| 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 2019 - 31 Dec 2019 | 06 Feb 2020 | 48 | 8% | 80% | 12% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 45 | 12% | 76% | 12% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 02 Jul 2019 | 47 | 9% | 81% | 10% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 11 Jul 2018 | 46 | 11% | 79% | 10% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
payment 30 days, month following invoice provided/provision of service
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The Group has always adopted a fully supportive role with its creditors. Any dispute arising with invoices is communicated directly by the department to the supplier. The department also notifies the accounts payables team with notes relating to the dispute being recorded on the Group management information system. All disputed invoices are dealt within an openly and timely manner.
Maximum contractual payment period agreed
180
The company follows its ISO9001 procedures with respect to dispute resolution. Payment refusal would always be a last resort and the company will always seek to avoid legal routes.
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
Strevens Vehicles Holdings Limited is registered as a head office company (SIC 70100) at the same Leicester address as Ford & Slater, a DAF Trucks dealership. Evidence links the entity to the Ford & Slater group, which trades as one of the largest privately owned DAF Trucks dealer groups in Europe, operating sixteen dealerships across the Midlands, East and North of England. The group's activities include new and used truck sales, servicing, truck and trailer parts supply, and finance and leasing options, employing over 750 people group-wide. Strevens Vehicles Holdings itself functions as a holding entity within this dealership group rather than trading directly with customers.
Generated from the company's website and Companies House records. Sources: fordandslater.co.uk · fordandslater.co.uk