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 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 75 | 1% | 14% | 85% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 79 | 1% | 1% | 98% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 79 | 0% | 1% | 99% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 75 | 0% | 14% | 84% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 66 | 1% | 37% | 62% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days from the end of the month in which invoices are received
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
Suppliers may raise disputes by emailing the purchase ledger team who seeks to resolve independently. Where necessary, disputes are escalated to the purchase ledger manager and then to a financial controller. If a dispute is still not resolved, the company will enter into a process of self managed arbitration, involving the senior management of both principals to try and reach a mutually acceptable agreement.
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
United Aftermarket Network Limited is registered for the wholesale trade of motor vehicle parts and accessories. Evidence indicates it is one of the trading groups within Alliance Automotive UK's subsidiary network, alongside GROUPAUTO and CAAR, which together operate as motor factor businesses supplying light and commercial vehicle parts. Alliance Automotive UK itself forms part of the wider Genuine Parts Company group, with operating functions managed centrally while individual subsidiaries retain their own branding and heritage. The entity's specific registered role appears to be as one of these subsidiary trading groups within that centrally managed network, rather than as an independent standalone trading operation.
Generated from the company's website and Companies House records. Sources: fastrads.co.uk · fastrads.co.uk