| 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 Jan 2017 - 31 Dec 2017 | 30 Jul 2018 | 29 | 58% | 30% | 12% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business is car dealerships. Payment terms on cars relate to the date they are sold so anywhere between 1 and 360 days. Used car purchases have a one day payment terms. Parts 7 days, other purchases 45 day average.
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
45
Disputes will be dealt initially by general managers with escalation to the financial controller and further to the financial director
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
Thurlow Nunn Limited is a UK company registered in Cambridgeshire, incorporated in 2005 and currently active. According to its registered business classification, it operates in the retail motor trade, covering the sale of new and used cars and light motor vehicles, vehicle maintenance and repair, and the retail sale of motor vehicle parts and accessories. The company therefore functions as an automotive dealership and servicing operation rather than a manufacturer or distributor of vehicles. No further detail on trading brands, locations or specific vehicle marques is available from the evidence supplied, and the associated web domain found in research was an unrelated parked page providing no additional company information.
Generated from the company's website and Companies House records.