The average time taken for Cathedral Motor Company Limited to pay invoices has been fluctuating between 37-47 days over the past three periods.
The volatility of the % of invoices paid within 30 days has been relatively stable, with a range of 24-38% over the past three periods.
From Jan 2018 - June 2021, Cathedral Motor Company Limited has been consistently paying invoices on average within 37-47 days. The % of invoices paid within 30 days has remained relatively stable at 24-38%, while the % of invoices paid between 31-60 days has been increasing from 54-65%. The % of invoices paid later than 60 days has also been increasing, with the highest being 19% in the period of July 2020 - Dec 2020. This suggests that Cathedral Motor Company Limited may be facing some financial challenges or cash flow issues, resulting in delayed payments to suppliers.
| 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 2022 - 30 Jun 2022 | 29 Jul 2022 | 42 | 25% | 65% | 10% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 41 | 25% | 63% | 11% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 03 Aug 2021 | 37 | 24% | 57% | 19% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 47 | 24% | 57% | 19% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 41 | 28% | 62% | 10% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 20 Aug 2019 | 37 | 38% | 57% | 5% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 38 | 33% | 62% | 5% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 36% | 54% | 10% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Paid 28th of month following invoice date
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
Direct via management teams/accounts
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.
❌
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
CATHEDRAL MOTOR COMPANY LIMITED is a leading automotive company based in the United Kingdom. The company is committed to sustainability and has implemented various measures to reduce their environmental impact.
Their sustainability program includes initiatives such as using renewable energy sources, reducing waste and implementing efficient recycling methods. They also promote sustainable transportation by offering electric and hybrid vehicles in their product line.
CATHEDRAL MOTOR COMPANY LIMITED offers a wide range of products and services, including sales of new and used vehicles, vehicle servicing and maintenance, and financing options. They also provide a range of luxury and high-performance vehicles from renowned brands such as Jaguar, Land Rover, and Aston Martin.
The company is led by a team of experienced and dedicated individuals, including the Managing Director, Sales Director, and Service Director. They are committed to providing excellent customer service and ensuring the company's sustainability goals are met.
To get in touch with CATHEDRAL MOTOR COMPANY LIMITED, individuals can visit their website at www.cathedralmotors.co.uk or contact their registered office at Cathedral Motor Company Limited, 10-14 Lichfield Street, Tamworth, Staffordshire, B79 7QD, UK. Overall, CATHEDRAL MOTOR COMPANY LIMITED is a reputable company that prioritizes sustainability and offers top-quality products and services to its customers.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/03910203" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>