Industry ranking
| 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 2020 - 30 Jun 2020 | 12 Aug 2020 | 31 | 63% | 33% | 4% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Jan 2020 | 33 | 57% | 34% | 9% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 04 Jul 2019 | 25 | 66% | 32% | 2% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Feb 2019 | 29 | 61% | 35% | 4% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 23 | 59% | 38% | 3% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment by end of month following month of invoice (net monthly)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Disputes are rare but when they arise, initially they are dealt with by the line manager who is responsible for the invoice and then escalated to the next level of management if not resolved
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
Heritage Automotive Limited trades as Heritage Volkswagen and is part of Blade Motor Group Limited. It operates Volkswagen dealerships in Dorchester, Salisbury, Swindon and Yeovil, selling new and approved used Volkswagen cars and vans. The business also provides servicing, MOTs, repairs, body repair work, parts and accessories, and acts as a credit broker offering finance options such as hire purchase and personal contract purchase. It is one of several franchise dealerships within the wider Heritage Franchises group, which also includes Audi, Honda and Skoda outlets. The company has served customers across Dorset, Gloucestershire, Somerset and Wiltshire since 1996, operating as part of a network of seven sites in the South West.
Generated from the company's website and Companies House records. Sources: heritagevolkswagen.co.uk · heritagevolkswagen.co.uk