GREENHOUS GROUP HOLDINGS LIMITED
Company Information
- Company Number
- 05270023
- Registered Address
- Greenhous Village, Osbaston, Telford, Shropshire, England, TF6 6RA
- Status
- Active
- Employee Count
- 1326.0
- Turnover
- 1118443000.0
- EBITDA
- 24379000.0
Additional Details
- Website
- https://www.greenhous.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 26 October 2004
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles$45112 - Sale of used cars and light motor vehicles$45190 - Sale of other motor vehicles$45200 - Maintenance and repair of motor vehicles
- Industries
- Travel And Transportation
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 37 | 45% | 48% | 7% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 44 | 43% | 49% | 8% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 35 | 45% | 47% | 8% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 34 | 51% | 40% | 9% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 09 Feb 2022 | 35 | 50% | 42% | 8% | 28% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 38 | 46% | 43% | 11% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 36 | 49% | 44% | 7% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 39 | 40% | 49% | 11% | 34% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 37 | 46% | 45% | 9% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 36 | 52% | 39% | 9% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 46 | 19% | 66% | 15% | 74% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 48 | 28% | 53% | 19% | 53% |
Company Summary
Greenhous Group (Holdings) Limited is a UK-based company that specializes in providing sustainable solutions for the automotive industry
The company was founded in 2001 and is headquartered in Shrewsbury, Shropshire
The company's sustainability program is focused on reducing their carbon footprint and promoting eco-friendly practices throughout their operations
They have implemented various initiatives such as using renewable energy sources, reducing waste and promoting recycling, and investing in electric and hybrid vehicles for their fleet
Greenhous Group also offers a range of sustainable products and services
They have a wide selection of electric and hybrid vehicles from top brands, as well as eco-friendly alternatives such as biofuel and LPG vehicles
They also provide servicing and maintenance for these vehicles, using sustainable practices
The company is led by a team of experienced and dedicated individuals, including Chairman Keith Telford and Managing Director Derek Passant
They are committed to promoting sustainability and driving the company towards a greener future
Greenhous Group can be contacted through their website, which provides information on their products and services, as well as their sustainability efforts
Their registered office address is Greenhous Group, Vincent House, Oxon Business Park, Shrewsbury, Shropshire, SY3 5AL
In summary, Greenhous Group (Holdings) Limited is a leading company in the UK automotive industry, with a strong focus on sustainability
Through their sustainability program, eco-friendly products and services, and dedicated team, they are making significant strides towards a greener and more sustainable future
Company Review
Trend Analysis
The data shows that over the past three periods, from 2021 to 2023, there has been a consistent trend of improvement in the time taken for GREENHOUS GROUP (HOLDINGS) LIMITED to pay invoices to suppliers. The average time to pay has decreased from 38 days in 2021 to 37 days in 2023. Additionally, the percentage of invoices paid within 30 days has increased from 46% to 45%. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 43% to 48%. Overall, the trend shows a gradual improvement, with the company paying invoices faster and more within the agreed terms.
Volatility Analysis
There is some volatility in the data, particularly in the percentage of invoices paid within 30 days and between 31 and 60 days. For example, in 2021, there was a 6% decrease in the percentage of invoices paid within 30 days compared to the previous period. However, this was followed by a 5% increase in 2022. Similarly, there was a 9% increase in the percentage of invoices paid between 31 and 60 days in 2022, but this was followed by a 2% decrease in 2023. This volatility may indicate some fluctuations in the company's payment processes or changes in supplier relationships.
Summary Analysis
Between 2021 and 2023, GREENHOUS GROUP (HOLDINGS) LIMITED has seen a gradual improvement in their payment processes. The average time to pay has decreased from 38 days to 37 days, and the percentage of invoices paid within 30 days has increased from 46% to 45%. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 43% to 48%. The company's best period for early payment was in 2019, with 52% of invoices paid within 30 days. The worst period for late payment was in 2018, with 19% of invoices paid later than 60 days. It is worth noting that the company has consistently maintained a standard payment period of 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
In line with industry practice, manufacturers insist upon direct access to our bank accounts and they take funds to pay for both vehicles and parts when they fall due. Other suppliers are normally paid in accordance with their terms of trading. Greenhous’s standard terms of trading are 30 days end of month following the month in which the invoice is received. We pay non-vehicle supplies within 30 days of the end of the month in which the invoice is received. The overwhelming majority of supply is from motor manufacturers. Greenhous deals on those manufacturers' standard terms which require payment by direct debit withdrawal from our account within 2-3 working days of invoice date in the vast majority of cases. Other suppliers’ payments are required within 2-3 working days of vehicle registration date on the sale. All vehicle suppliers are paid within 2-3 working days of due date as per standard manufacturers terms. Otherwise our standard trading terms are 30 days from end of the month the invoice is received.
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
60
Dispute Resolution Process
Any dispute is resolved locally between company and the supplier on an individual basis with the primary aim that disputes are settled within 30 days and contractual payment dates where possible.
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?
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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