WESSEX GARAGES HOLDINGS LIMITED

PaymentCheck Score 2024
92Excellent
3.4vs last year
#882 in UK
#35 in Travel And Transportation
#37 in South West

Company Information

Company Number
02639755
Registered Address
Pennywell Road, Bristol, BS5 0TT
Status
Active
Employee Count
308
Turnover
£223,137,000
EBITDA
£2,674,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 August 1991
Nature of Business
45111 - Sale of new cars and light motor vehicles
Industries
Travel And Transportation
Region
South West

Time to Pay

Average Time to Pay
17 days
Shortest Period:0 days
Longest Period:0 days
Max Contractual:180 days

Payment Timeline

Within 30 Days
74%
31-60 Days
24%
After 60 Days
2%
Not Paid Within Terms10%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-05-17
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2023 - 31 Mar 202417 May 20241282%17%1%5%
01 Apr 2023 - 30 Sept 202317 May 20241774%24%2%10%
01 Apr 2021 - 30 Sept 202123 Aug 20221281%18%1%9%
01 Oct 2020 - 31 Mar 202128 Apr 20211773%24%3%87%

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 payment terms vary by supplier and are either a set number of days after the invoice date or a set number of days after the month end of the month in which the invoice is raised. Typically 30 days after end of month or 30 days after the transaction date.

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

180

Dispute Resolution Process

Dispute resolution is handled by the procuring manager and the Finance team.

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.

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.

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

Wessex Garages Holdings Limited is a UK-based company that specializes in the sale and distribution of cars and other vehicles. The company has a strong focus on sustainability and is committed to reducing its environmental impact through various initiatives.

Under its sustainability program, the company has implemented measures such as reducing energy consumption, promoting recycling, and using sustainable materials in its operations. It has also invested in low-emission vehicles and encourages customers to choose environmentally friendly options.

Wessex Garages offers a wide range of products and services, including new and used car sales, car leasing, and servicing. It represents popular brands such as Ford, Kia, and Renault, and has a strong presence in the South West of England.

The key people at Wessex Garages include the Managing Director, Mr. Roger Head, and the Finance Director, Mr. David Head. They are responsible for the overall management and strategic direction of the company.

The company's website (www.wessexgarages.com) provides detailed information about its products and services, as well as its sustainability efforts. Customers can also find contact information and book appointments for car servicing through the website.

The registered office address of Wessex Garages Holdings Limited is located at Penarth Road, Cardiff, CF11 8TW, United Kingdom. Overall, the company is committed to providing quality products and services while minimizing its impact on the environment.

Financial Metrics

Cash
£1,425,839
Net Worth
£20,348,913
Total Current Assets
£37,945,295
Total Current Liabilities
£27,583,245

Company Location