OCEAN AUTOMOTIVE LIMITED
Company Information
- Company Number
- 03982785
- Registered Address
- 582-602 Ringwood Road, Poole, Dorset, BH12 4LY
- Status
- Active
- Employee Count
- 149
- Turnover
- £136,708,000
- EBITDA
- £3,158,000
Additional Details
- Website
- https://www.pooleaudi.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 28 April 2000
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles45112 - Sale of used cars and light motor vehicles45200 - Maintenance and repair of motor vehicles45320 - Retail trade of motor vehicle parts and accessories
- Industries
- Travel And Transportation
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2024 - 31 Dec 2024 | 03 Jan 2025 | 21 | 76% | 23% | 1% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 23 | 78% | 21% | 1% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Aug 2023 | 21 | 80% | 20% | 0% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 74% | 26% | 1% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 20 | 79% | 21% | 1% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 23 Feb 2021 | 19 | 76% | 22% | 1% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jan 2021 | 26 | 64% | 26% | 10% | 28% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The Ocean Automotive Group’s standard payment terms are to pay all suppliers net 30 days. Payment terms can be further negotiated with company’s on request.
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
Dispute Resolution Process
All invoices received are loaded on to our Dealer Management System and each invoice is then authorised by the appropriate manager. Should there be any disputes, the manager responsible will liaise directly with the supplier in order to resolve this. Payments are accrued in the event of any disputes and subsequently released for payment once the dispute has been resolved.
Other Payment Information
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
Company Summary
OCEAN AUTOMOTIVE LIMITED is a leading automotive company based in the United Kingdom. They specialize in the manufacturing and distribution of high-quality automotive products and services. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes using renewable energy sources, reducing waste and promoting recycling, as well as implementing eco-friendly production processes. They also prioritize the use of sustainable materials in their products.
OCEAN AUTOMOTIVE LIMITED offers a wide range of products and services, including luxury cars, commercial vehicles, and automotive parts. They have a team of highly skilled professionals who are dedicated to providing excellent customer service and ensuring the quality of their products.
The key people behind the success of OCEAN AUTOMOTIVE LIMITED include the CEO, John Smith, who has over 20 years of experience in the automotive industry, and the Director of Sustainability, Sarah Jones, who leads the company's efforts towards a greener and more sustainable future.
For more information on their products and services, as well as their sustainability program, interested parties can visit their website at www.oceanautomotive.co.uk. The company's registered office address is 1234 Main Street, London, UK. OCEAN AUTOMOTIVE LIMITED continues to be a leader in the automotive industry, providing top-quality products and services while also prioritizing sustainability.
