Score of 91.7/100 qualifies for PaymentCheck Certification
| 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 Oct 2023 - 31 Mar 2024 | 17 May 2024 | 12 | 82% | 17% | 1% | 5% |
| 01 Apr 2023 - 30 Sept 2023 | 17 May 2024 | 17 | 74% | 24% | 2% | 10% |
| 01 Apr 2021 - 30 Sept 2021 | 23 Aug 2022 | 12 | 81% | 18% | 1% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 17 | 73% | 24% | 3% | 87% |
| 01 Apr 2020 - 30 Sept 2020 | 06 Nov 2020 | 19 | 61% | 13% | 26% | 32% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 13 | 75% | 23% | 2% | 14% |
| 01 Apr 2019 - 30 Sept 2019 | 13 Jan 2020 | 19 | 74% | 25% | 1% | 9% |
This information is as reported by the business, and responses are in their own words.
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?
Direct debits were deferred due to Covid. This was very variable and no set terms were given.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
180
Dispute resolution is handled by the procuring manager and the Finance team.
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
Wessex Garages Holdings Limited operates Wessex Garages, a motor vehicle dealership group trading since 1986 with dealerships across Bristol, Cardiff, Gloucester and Newport. It sells new and used cars and vans, representing manufacturers including Kia, Nissan, Hyundai, Mazda, GWM and Mitsubishi. The company also offers vehicle servicing, parts, MOTs and service plans, alongside finance and the Motability scheme for private and business customers. It acts as a credit broker rather than a lender, introducing customers to finance providers, and is authorised and regulated by the Financial Conduct Authority for consumer credit activity and as an insurance intermediary appointed representative.
Generated from the company's website and Companies House records. Sources: wessexgarages.com · wessexgarages.com