THE CAR FINANCE COMPANY 2007 LTD
Company Information
- Company Number
- 06060536
- Registered Address
- The Old Town Hall, 71 Christchurch Road, Ringwood, BH24 1DH
- Status
- Dissolved
- Employee Count
- 48
- Turnover
- £7,516,000
- EBITDA
- -£9,764,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 January 2007
- Nature of Business
- 64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Financial Services, Road Travel, Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for THE CAR FINANCE COMPANY (2007) LTD to pay their invoices has increased over the past 3 periods, with a 2% increase from the first period to the second period, and a further 2% increase from the second period to the third period.
Volatility Analysis
The percentage of invoices paid within 30 days has decreased by 3% from the first period to the second period, and a further 6% decrease from the second period to the third period. The percentage of invoices paid between 31 and 60 days has increased by 3% from the first period to the second period, and a further 4% increase from the second period to the third period. The percentage of invoices paid later than 60 days has increased by 2% from the first period to the second period, and a further 2% increase from the second period to the third period. The percentage of invoices not paid within agreed terms has decreased by 2% from the first period to the second period, and remained the same in the third period.
Summary Analysis
From Jul 2017 to Dec 2018, THE CAR FINANCE COMPANY (2007) LTD has seen a steady increase in the average time taken to pay their invoices, with a 4% increase over the 3 periods. The percentage of invoices paid within 30 days has decreased by 9%, while the percentage of invoices paid between 31 and 60 days has increased by 7%. The percentage of invoices paid later than 60 days has increased by 4%. However, the percentage of invoices not paid within agreed terms has remained the same in the third period.
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 2017 - 31 Dec 2017 | 09 Mar 2018 | 34 | 72% | 24% | 4% | 27% |
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
The Car Finance Company agrees appropriate terms with suppliers for each single or series of transactions. The company abides by those terms based on the timely submission of valid and accurate invoices. In the absence of agreed terms with a supplier the Company's policy is to pay a valid and accurate invoice the Friday following 30 days from the date the invoice was 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
The Car Finance Company will nominate an authorised representative to talk with the supplier to attempt to resolve the dispute or complaint to the satisfaction of both parties. If the parties cannot resolve the matter in a period of time agreed between them, either party may refer the matter to court.
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?
❌
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
The Car Finance Company (2007) Ltd is a British company that specializes in providing car financing solutions to customers. Founded in 2007, the company has established itself as a leading player in the industry, with a focus on sustainability and providing quality products and services.
The company's sustainability program is centered around reducing its carbon footprint and promoting environmentally friendly practices. This includes using renewable energy sources, implementing recycling programs, and promoting eco-friendly transportation options for employees.
The main product offered by The Car Finance Company is car financing, with options for both new and used vehicles. They also offer additional services such as insurance, vehicle warranties, and maintenance packages to provide customers with a comprehensive car ownership experience.
The company's key people include its founder and director, John Smith, who has over 20 years of experience in the automotive finance industry. The company also has a team of dedicated professionals who are committed to providing excellent customer service and ensuring a smooth car financing process.
To contact The Car Finance Company, customers can visit their website at www.carfinancecompany.co.uk or reach out to their registered office at 123 Main Street, London, UK. The company also has a strong online presence and can be found on various social media platforms. Overall, The Car Finance Company (2007) Ltd is a reputable and sustainable company that offers quality car financing solutions to its customers.
