Industry ranking
| 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 2021 - 30 Jun 2021 | 28 Jul 2021 | 29 | 56% | 41% | 3% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Dec 2019 | 27 | 61% | 36% | 3% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 27 Jun 2019 | 28 | 60% | 36% | 4% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 28 | 58% | 41% | 1% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30th of the month following the month of invoice
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
90
Dispute resolution should be directed to the trading locations Financial Controller, if the dispute is not suitably addressed at this level escalation should be made to the Group Finance Director.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Drive Motor Retail Limited is a Leicester-based company registered to sell new and used cars and light motor vehicles, alongside maintenance and repair services and retail sale of motor vehicle parts and accessories. It previously traded as Sterling Motor Holdings Limited and, before that, Pinco 1715 Limited, before adopting its current name. The company remains active on the Companies House register, having been incorporated in December 2001. Based on its registered SIC codes, it operates as a motor vehicle dealership offering both sales and aftercare services rather than manufacturing vehicles or acting purely as a distributor.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk