Industry ranking
| 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 Nov 2019 - 30 Apr 2020 | 24 Aug 2020 | 31 | 57% | 30% | 13% | 27% |
| 01 May 2019 - 31 Oct 2019 | 14 Nov 2019 | 37 | 41% | 43% | 16% | 36% |
| 01 Nov 2018 - 30 Apr 2019 | 24 Sept 2019 | 29 | 55% | 37% | 8% | 24% |
| 01 May 2018 - 31 Oct 2018 | 21 Nov 2018 | 41 | 32% | 51% | 17% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Appropriate payment terms are agreed with our suppliers based on the nature of the transaction. The Company, as standard, pays its suppliers no later than the last day of the month following the month in which the invoice is agreed, subject to the receipt of statements where appropriate. Individual agreements are in place for manufacturer vehicle purchases. These can vary from 3 days from the date of first registration to extended credit up to 180 days.
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
180
The Company aims to resolve disputes in a timely manner. Any queries relating to invoices are initially handled by the suppliers regular contact at the branch or Head Office. Disputes are co-ordinated by our Head Office accounts team. If the matter can not be resolved then any final decision would be made by the company Financial Director.
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
S.G. Petch Limited is a Darlington-based motor vehicle dealership group. Companies House records show its registered activities as the sale of new and used cars and light motor vehicles, maintenance and repair of motor vehicles, and retail of vehicle parts and accessories. The company was originally incorporated under the name Skillquick Limited in March 1990 before changing its name shortly afterwards to S.G. Petch Limited. It remains an active private limited company registered in County Durham, operating within the car dealership and garage sector, covering both retail sales of vehicles and associated servicing and parts supply.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk