MOTORLINE HOLDINGS LIMITED
Company Information
- Company Number
- 05478773
- Registered Address
- C/O Marshall Volkswagen Milton Keynes, Greyfriars Court, Milton Keynes, Buckinghamshire, United Kingdom, MK10 0BN
- Status
- Active
- Employee Count
- 3
- Turnover
- Coming Soon
- EBITDA
- £1,133,000
Additional Details
- Website
- https://www.motorline.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 13 June 2005
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Road Travel
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for MOTORLINE HOLDINGS LIMITED to pay invoices has increased from 31 days in Jul 2021 to 52 days in Sep 2023. This indicates a negative trend of delayed payments.
Volatility Analysis
The volatility for the average time taken to pay invoices is relatively low, with only a 7-day increase from 31 days in Jul 2021 to 38 days in Sep 2023.
Summary Analysis
From Jul 2021 to Sep 2023, MOTORLINE HOLDINGS LIMITED has shown a negative trend of delayed payments, with an increase in the average time taken to pay invoices and an increase in the percentage of invoices paid later than 60 days and not within agreed terms. The company has also experienced volatility in these areas, particularly in the percentage of invoices paid later than 60 days and not within agreed terms.
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 Apr 2023 - 30 Sept 2023 | 20 Oct 2023 | 52 | 49% | 32% | 19% | 36% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 53 | 47% | 33% | 19% | 44% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 42 | 48% | 42% | 10% | 44% |
| 01 Jul 2021 - 31 Mar 2022 | 29 Apr 2022 | 31 | 54% | 38% | 8% | 45% |
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
Any other information about payment terms
N/A
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.
❌
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
Motorline Holdings Limited is a UK-based company that operates in the automotive industry. The company was founded in 1972 and is headquartered in Kent, England. It has established itself as a leading player in the industry, with a strong focus on sustainability.
The company's sustainability program includes initiatives to reduce its carbon footprint and promote eco-friendly practices. This includes using energy-efficient lighting and implementing recycling programs at its dealerships. Motorline also partners with local charities and community organizations to support environmental causes.
As a provider of automotive products and services, Motorline offers a wide range of vehicles from popular brands such as Audi, Volkswagen, and Lexus. The company also provides aftersales services, including maintenance, repairs, and parts.
The key people at Motorline Holdings Limited include the CEO, Glen Obee, and the Managing Director, Roy Searle. Both have extensive experience in the automotive industry and have been instrumental in the company's growth and success.
Customers can contact Motorline through their website, which offers a user-friendly interface for browsing and purchasing vehicles and services. The company's registered office address is Motorline Holdings Limited, 6-8 Ashford Road, Bearsted, Maidstone, Kent, ME14 4NH.
Overall, Motorline Holdings Limited is a reputable and sustainable company that offers a wide range of automotive products and services. With a strong commitment to environmental responsibility and an experienced leadership team, the company is well-positioned for continued success in the industry.
