Industry ranking
RYCLIFF CARS LIMITED demonstrates a generally prompt payment trend with an average payment time of 26 days. A significant majority of 69% of invoices are settled within 30 days, indicating a consistent pattern for most transactions. However, 26% of payments are classified as late, suggesting a recurring portion of invoices will exceed initial payment expectations.
While the majority of payments are within 30 days, the 26% late payments introduce an element of unpredictability for a supplier's cash flow. Specifically, 24% of payments fall into the 31-60 day range, and 7% extend beyond 60 days, indicating a notable risk of significant delays for a minority of invoices. Suppliers should be aware of this variability and the potential for extended receivable periods.
RYCLIFF CARS LIMITED presents a moderate payment risk profile, characterized by prompt payments for the majority but a notable percentage of delayed invoices. Suppliers should account for potential delays for approximately one-quarter of invoices, especially the 7% that extend significantly beyond 60 days. Proactive follow-up and clear payment terms are recommended to mitigate cash flow impact and manage expectations.
| 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 Jul 2025 - 31 Dec 2025 | 23 Jan 2026 | 22 | 68% | 27% | 5% | 29% |
| 01 Jan 2025 - 30 Jun 2025 | 18 Jul 2025 | 26 | 69% | 24% | 7% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms offered are for payment at the end of the month following the month in which the invoice is dated. Additionally, specific payment terms are dictated to us by the manufacturer partners for which we operate franchised motor dealerships. The shortest such term is payment for new vehicle purchases, these are generally taken by direct debit following the invoice date which in practice equates to 3 days.
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
90
Invoices are processed within the Accounts Department at each franchised motor dealership. Any disputed invoices will be queried with the supplier by the Accounts Department with reference to the relevant department or authorising manager where appropriate.
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
RYCLIFF CARS LIMITED is an active private limited company, incorporated on 12 December 1991, based in the West Midlands region. Registered business activity: Sale of new cars and light motor vehicles 45112 - Sale of used cars and light motor vehicles 45200 - Maintenance and repair of motor vehicles 45320 - Retail trade of motor vehicle parts and accessories.
From Companies House records.