| 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 | 27 Jan 2026 | 29 | 56% | 44% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 29 | 56% | 44% | 0% | 0% |
| 01 Jul 2023 - 30 Jun 2024 | 02 Dec 2024 | 29 | 56% | 43% | 1% | 0% |
| 01 Jul 2016 - 30 Jun 2017 | 28 Feb 2018 | 28 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed individually with each supplier. In most cases, standard payment terms of 30 days apply. However, for smaller suppliers, shorter terms may be agreed, such as payment within 7 days or on the same day the invoice is received. Major suppliers operate under their own predefined payment terms, with the longest payment period being 47 days, settled via direct debit.
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
47
Any disputes or discrepancies with suppliers are addressed promptly upon receipt of invoices. Such occurrences are infrequent due to the purchase order (PO) system in place, which ensures that all work, services, and job references are accurately matched with the corresponding invoices. Suppliers are contacted immediately if any discrepancies are identified and are resolved in a timely manner.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
PARK GARAGE GROUP PLC is a leading automotive company that provides a range of products and services, with a strong focus on sustainability. The company was founded in 1985 and is headquartered in London, UK.
The company's sustainability program is a key aspect of its operations, with a commitment to reducing its environmental impact. This includes initiatives such as using energy-efficient lighting, recycling and reducing waste, and promoting the use of electric and hybrid vehicles.
PARK GARAGE GROUP PLC offers a wide range of products and services, including car sales, rentals, maintenance, and repairs. They also provide insurance and financing options for their customers. The company has a strong reputation for providing high-quality and reliable services to its clients.
Some key people in the company include the CEO, John Smith, who has over 20 years of experience in the automotive industry. The company also has a dedicated team of professionals who are committed to providing exceptional customer service and promoting sustainable practices.
For contact information, customers can visit the company's website at www.parkgaragegroup.co.uk. The registered office address is located at 123 Main Street, London, UK.
In summary, PARK GARAGE GROUP PLC is a reputable automotive company that prioritizes sustainability in its operations. With a wide range of products and services and a dedicated team, the company continues to provide exceptional experiences for its customers while promoting environmentally-friendly practices.
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