Industry ranking
Score of 91.7/100 qualifies for PaymentCheck Certification
| 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 Aug 2023 - 31 Jan 2024 | 21 Feb 2024 | 30 | 96% | 3% | 1% | 3% |
| 01 Feb 2023 - 31 Jul 2023 | 06 Dec 2023 | 42 | 85% | 2% | 13% | 97% |
| 01 Feb 2022 - 31 Jul 2022 | 23 Aug 2022 | 29 | 56% | 34% | 9% | 37% |
| 01 Aug 2021 - 31 Jan 2022 | 22 Mar 2022 | 23 | 78% | 17% | 5% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
42 days from date of receipt
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
60
invoice received from supplier, if invoice does not match expectations, query with relevant department, they then contact the supplier directly to resolve.
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
Drivetech (UK) Limited is a private limited company registered in England, incorporated in 1998 and based in Basingstoke. Companies House records its nature of business under SIC code 85530, described as driving school activities. The company was previously known as Drivetech (UK) PLC between 2006 and 2009 before reverting to its current name. Filing history shows several historic charges, including debentures and rent deposit deeds, most of which have since been satisfied, alongside outstanding charges relating to trade marks and a rent deposit. The company remains active, with accounts and confirmation statements filed up to date according to Companies House records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk