There is a clear trend of improvement in the average time taken for JARDINE MOTORS GROUP UK LIMITED to pay their invoices over the past three periods. From 2019 to 2023, the average time to pay has decreased from 30 days to 26 days. Additionally, the percentage of invoices paid within 30 days has increased from 52% to 63%, while the percentage of invoices paid later than 60 days has decreased from 4% to 4%. This suggests that the company has become more efficient in paying their invoices on time.
The volatility of JARDINE MOTORS GROUP UK LIMITED's payment behavior can be seen in the fluctuation of their average time to pay and the percentage of invoices paid within 30 days. From 2019 to 2020, there was a significant increase in both metrics, with the average time to pay increasing by 8 days and the percentage of invoices paid within 30 days decreasing by 8%. However, from 2020 to 2023, there has been a steady decrease in both metrics, indicating a more stable payment behavior.
Looking at the past three periods, there has been a significant improvement in JARDINE MOTORS GROUP UK LIMITED's payment behavior. From 2020 to 2023, the average time to pay has decreased by 13 days, and the percentage of invoices paid within 30 days has increased by 11%. However, the company still has room for improvement, as the percentage of invoices paid later than 60 days remains at 4%.
| 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 | 24 Jan 2024 | 26 | 63% | 32% | 4% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 25 | 67% | 28% | 5% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 24 | 75% | 19% | 6% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 16 Sept 2022 | 30 | 59% | 28% | 13% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 16 Sept 2022 | 47 | 46% | 29% | 25% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Sept 2022 | 48 | 45% | 34% | 21% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 16 Sept 2022 | 48 | 41% | 35% | 24% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Aug 2020 | 38 | 48% | 31% | 21% | 61% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Feb 2020 | 29 | 56% | 37% | 7% | 52% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 30 | 52% | 44% | 4% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days end of month
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
When an invoice is disputed, the supplier will receive an email inculding the invoice number and reason for rejection. To resolve a dispute the supplier is required to provide any missing information or a corrected or a corrected invoice.
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
JARDINE MOTORS GROUP UK LIMITED is a leading automotive group in the UK. It is a subsidiary of Jardine Matheson Holdings Limited, a conglomerate headquartered in Hong Kong. The company operates over 70 dealerships across the UK, representing brands such as Porsche, Audi, and Jaguar.
The group is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes investing in energy-efficient facilities, promoting the use of electric and hybrid vehicles, and implementing recycling programs in all of its dealerships. Jardine Motors Group also supports local communities through its charitable foundation and encourages employee volunteerism.
In terms of products and services, Jardine Motors Group offers a wide range of new and used cars, as well as aftersales services such as maintenance, repairs, and parts. The company also offers financing and insurance options for its customers.
The key people at Jardine Motors Group include CEO Neil Williamson and Chairman Tim Zimmerman. The company's registered office address is 770 The Crescent, Colchester Business Park, Colchester, Essex, CO4 9YQ. Their website address is www.jardinemotors.co.uk.
In summary, Jardine Motors Group UK Limited is a leading automotive group in the UK, committed to sustainability and offering a wide range of products and services. With a dedicated team of leaders and a strong presence across the country, they continue to be a trusted and reliable choice for customers in the automotive industry.
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