Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2024 - 30 Sept 2024 | 23 Dec 2024 | 29 | 55% | 41% | 4% | 0% |
| 01 Oct 2023 - 31 Mar 2024 | 27 Dec 2024 | 27 | 56% | 41% | 3% | 5% |
| 01 Oct 2018 - 31 Mar 2019 | 19 Jul 2019 | 37 | 31% | 64% | 5% | 61% |
| 01 Apr 2018 - 30 Sept 2018 | 19 Jul 2019 | 35 | 27% | 66% | 7% | 40% |
| 01 Oct 2017 - 31 Mar 2018 | 02 May 2018 | 39 | 29% | 54% | 17% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The norm is to pay a whole month's invoices at the end of the following month
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
65
Suppliers liaise with our Accounts payable function, any queries are passed to the operational department managers. Any issues that cannot be resolved are then taken over by one of the cmompany directors
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
Midlands Truck and Van Limited is an approved Mercedes-Benz commercial vehicle dealership covering the West Midlands and Shropshire, with sites also extending into the East Midlands and East of England. It sells new and used vans and trucks, including the Mercedes-Benz Sprinter, Vito, Citan, Actros, Arocs, Atego and Econic ranges plus electric variants, alongside FUSO Canter vehicles. The company also provides after-sales services, including servicing, MOTs and parts, both in branch and via an online parts store. It operates across multiple branches including Birmingham, Coventry, Wolverhampton, Wellingborough, Milton Keynes, Boston, Dunstable and Peterborough, and offers financial services and consulting related to vehicle purchase.
Generated from the company's website and Companies House records. Sources: midlandstruckvan.com · midlandstruckvan.com