ZENITH VEHICLE CONTRACTS LIMITED
Company Information
- Company Number
- 02267701
- Registered Address
- Number One, Great Exhibition Way, Kirkstall Forge, Leeds, United Kingdom, LS5 3BF
- Status
- Active
- Employee Count
- 411
- Turnover
- £343,192,000
- EBITDA
- £21,550,000
Additional Details
- Website
- https://zenith.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 15 June 1988
- Nature of Business
- 77110 - Renting and leasing of cars and light motor vehicles
- Industries
- Road Travel, Supply Chain, Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for ZENITH VEHICLE CONTRACTS LIMITED has remained consistent at 37 days for the past three periods. However, there has been a slight increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days in the most recent period. This indicates a trend towards more timely payments by the company.
Volatility Analysis
There is low volatility in the average time to pay for ZENITH VEHICLE CONTRACTS LIMITED, as it has remained consistent at 37 days for the past three periods. However, there has been some volatility in the percentage of invoices paid within 30 days and the percentage of invoices paid between 31 and 60 days, with a slight increase and decrease respectively in the most recent period.
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 | 46 | 18% | 78% | 4% | 8% |
| 01 Jul 2021 - 30 Jun 2022 | 17 Aug 2022 | 42 | 45% | 53% | 2% | 5% |
| 01 Apr 2021 - 30 Jun 2021 | 24 Aug 2021 | 41 | 19% | 78% | 3% | 7% |
| 01 Apr 2020 - 31 Mar 2021 | 14 May 2021 | 37 | 30% | 66% | 4% | 9% |
| 01 Oct 2019 - 31 Mar 2020 | 15 Jun 2020 | |||||
| 01 Apr 2019 - 30 Sept 2019 | 03 Jan 2020 | 37 | 22% | 77% | 1% | 2% |
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 are 14 working days for the procurement of vehicles, the last working day of the following month for other vehicle related payments. Other procurements range 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
Invoice Receipt Date 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.
❌
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
ZENITH VEHICLE CONTRACTS LIMITED is a British company that specializes in vehicle leasing and fleet management services. They have a strong focus on sustainability and offer a range of products and services to help businesses reduce their carbon footprint.
Their sustainability program includes the use of electric and hybrid vehicles, as well as the implementation of eco-friendly driving practices. They also offer a carbon offsetting option for their customers.
ZENITH VEHICLE CONTRACTS LIMITED offers a wide range of products and services, including contract hire, fleet management, and vehicle financing. They cater to businesses of all sizes and provide customized solutions to meet their specific needs.
The company is led by a team of experienced and knowledgeable professionals, including Managing Director Tim Buchan and Sales Director Ian Hughes. They are committed to providing excellent customer service and helping businesses achieve their sustainability goals.
To learn more about ZENITH VEHICLE CONTRACTS LIMITED and their services, interested individuals can visit their website at www.zenithvehiclecontracts.co.uk. The company's registered office address is at St George's House, 215-219 Chester Road, Manchester, M15 4JE, United Kingdom.
