The data for Motability Operations Group PLC shows a consistent trend of paying invoices within agreed terms, with a slight increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days. There is also a decrease in the average time taken to pay invoices. However, there is a slight increase in the percentage of invoices paid later than 60 days.
The data for Motability Operations Group PLC does not show significant volatility, as the percentages for each category remain relatively consistent over the three periods. However, there is a slight increase in the percentage of invoices paid later than 60 days in the most recent period.
In the most recent period of April 2021 to September 2021, Motability Operations Group PLC had an average time to pay of 5.3 days. This is a slight increase from the previous period. However, there was an improvement in the percentage of invoices paid within 30 days, with 98.9% of invoices being paid on time. There was also a decrease in the percentage of invoices paid between 31 and 60 days, with only 1.1% of invoices falling into this category. The percentage of invoices paid later than 60 days remained at 0%. The data also shows that 99.1% of invoices were paid within agreed terms, which is an improvement from the previous period.
| 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 | 26 Oct 2023 | |||||
| 01 Oct 2022 - 31 Mar 2023 | 09 May 2023 | |||||
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | |||||
| 01 Oct 2021 - 31 Mar 2022 | 11 Apr 2022 | |||||
| 01 Apr 2021 - 30 Sept 2021 | 19 Oct 2021 | |||||
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | |||||
| 01 Apr 2020 - 30 Sept 2020 | 21 Oct 2020 | |||||
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | |||||
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 5 | 99% | 1% | 0% | 2% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 06 Nov 2018 | |||||
| 01 Oct 2017 - 31 Mar 2018 | 24 Apr 2018 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is the Company's policy to pay supplier invoices within the supplier terms and to abide by those terms based on the timely submission of satisfactory invoices. Payment runs are daily and all available invoices for payment will be paid on that day, as long as a valid invoice and banking details are available.
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
30
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries quickly to ensure prompt payment. In the event of an unpaid invoice, the Accounts Payable team will look to resolve and pay the outstanding invoice as quickly as possible, escalating the matter to relevant senior managers as appropriate.
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
MOTABILITY OPERATIONS GROUP PLC is an active public limited company, incorporated on 20 March 2008, based in the London region. Registered business activity: Renting and leasing of cars and light motor vehicles.
From Companies House records.