Ranked in 5 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 33 | 65% | 22% | 13% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 33 | 60% | 25% | 15% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 34 | 60% | 25% | 15% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jan 2023 | 31 | 65% | 20% | 15% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 29 | 64% | 19% | 17% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 07 Oct 2021 | 28 | 68% | 22% | 9% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 25 | 68% | 22% | 10% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Aug 2020 | 26 | 66% | 19% | 15% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 28 | 62% | 26% | 12% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 28 | 63% | 25% | 12% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 29 | 58% | 31% | 11% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Pendragon PLC has two main types of payment terms. Firstly, terms with supplier and secondly, terms with manufacturer vehicle purchases. Supplier terms are typically 30 days (with payment but we have a range of 3 to 60 days. Manufacturer vehicle purchases vary by manufacturer and can be from 3 days to 365 days.
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
365
The company will notify supplier of any invoice disputes. The company and supplier will endeavour to resolve all disputes by agreement of the parties. Once resolved, payment will be made in accordance with agreed terms.
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
Pendragon Plc, registered in England since 1988, now trades as Lithia UK, part of the wider Lithia group. It is one of the UK's automotive retailers, operating over 160 sites nationwide under the Evans Halshaw and Stratstone brands, selling new and used vehicles and providing aftercare services. The group also offers vehicle leasing through Driveway Vehicle Solutions and wholesale vehicle parts distribution via Quickco. Its stated business areas cover Franchised UK Motor, Hybrid Used Cars and Leasing, with digital retail channels supporting dealership sales. The registered office is in Nottinghamshire, and the company serves hundreds of thousands of customers each year through its dealership network and online platforms.
Generated from the company's website and Companies House records. Sources: pendragonplc.com · pendragonplc.com