The average time taken for JOHNSONS CARS LIMITED to pay invoices has increased over the past three periods, going from 3 days in the first period to 5 days in the most recent period. This trend suggests that the company may be taking longer to pay their invoices.
The percentage of invoices paid within 30 days has decreased from 95% in the first period to 85% in the most recent period. This indicates a decrease in prompt payments by JOHNSONS CARS LIMITED. Additionally, the percentage of invoices paid later than 60 days has increased from 0% in the first period to 5% in the most recent period. This suggests that the company may be facing issues with delayed payments.
The data shows a trend of increasing average time taken to pay invoices for JOHNSONS CARS LIMITED over the past three periods. The company has also experienced a decrease in prompt payments and an increase in late payments, as well as consistently having 100% of invoices not paid within agreed terms. This suggests that the company may be facing financial difficulties or inefficiencies in their payment processes.
| 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 2019 - 30 Jun 2019 | 19 Sept 2019 | 3 | 95% | 5% | 0% | 100% |
| 01 Jan 2018 - 31 Dec 2018 | 17 Apr 2019 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
3 days
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
raise with Head Office
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
Johnsons Cars Limited is a UK automotive dealership group trading as Johnsons Cars, incorporated in 1999. It operates a network of dealerships across England, including locations such as Bilston, Birmingham, Coventry, Gloucester, Liverpool, Oxford, Swindon and Wolverhampton, representing brands including Abarth, Alfa Romeo, CUPRA, Fiat, Ford, Honda, Hyundai, Jeep, Mazda, SEAT, ŠKODA, Suzuki and Volkswagen. It sells new and used cars, vans and electric or hybrid vehicles, offers servicing, MOTs and parts, supports Motability leasing, and provides fleet and business vehicle solutions. It also acts as a credit broker for vehicle finance and as an appointed representative for arranging general insurance, being authorised and regulated by the Financial Conduct Authority for these activities.
Generated from the company's website and Companies House records. Sources: johnsonscars.co.uk