PENDRAGON PLC

PaymentCheck Score 2023
74Fair
1.4vs last year
#2400 in UK
#138 in Travel And Transportation
#85 in East Midlands

Company Information

Company Number
02304195
Registered Address
Loxley House 2 Oakwood Court, Little Oak Drive, Annesley Nottingham, Nottinghamshire, NG15 0DR
Status
Active
Employee Count
5,526
Turnover
£3,620,000,000
EBITDA
£171,100,000

Additional Details

Company Type
Public limited Company
Incorporated On
12 October 1988
Nature of Business
45111 - Sale of new cars and light motor vehicles
45112 - Sale of used cars and light motor vehicles
45190 - Sale of other motor vehicles
70100 - Activities of head offices
Industries
Travel And Transportation
Region
East Midlands

Time to Pay

Average Time to Pay
33 days
Shortest Period:3 days
Longest Period:60 days
Max Contractual:365 days

Payment Timeline

Within 30 Days
65%
31-60 Days
22%
After 60 Days
13%
Not Paid Within Terms17%

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: 2024-01-18
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202318 Jan 20243365%22%13%17%
01 Jul 2022 - 31 Dec 202225 Jan 20233460%25%15%19%
01 Jan 2022 - 30 Jun 202225 Jan 20233165%20%15%19%
01 Jul 2021 - 31 Dec 202131 Jan 20222964%19%17%16%
01 Jan 2021 - 30 Jun 202107 Oct 20212868%22%9%25%
01 Jul 2020 - 31 Dec 202009 Feb 20212568%22%10%14%
01 Jan 2020 - 30 Jun 202024 Aug 20202666%19%15%17%
01 Jul 2019 - 31 Dec 201910 Feb 20202862%26%12%16%
01 Jan 2018 - 30 Jun 201831 Jul 20182958%31%11%26%

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

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

Dispute Resolution Process

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.

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

PENDRAGON PLC is a leading automotive retail group based in Nottingham, United Kingdom. The company was established in 1989 and has since grown to become one of the largest car dealerships in Europe.

The company's main focus is on the sale and distribution of new and used vehicles from various brands, including Aston Martin, BMW, and Mercedes-Benz. In addition to car sales, PENDRAGON PLC also offers a range of after-sales services such as maintenance, repairs, and financing options.

As a responsible corporate citizen, PENDRAGON PLC is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes promoting the use of electric and hybrid vehicles, investing in energy-efficient technologies, and implementing waste reduction and recycling programs.

The company also has a strong focus on customer satisfaction and has been recognized for its excellent customer service. PENDRAGON PLC's key people include the CEO, Bill Berman, and the Chairman, Chris Chambers.

For more information on PENDRAGON PLC and its products and services, you can visit their website at www.pendragonplc.com. Their registered office address is at Loxley House, 2 Oakwood Court, Little Oak Drive, Annesley, Nottinghamshire, NG15 0DR, United Kingdom.

Financial Metrics

Cash
£171,900,000
Net Worth
£124,000,000
Total Current Assets
£919,700,000
Total Current Liabilities
£974,400,000

Company Location