CLOSE BROTHERS VEHICLE HIRE LIMITED
Company Information
- Company Number
- 04263175
- Registered Address
- Lows Lane, Stanton-By-Dale, Ilkeston, Derbyshire, United Kingdom, DE7 4QU
- Status
- Active
- Employee Count
- 115
- Turnover
- £89,229,000
- EBITDA
- £1,226,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 August 2001
- Nature of Business
- 52219 - Other service activities incidental to land transportation, not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for CLOSE BROTHERS VEHICLE HIRE LIMITED to pay invoices has been increasing over the past three periods, with a slight dip in the most recent period.
Volatility Analysis
The percentage of invoices paid within 30 days has been consistently low over the past three periods, with the highest being 26% and the lowest being 9%. The percentage of invoices paid between 31 and 60 days has also been consistently high, with the lowest being 67% and the highest being 82%. The percentage of invoices paid later than 60 days has fluctuated between 7% and 17%, with the highest being in the most recent period.
Summary Analysis
Between Aug 2018 and Jan 2023, CLOSE BROTHERS VEHICLE HIRE LIMITED's average time to pay invoices has increased from 41 days to 44 days. The percentage of invoices paid within 30 days has ranged from 9% to 26%, with the lowest being in the most recent period. The percentage of invoices paid between 31 and 60 days has ranged from 67% to 82%, with the highest being in the most recent period. The percentage of invoices paid later than 60 days has ranged from 7% to 17%, with the highest being in the most recent period. Overall, there has been a consistent trend of late payments and a recent increase in the percentage of invoices paid later than 60 days.
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 Feb 2025 - 31 Jul 2025 | 29 Aug 2025 | 44 | 12% | 83% | 5% | 11% |
| 01 Aug 2023 - 31 Jan 2024 | 27 Feb 2024 | 46 | 13% | 77% | 10% | 16% |
| 01 Feb 2023 - 31 Jul 2023 | 29 Aug 2023 | 44 | 12% | 81% | 7% | 14% |
| 01 Aug 2022 - 31 Jan 2023 | 28 Feb 2023 | 46 | 12% | 78% | 10% | 20% |
| 01 Feb 2022 - 31 Jul 2022 | 26 Aug 2022 | 45 | 11% | 82% | 7% | 15% |
| 01 Aug 2021 - 31 Jan 2022 | 02 Mar 2022 | 49 | 11% | 75% | 16% | 28% |
| 01 Feb 2021 - 31 Jul 2021 | 26 Aug 2021 | 47 | 12% | 76% | 12% | 37% |
| 01 Aug 2020 - 31 Jan 2021 | 26 Feb 2021 | 49 | 9% | 74% | 17% | 48% |
| 01 Feb 2020 - 31 Jul 2020 | 28 Aug 2020 | 47 | 10% | 79% | 11% | 43% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 46 | 19% | 70% | 11% | 37% |
| 01 Feb 2019 - 31 Jul 2019 | 29 Aug 2019 | 43 | 20% | 73% | 7% | 32% |
| 01 Aug 2018 - 31 Jan 2019 | 28 Feb 2019 | 41 | 26% | 67% | 7% | 16% |
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
Close Brothers Vehicle Hire Limited ('CBVHL') agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the Group's policy is to pay within 60 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 60 days from receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
CBVHL and the supplier will first attempt to resolve any dispute by referring it for formal discussions between CBVHL authorised representative and the supplier (both acting reasonably and in good faith). If CBVHL authorised representative and supplier are for any reason unable to resolve the dispute within 14 days of the date of this referral to them, the dispute may be referred to court by either CBVHL or the supplier.
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
Close Brothers Vehicle Hire Limited is a leading vehicle rental company in the UK, offering a range of sustainable products and services. They have a strong focus on sustainability and have implemented various initiatives to reduce their environmental impact.
The company offers a wide range of vehicles for hire, including cars, vans, trucks, and specialist vehicles. They also provide fleet management services, such as maintenance and fuel management, to help businesses efficiently manage their vehicles.
Close Brothers Vehicle Hire Limited is committed to reducing their carbon footprint and promoting sustainable practices. They have a dedicated sustainability program in place, which includes using eco-friendly vehicles, implementing energy-efficient practices, and recycling waste materials. They also offer hybrid and electric vehicles for hire, providing customers with environmentally-friendly options.
The key people at Close Brothers Vehicle Hire Limited include the Managing Director, David Brennan, who has over 25 years of experience in the vehicle rental industry. The company has a team of knowledgeable and experienced staff who are dedicated to providing excellent customer service.
For more information on their products and services, customers can visit their website at www.closebrothersvehiclehire.co.uk. Their registered office address is at 10 Crown Place, London, EC2A 4FT.
In summary, Close Brothers Vehicle Hire Limited is a leading vehicle rental company in the UK, with a strong focus on sustainability. They offer a range of sustainable products and services, including eco-friendly vehicles and fleet management solutions. Their dedicated team and commitment to sustainability make them a reliable and responsible choice for vehicle hire.
