| 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 2024 - 30 Jun 2024 | 31 Jul 2024 | 124 | 4% | 23% | 71% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 117 | 3% | 26% | 71% | 27% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Jul 2023 | 115 | 3% | 25% | 72% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Aug 2022 | 101 | 3% | 22% | 75% | 53% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 92 | 3% | 28% | 69% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 83 | 3% | 33% | 64% | 45% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 78 | 3% | 27% | 70% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 75 | 3% | 34% | 63% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 76 | 4% | 32% | 64% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 74 | 3% | 33% | 64% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 72 | 2% | 18% | 80% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 12 to 365 days from date of invoice depending on the suppliers
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
362
Suppliers may raise disputes by emailing the purchase ledger team who seeks to resolve independently. Where necessary, disputes are escalated to the purchase ledger manager and then to a financial controller. If a dispute is still not resolved, the company will enter into a process of self managed arbitration, involving the senior management of both principals to try and reach a mutually acceptable agreement.
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
Ferraris Piston Service Limited trades as Alliance Automotive Logistics (AAL), formerly known as FPS Distribution. It operates as the distribution arm of Alliance Automotive Group UK & IE, supplying automotive aftermarket parts to motor factors and garages across the UK and Ireland. The business is headed by a National Distribution Centre in Rotherham, supporting a network of over 20 Regional Distribution Centres, around 3,000 motor factors and more than 40,000 garages. It provides access to over 410 suppliers and brands, alongside sales, customer service, technical support and eCommerce ordering portals. Its origins in the automotive parts trade date back to 1934, though the company was incorporated in 2001.
Generated from the company's website and Companies House records. Sources: fpsdistribution.com · fpsdistribution.com