Score of 94.16/100 qualifies for PaymentCheck Certification
The average time for ADVANTAGE FINANCE LIMITED to pay invoices has remained relatively consistent over the past three periods, fluctuating between 13 and 16 days. However, there has been a slight increase in the average time to pay in the most recent period.
The volatility of the average time to pay and the percentages of invoices paid within 30 days and between 31 and 60 days has been relatively low, with only small fluctuations between 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 Feb 2025 - 31 Jul 2025 | 12 Sept 2025 | 20 | 90% | 10% | 0% | 0% |
| 01 Aug 2024 - 31 Jan 2025 | 26 Feb 2025 | 18 | 91% | 8% | 1% | 0% |
| 01 Feb 2022 - 31 Jul 2022 | 01 Sept 2022 | 13 | 92% | 6% | 1% | 0% |
| 01 Aug 2021 - 31 Jan 2022 | 22 Feb 2022 | 13 | 92% | 7% | 1% | 0% |
| 01 Feb 2021 - 31 Jul 2021 | 20 Aug 2021 | 14 | 91% | 7% | 2% | 0% |
| 01 Aug 2020 - 31 Jan 2021 | 23 Feb 2021 | 14 | 92% | 7% | 0% | 0% |
| 01 Feb 2020 - 31 Jul 2020 | 24 Aug 2020 | 16 | 93% | 6% | 1% | 0% |
| 01 Aug 2019 - 31 Jan 2020 | 13 Feb 2020 | 13 | 95% | 5% | 0% | 0% |
| 01 Feb 2019 - 31 Jul 2019 | 14 Aug 2019 | 14 | 92% | 7% | 1% | 0% |
| 01 Aug 2018 - 31 Jan 2019 | 05 Mar 2019 | 13 | 94% | 5% | 1% | 0% |
| 01 Feb 2018 - 31 Jul 2018 | 03 Oct 2018 | 13 | 93% | 6% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
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
1460
We ask our suppliers to email our accounts department and advise that all queries will be dealt with within 3 days
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
Advantage Finance Limited provides specialist motor finance, arranging credit for customers purchasing vehicles, including those who may have struggled to obtain credit elsewhere. Founded in 1999, the company is a subsidiary of the S&U Group of Companies and is based in Grimsby, employing around 220 people. It focuses on assessing individual circumstances rather than relying solely on credit scores when arranging finance agreements. The company operates within the consumer credit sector, granting loans specifically for motor vehicle purchases rather than general lending.
Generated from the company's website and Companies House records. Sources: advantage-finance.co.uk · advantage-finance.co.uk