VERTU MOTORS PLC
Company Information
- Company Number
- 05984855
- Registered Address
- Vertu House Fifth Avenue, Team Valley Trading Estate, Gateshead, United Kingdom, NE11 0XA
- Status
- Active
- Employee Count
- 7,729
- Turnover
- £4,763,926,000
- EBITDA
- £87,359,000
Additional Details
- Website
- https://www.vertumotors.com/
- Company Type
- Public limited Company
- Incorporated On
- 1 November 2006
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles70100 - Activities of head offices
- Industries
- Road Travel
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Sept 2024 - 28 Feb 2025 | 06 Jun 2025 | 57 | 27% | 49% | 24% | 31% |
| 01 Mar 2024 - 31 Aug 2024 | 06 Jun 2025 | 54 | 25% | 54% | 21% | 34% |
| 01 Sept 2023 - 29 Feb 2024 | 28 Mar 2024 | 57 | 20% | 52% | 28% | 38% |
| 01 Sept 2022 - 28 Feb 2023 | 29 Mar 2023 | 54 | 17% | 58% | 25% | 38% |
| 01 Mar 2022 - 31 Aug 2022 | 27 Sept 2022 | 50 | 23% | 55% | 22% | 36% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 60 | 19% | 53% | 28% | 39% |
| 01 Mar 2021 - 31 Aug 2021 | 29 Sept 2021 | 53 | 25% | 56% | 19% | 32% |
| 01 Sept 2020 - 28 Feb 2021 | 31 Mar 2021 | 60 | 22% | 48% | 30% | 41% |
| 01 Mar 2020 - 31 Aug 2020 | 23 Sept 2020 | 59 | 16% | 52% | 32% | 49% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 49 | 25% | 58% | 17% | 28% |
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
Manufacturer vehicle purchases are typically paid 3 days from the date of registration but can have longer payment terms depending on specific manufacturer purchase arrangements. Standard terms for other suppliers are for payment to be made on the last working day of the month following the date of receipt of the invoice, although specific terms may exist where agreed 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
Disputed invoices are highlighted as soon as is practicable to the supplier for resolution. We endeavour to resolve the issue as quickly as possible and would, where appropriate, escalate to Account Managers to reach a resolution. When resolved, payment is made as soon as is practicable.
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
VERTU MOTORS PLC is a leading automotive retailer in the UK, with over 150 outlets across the country. The company offers a wide range of new and used cars from popular brands such as Audi, BMW, Ford, and Volkswagen.
In addition to their car sales, VERTU MOTORS PLC also provides aftersales services such as repairs, maintenance, and financing options. They have a dedicated team of professionals who strive to provide excellent customer service and ensure customer satisfaction.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in eco-friendly technologies and are continuously working towards reducing their carbon footprint. VERTU MOTORS PLC also promotes sustainable practices among their employees and partners.
The key people at VERTU MOTORS PLC include CEO Robert Forrester, who has over 20 years of experience in the automotive industry, and CFO Karen Anderson, who has a strong background in finance and accounting.
For any inquiries or assistance, customers can contact VERTU MOTORS PLC through their website, which also provides information on their latest offers and promotions. The registered office address for VERTU MOTORS PLC is Vertu House, Kingsway North, Team Valley, Gateshead, Tyne & Wear, NE11 0JH.
Overall, VERTU MOTORS PLC is a reputable and customer-focused automotive retailer that also prioritizes sustainability. With a wide range of products and services, they are dedicated to providing high-quality and sustainable solutions to their customers.
