| 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 2019 - 30 Jun 2019 | 30 Jul 2019 | 27 | 70% | 20% | 10% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 28 | 69% | 23% | 8% | 51% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 23 | 73% | 20% | 7% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Vehicle payments due upon invoice receipt. Other credit suppliers paid on 25th of month following invoice date.
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
45
Central Accounts department for the Group handle disputes/complaints and liaise with Branches.
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
Renault Retail Group UK Limited is registered under SIC code 45111, covering the sale of new cars and light motor vehicles. The company is based at a Renault site in London and is classified within automotive dealership and garage related industries. No further detail on its trading operations, services or customer base was available in the evidence supplied, as the associated website content had expired. The company remains an active entity on the Companies House register, having been incorporated in October 1988.
Generated from the company's website and Companies House records.