| 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
For non vehicle purchases, Central payment processing centre running one payment run per month aiming to pay suppliers on 20th of month following month of invoice. Manufacturer Vehicle purchases are paid on immediate direct debit.
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
All disputes are referred to the originating purchase manager for resolution.
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
RENAULT RETAIL GROUP UK LIMITED is a leading automotive company based in the United Kingdom. They are a subsidiary of the French multinational corporation, Renault Group. The company operates in the retail and distribution of Renault vehicles and related services.
Their sustainability program, called "Drive the Change," focuses on reducing their environmental impact through the implementation of eco-friendly practices and promoting the use of electric and hybrid vehicles. They also have initiatives in place to reduce their carbon footprint and promote sustainable mobility.
The company offers a range of products and services, including new and used car sales, vehicle servicing and repairs, and parts and accessories. They also have a dedicated fleet department for businesses and a finance department to assist customers with purchasing their vehicles.
The key people at RENAULT RETAIL GROUP UK LIMITED include the managing director, Darren Payne, who has over 25 years of experience in the automotive industry. The company is also supported by a team of experienced sales and service professionals who are committed to providing excellent customer service.
Their website, www.renaultretail.co.uk, provides customers with information on their products and services, as well as the latest news and updates from the company. Their registered office address is Renault Retail Group UK Limited, 728 London Road, High Wycombe, Buckinghamshire, HP11 1HE.
In summary, RENAULT RETAIL GROUP UK LIMITED is a reputable automotive company with a strong focus on sustainability. They offer a wide range of products and services, and their team of experienced professionals is dedicated to providing the best customer experience. With their commitment to environmental responsibility, the company is a leader in the UK automotive industry.