Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 84.73/100 qualifies for PaymentCheck Certification
| 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 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 18 | 88% | 9% | 3% | 26% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 25 | 72% | 18% | 10% | 33% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 26 | 75% | 24% | 1% | 24% |
| 01 Jan 2023 - 01 Mar 2023 | 20 Dec 2023 | 21 | 80% | 20% | 1% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Dec 2023 | 22 | 82% | 16% | 2% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company agrees appropriate terms of payment with each supplier, with 30 days the most commonly used term of payment for the reporting period. Payment is made on the payment run prior to the invoice due date as long as the invoice has been approve. During the reporting period, weekly payment runs were undertaken.
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
The company endeavours to resolve all disputes in a fair and timely manner. Payment date queries will be resolved directly by our accounts team who can be contacted at accounts@autorama.co.uk. Contractual disputes are typically resolved via discussion and agreement between the supplier and the company representative dealing with the particular purchase. Once the issue is resolved, the invoice will be available for payment on the next standard payment run.
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
Autorama UK Ltd is the registered entity trading as Vanarama, a personal and commercial vehicle leasing company. Vanarama arranges leasing of cars, vans and pickup trucks, offering vehicles from a wide manufacturer range for personal and business contract hire, alongside related finance, insurance and maintenance packages. The company started in 2004 and states it now employs around 230 people. It manages the process from vehicle selection through to delivery, and offers ongoing customer support. Vanarama is regulated by the British Vehicle Rental Leasing Association and the Financial Conduct Authority. It has received industry customer service awards and sponsors the Vanarama National League football competition.
Generated from the company's website and Companies House records. Sources: vanarama.com · vanarama.com