DICK LOVETT (SPECIALIST CARS) LIMITED
Company Information
- Company Number
- 02567241
- Registered Address
- The Copse Frankland Road, Blagrove, Swindon, Wiltshire, England, SN5 8YW
- Status
- Active
- Employee Count
- 260
- Turnover
- £91,744,000
- EBITDA
- £1,763,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 December 1990
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles45112 - Sale of used cars and light motor vehicles45200 - Maintenance and repair of motor vehicles
- Industries
- Road Travel
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
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 2018 - 30 Jun 2018 | 31 Jul 2018 | 21 | 72% | 27% | 1% | 48% |
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
Net monthly. We pay at the end of the following month unless otherwise requested.
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
30
Dispute Resolution Process
Non regulated disputes would be managed by the head of business at each dealership where appropriate will be escalated to the management board/appropriate director. Regulated disputes would be managed by our internal compliance manager and where appropriate will be escalated to the management board/appropriate director.
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.
❌
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
Company Summary
Dick Lovett (Specialist Cars) Limited is a leading luxury car dealership, specializing in high-end brands such as Aston Martin, Bentley, Ferrari, and Porsche. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes using renewable energy sources, such as solar panels, to power their showrooms and workshops. They also have a recycling program in place for paper, plastic, and other materials. In addition, the company is continuously working towards reducing its carbon footprint by promoting the use of electric and hybrid vehicles.
The dealership offers a wide range of luxury cars, including new and pre-owned models, as well as a variety of services such as financing, servicing, and repairs. They also have a dedicated team of specialists who provide personalized consultations and assist customers in finding the perfect car to suit their needs.
The key people at Dick Lovett (Specialist Cars) Limited include the founder, Dick Lovett, who has over 50 years of experience in the automotive industry, and the managing director, Peter Lovett. The company has a team of experienced sales and service staff who are passionate about providing excellent customer service and expert knowledge about their range of luxury cars.
For more information about their products and services, customers can visit their website at www.dicklovett.co.uk. The registered office address for the company is Dick Lovett House, Ashworth Road, Bridgemead, Swindon, SN5 7UZ.
