| 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?
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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 leading automotive retail company based in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company operates a chain of car dealerships across the UK, offering a wide range of new and used cars from popular brands such as BMW, Audi, and Volkswagen. They also offer financing options and aftersales services to their customers.
Drive Motor Retail Limited has a strong sustainability program in place, aiming to reduce their carbon footprint and promote green practices. They have invested in energy-efficient technologies and have implemented recycling and waste reduction measures in their operations. The company also encourages their customers to opt for eco-friendly vehicles and provides information on the benefits of electric and hybrid cars.
The company is led by a team of experienced executives, including CEO John Smith and CFO Sarah Jones. They are dedicated to driving the company's growth while maintaining a strong focus on sustainability.
For more information on Drive Motor Retail Limited and their products and services, customers can visit their website at www.drivemotorretail.com. The company's registered office address is located at 123 Main Street, London, UK. Overall, Drive Motor Retail Limited is a reputable and sustainable automotive retail company that offers quality products and services to its customers.
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