Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time to pay for AUTOHORN FLEET SERVICES LIMITED has decreased over the three periods, from 28 days in Jan 2021 to 26 days in Jun 2022. This indicates that the company has been paying their invoices faster over time.
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with a slight decrease from 58% in Jan 2021 to 57% in Jun 2022. However, there has been a larger fluctuation in the percentage of invoices paid between 31 and 60 days, with a high of 45% in Jul 2021 and a low of 35% in Jan 2022. The percentage of invoices paid later than 60 days has also varied, with a high of 7% in Jun 2021 and a low of 2% in Jul 2021.
Over the three periods, AUTOHORN FLEET SERVICES LIMITED has improved their average time to pay by 2 days, from 28 days in Jan 2021 to 26 days in Jun 2022. This improvement is reflected in the decrease in the percentage of invoices paid between 31 and 60 days, from 45% in Jul 2021 to 40% in Jan 2022. However, this improvement seems to have come at the expense of paying invoices within 30 days, with a decrease from 58% in Jan 2021 to 57% in Jun 2022.
| 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 2022 - 30 Jun 2022 | 03 Aug 2022 | 26 | 57% | 40% | 3% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Feb 2022 | 27 | 53% | 45% | 2% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 28 | 58% | 35% | 7% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We have terms which are on day of invoice for the purchase of cars to be delivered/ collected. Otherwise standard terms are 30 days which covers the majority of our supplies
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
Initial queries come to the PL team. If they do not know the reason for the delay they will ask the invoice approver why it remains in query
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
Autohorn Fleet Services Limited, formerly registered as Autohorn Limited until 2016, is a York-based company incorporated in 1995. Companies House records its business as the renting and leasing of cars and light motor vehicles, alongside other unspecified service activities. No further detail on specific fleet management offerings, customer base or scale of operations has been found beyond this classification. The company remains active, with several directors currently in place.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk