is no data available for the fourth period (2019-06-01 to 2019-12-31). In the fifth period (2019-07-01 to 2019-12-31), the average time to pay remained the same at 35 days. The sixth period, from 2020-01-01 to 2020-06-30, saw a significant increase in the average time to pay to 58 days. This was followed by a decrease in the seventh period (2021-07-01 to 2021-12-31) to 29 days and then a slight decrease in the eighth period (2022-01-01 to 2022-06-30) to 28 days.
The volatility of the data is evident in the fluctuations of the average time to pay for GREVAN CARS LIMITED. In the first and third periods, the average time to pay remained relatively stable at 27 days and 35 days, respectively. However, in the second period, there was a significant increase to 39 days. The fourth period does not have any data available, but in the fifth and sixth periods, the average time to pay remained at 35 days and 58 days, respectively. In the seventh period, there was a significant decrease to 29 days, followed by a slight decrease in the eighth period to 28 days.
From the available data, it can be seen that GREVAN CARS LIMITED has had fluctuations in their average time to pay invoices over the past three periods. In the first period, from 2018-01-01 to 2018-06-30, the company had an average time to pay of 27 days, with 52% of invoices paid within 30 days and 5% paid later than 60 days. In the second period, there was an increase to 39 days for the average time to pay, with 40% of invoices paid within 30 days and 11% paid later than 60 days. The third period saw a decrease in the average time to pay to 35 days, with 46% of invoices paid within 30 days and 7% paid later than 60 days.
| 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 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 28 | 54% | 41% | 5% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 29 | 52% | 42% | 6% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 58 | 19% | 49% | 32% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 35 | 45% | 45% | 10% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 35 | 46% | 47% | 7% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 39 | 40% | 48% | 11% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 52% | 42% | 5% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices are paid by the end of the following month they are raised.
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
90
Notify the supplier with any disputed invoices. Identify if the goods services have been satisfactorily received. If not, invite the supplier for further inspection clearly identifying the shortfall in meeting our expectations.
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
Grevan Cars Limited trades as Ocean Plymouth, an official MINI dealership based in Plymouth, Devon. It sells new and Approved Used MINI models, offers vehicle finance through MINI Financial Services as a credit broker, and provides manufacturer-approved servicing, MOTs, repairs and genuine parts. The dealership serves customers across Plymouth and surrounding areas including Paignton, Torquay, Newton Abbot and Saltash, operating separate sales and service contact points. It also supports local community initiatives such as beach cleans and fundraising. Registered in 1984, the company remains an active UK entity trading under the Ocean Plymouth name as part of the wider Ocean Group Plymouth dealership operation.
Generated from the company's website and Companies House records. Sources: oceanplymouthmini.co.uk · oceanplymouthmini.co.uk