The average time to pay for Knights North West Limited has increased over the three periods, from 33 days in the first period to 49 days in the third period. This indicates a trend towards longer payment times for the company.
The volatility for Knights North West Limited can be seen through the fluctuation in the percentages of invoices paid within 30 days and later than 60 days. In the first period, 43% of invoices were paid within 30 days, which dropped to 34% in the second period before increasing to 27% in the third period. Similarly, the percentage of invoices paid later than 60 days increased from 9% in the first period to 36% in the third period. This shows a lack of consistency in payment times for the company.
In the first period (Jan 2018 - Jun 2018), Knights North West Limited had an average time to pay of 33 days. 43% of their invoices were paid within 30 days, 48% were paid between 31 and 60 days, and 9% were paid later than 60 days.
| 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 2018 - 31 Dec 2018 | 30 Jan 2019 | 43 | 34% | 43% | 23% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 33 | 43% | 48% | 9% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
3 days for vehicles from the date of registration. Other suppliers are paid on the last working day of the month following the date of receipt of invoice, however variations to these terms do exist based on agreements with certain suppliers.
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
62
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to all parties satisfaction prior to payment being made. In the first instance a dispute should be raised with our Accounts Payables teams – each supplier should have those contact details. If appropriate disputes are escalated to our divisional Financial Controllers and our legal department to find a resolution.
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
Knights North West Limited is a dormant company registered in England, incorporated in 2002. It was originally incorporated under the name Straight-Six BMW Limited before being renamed shortly afterwards. Companies House records list its nature of business under the dormant company classification, indicating it currently carries out no trading activity. Its registered office has been associated with Lookers House addresses linked to the Lookers group, a motor dealership group, suggesting the entity forms part of that wider corporate structure rather than operating independently. No evidence of active trading, products or services was found, and the industry tagging associates the company with automotive dealership activities historically rather than any current operations.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk