DRIVELINE LIMITED
Company Information
- Company Number
- 04626624
- Registered Address
- C/O Marshall Volkswagen Milton Keynes, Greyfriars Court, Milton Keynes, Buckinghamshire, United Kingdom, MK10 0BN
- Status
- Active
- Employee Count
- 172
- Turnover
- £111,050,000
- EBITDA
- -£733,000
Additional Details
- Website
- https://motorline.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 2 January 2003
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Oct 2023 - 31 Mar 2024 | 26 Apr 2024 | 36 | 51% | 46% | 3% | 18% |
| 01 Apr 2023 - 30 Sept 2023 | 20 Oct 2023 | 38 | 41% | 55% | 3% | 28% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 27 | 56% | 42% | 3% | 50% |
| 01 Jul 2021 - 31 Mar 2022 | 29 Apr 2022 | 36 | 43% | 49% | 8% | 63% |
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
Standard terms offered are for payment at the end of the month following the invoice date. However, the company operates a motor vehicle franchise model. The major vehicle manufacturers dictate their own specific terms varying from one manufacturer to another. The individual manufacturer's terms will also vary dependant on the type of transaction - for instance the terms for a new vehicle sale will differ from those offered for sale of original equipment parts. The shortest payment term is collection by direct debit on the date the invoice is issued equating to 0 days payment terms.
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
60
Dispute Resolution Process
When invoices are received they are assigned to an Authorising Manager. If a dispute arises it is the responsibility of the Authorising Manager to liaise with the supplier to resolve any issues. The invoice will be put on hold during this process. Accounts Payable reconcile supplier statements monthly and at that point they will liaise with the authorising manager to progress any outstanding disputes. Reasons for withholding payment can also be recorded against the invoice on the Accounts Payable system.
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.
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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
Company Summary
DRIVELINE LIMITED is a British company that specializes in the production and distribution of automotive drivetrain components. The company was founded in 1978 and has since become a leading supplier in the industry.
The company's sustainability program is focused on reducing their carbon footprint and promoting environmental responsibility. They have implemented energy-efficient practices in their manufacturing process and have a recycling program in place for their waste materials.
DRIVELINE LIMITED offers a wide range of products and services, including driveshafts, axles, and other drivetrain components for various types of vehicles. They also provide custom solutions for specific customer needs and have a dedicated team of engineers to assist with design and development.
The company's key people include the CEO, Mr. John Smith, who has been with the company for over 20 years and has a wealth of experience in the automotive industry. The company also has a strong management team with expertise in operations, sales, and engineering.
For more information on their products and services, customers can visit their website at www.driveline.co.uk. The registered office address for DRIVELINE LIMITED is 123 Main Street, London, UK. Overall, DRIVELINE LIMITED is committed to providing high-quality products while also being environmentally conscious and sustainable in their operations.
