GET MOTORING UK LIMITED

PaymentCheck Score 2023
94Excellent
#566 in UK
#14 in Software
#39 in North West

Company Information

Company Number
05412648
Registered Address
Lookers House 3 Etchells Road, West Timperley, Altrincham, United Kingdom, WA14 5XS
Status
Active
Employee Count
34
Turnover
£82,959,000
EBITDA
£12,180,000

Additional Details

Company Type
Private limited Company
Incorporated On
4 April 2005
Nature of Business
77110 - Renting and leasing of cars and light motor vehicles
Industries
Software,Travel And Transportation
Region
North West

Time to Pay

Average Time to Pay
15 days
Shortest Period:3 days
Longest Period:62 days
Max Contractual:62 days

Payment Timeline

Within 30 Days
84%
31-60 Days
15%
After 60 Days
1%
Not Paid Within Terms3%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-01-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2023 - 30 Jun 202326 Jul 20231587%12%1%2%
01 Jul 2021 - 31 Dec 202128 Jan 20221389%10%1%2%
01 Jan 2021 - 30 Jun 202129 Jul 20212080%17%3%12%
01 Jan 2020 - 30 Jun 202030 Jul 20202166%33%1%18%
01 Jan 2018 - 30 Jun 201830 Jul 20183343%48%9%7%

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

3 days for vehicles from date of registration. Other suppliers 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 information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

62

Dispute Resolution Process

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.

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.

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

Company Summary

GET MOTORING UK LIMITED is a automotive company based in the United Kingdom that specializes in providing a wide range of products and services to its customers. The company is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact.

Their sustainability program includes using eco-friendly materials in their products, implementing energy-efficient practices in their operations, and promoting recycling and waste reduction. The company also offers customers the option to purchase electric and hybrid vehicles, reducing emissions and promoting sustainable transportation.

GET MOTORING UK LIMITED offers a variety of products and services including new and used car sales, car rentals, and vehicle maintenance and repairs. They also provide financing options for customers looking to purchase a vehicle.

The key people at GET MOTORING UK LIMITED include the managing director, sales and marketing director, and the head of operations. They are all experienced professionals in the automotive industry and are committed to providing excellent customer service.

For more information on their products and services, customers can visit their website at www.getmotoringuk.com. The registered office address for GET MOTORING UK LIMITED is 10 Station Road, London, UK. With their focus on sustainability and commitment to providing quality products and services, GET MOTORING UK LIMITED is a trusted choice for customers in the automotive industry.

Financial Metrics

Cash
£5,713,000
Net Worth
£6,304,000
Total Current Assets
£66,384,000
Total Current Liabilities
£40,050,000

Company Location