PERRYS EAST MIDLANDS LIMITED

PaymentCheck Score 2024
84Good
#1633 in UK
#75 in Travel And Transportation
#46 in East Midlands

Company Information

Company Number
02086705
Registered Address
Perrys, Suite 1, 500 Pavilion Drive, Brackmills, Northampton, England, NN4 7YJ
Status
Active
Employee Count
317
Turnover
£175,896,000
EBITDA
£3,308,000

Additional Details

Company Type
Private limited Company
Incorporated On
2 January 1987
Nature of Business
45111 - Sale of new cars and light motor vehicles
45112 - Sale of used cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
45320 - Retail trade of motor vehicle parts and accessories
Industries
Travel And Transportation
Region
East Midlands

Time to Pay

Average Time to Pay
17 days
Shortest Period:3 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
66%
31-60 Days
30%
After 60 Days
4%
Not Paid Within Terms4%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202411 Jul 20241766%30%4%4%
01 Jan 2022 - 30 Jun 202219 Jul 20221864%31%5%5%
01 Jul 2021 - 31 Dec 202128 Jan 20222275%20%5%5%
01 Jan 2021 - 30 Jun 202126 Jul 20212267%26%7%7%
01 Jan 2020 - 30 Jun 202029 Jul 20202754%29%17%17%
01 Jul 2019 - 31 Dec 201928 Jan 20202553%41%6%6%
01 Jan 2019 - 30 Jun 201926 Jul 20192257%38%5%5%
01 Jul 2018 - 31 Dec 201829 Jan 20192553%40%7%7%
01 Jan 2018 - 30 Jun 201824 Jul 2018741%54%5%5%

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

Perrys standard payment terms state that payment of third party invoices for goods and services will be made by the end of the month following the month in which a properly due, correct and complete invoice was received. Other terms may apply where agreed in writing by a duly authorised representative.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Perrys are committed to acting with integrity and therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement between the supplier’s main contact and Perrys accounts payable team together with the main Perrys contact who typically will have ordered the goods and services.

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.

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.

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

PERRYS EAST MIDLANDS LIMITED is a car dealership and service provider based in the East Midlands region of England. They offer a wide range of new and used cars from popular brands such as Ford, Vauxhall, and SEAT.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in energy-efficient lighting and heating systems in their showrooms and service centers. They also offer electric and hybrid vehicles as part of their product range, encouraging customers to make more eco-friendly choices.

The key people at PERRYS EAST MIDLANDS LIMITED include the managing director, Nigel McMinn, and the finance director, Andrew Johnson. They have a dedicated team of sales and service staff who are knowledgeable and provide excellent customer service.

In addition to car sales and maintenance, PERRYS EAST MIDLANDS LIMITED also offers financing options, insurance, and MOT testing services. They have a user-friendly website where customers can browse their inventory and book appointments for services. The company's registered office is located in Mansfield, with multiple showrooms and service centers throughout the East Midlands.

Overall, PERRYS EAST MIDLANDS LIMITED is a reputable and customer-focused car dealership with a strong commitment to sustainability. They offer a variety of products and services, making them a one-stop-shop for all car-related needs. Their dedication to providing quality and eco-friendly options sets them apart in the automotive industry.

Financial Metrics

Cash
£311,000
Net Worth
£21,638,000
Total Current Assets
£81,766,000
Total Current Liabilities
£53,106,000

Company Location