The average time to pay for LOOKERS BIRMINGHAM LIMITED has increased from 37 days in the first period to 41 days in the third period. This indicates a trend of longer payment times for the company.
The % Invoices paid within 30 days has decreased from 32% in the first period to 25% in the third period. This shows a higher volatility in the company's ability to pay invoices within 30 days.
From the data, it can be seen that LOOKERS BIRMINGHAM LIMITED has experienced a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. This suggests that the company is taking longer to pay its invoices compared to the previous periods.
| 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 2018 - 31 Dec 2018 | 30 Jan 2019 | 39 | 27% | 62% | 11% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 32% | 58% | 10% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
3 days for vehicles from the date of registration. Other suppliers are paid on the last working day of the month following the date of receipt of invoice, however variations to these terms do exist based on agreements with certain suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
62
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to all parties satisfaction prior to payment being made. In the first instance a dispute should be raised with our Accounts Payables teams – each supplier should have those contact details. If appropriate disputes are escalated to our divisional Financial Controllers and our legal department to find a resolution.
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.
✅
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
Lookers Birmingham Limited is a dormant company registered in England, incorporated in 1997. Companies House records its nature of business as SIC code 99999, dormant company, and show its previous name as 452 (Birmingham) Limited, used until 2002. The company is part of the Lookers corporate group, with its registered office at a Lookers group address. No trading activity, products or services are recorded for this entity, and the evidence does not describe any current commercial operations carried out by it.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk