DESIRA GROUP PLC
Company Information
- Company Number
- 02482580
- Registered Address
- Victoria Road, Diss, Norfolk, IP22 4GS
- Status
- Active
- Employee Count
- 175
- Turnover
- £70,813,000
- EBITDA
- £578,000
Additional Details
- Website
- https://www.desiragroup.com/
- Company Type
- Public limited Company
- Incorporated On
- 19 March 1990
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles
- Industries
- Road Travel
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
Over the three periods analysed, DESIRA GROUP PLC has shown a slight increase in the average time taken to pay invoices to suppliers. The company's percentage of invoices paid within 30 days has decreased from 64% in the second period to 57% in the third period. This suggests a trend towards slightly longer payment times.
Volatility Analysis
There is a relatively low level of volatility in DESIRA GROUP PLC's payment patterns, as evidenced by the consistent percentage of invoices paid within 30 days (ranging from 57% to 64%) and the low percentage of invoices paid later than 60 days (ranging from 1% to 5%). However, there is a notable increase in the percentage of invoices paid between 31 and 60 days in the third period compared to the previous two periods.
Summary Analysis
From January 2018 to December 2019, DESIRA GROUP PLC's average time to pay invoices to suppliers has increased from 25 days to 35 days. The company's best performance in terms of on-time payments was in the first period, with 59% of invoices paid within 30 days. However, the third period saw the highest percentage of invoices paid later than 60 days (5%). Overall, DESIRA GROUP PLC has shown a trend towards longer payment times with a slight decrease in the percentage of invoices paid within 30 days.
Performance Reports History
| 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 | 23 Sept 2019 | 30 | 64% | 35% | 1% | 2% |
| 01 Jan 2018 - 31 Dec 2018 | 04 Feb 2019 | 25 | 59% | 38% | 3% | 7% |
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
Standard terms for non-vehicle related payments are for payment at end of the following month. However, different terms have also been accommodated. Vehicle invoices are paid roughly 3-5 days following registration as per manufacturer agreements.
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
270
Dispute Resolution Process
Disputes are managed centrally by the Accounts Department and communicated to relevant locations and department to liaise directly with suppliers.
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.
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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?
❌
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
DESIRA GROUP PLC is a UK-based company that specializes in the automotive industry. The company was founded in 1972 and has since expanded to become one of the largest privately-owned motor groups in East Anglia. DESIRA offers a wide range of products and services, including new and used car sales, car servicing, and parts and accessories.
Sustainability is a key focus for DESIRA GROUP PLC, and the company has implemented various initiatives to reduce its environmental impact. This includes the use of energy-efficient lighting and heating systems, as well as recycling programs for waste materials. DESIRA also offers a range of electric and hybrid vehicles, promoting eco-friendly transportation options.
The key people at DESIRA GROUP PLC include John Desira, the founder and chairman of the company, and his son, Chris Desira, who serves as the managing director. Together, they have led the company to success and continue to drive its growth and sustainability efforts.
Customers can visit the company's website (www.desiragroup.com) to browse their range of products and services, as well as book appointments for car servicing. The registered office address for DESIRA GROUP PLC is Desira House, 2-4 Vulcan Road South, Norwich, NR6 6AQ.
In summary, DESIRA GROUP PLC is a leading automotive company in the UK, offering a variety of products and services while prioritizing sustainability. With a strong leadership team and a commitment to reducing their environmental impact, DESIRA is a trusted and reputable company in the industry.
