The average payment time of 42 days for MOTOR REPAIR NETWORK LTD indicates a consistent trend of payments extending beyond typical 30-day terms. With 49% of invoices settled between 31 and 60 days, the trajectory clearly points towards payments generally occurring in the second month after billing.
While 96% of payments are completed within 60 days, the 16% late payment rate introduces a degree of unpredictability regarding strict adherence to agreed-upon terms. However, the low 4% of payments exceeding 60 days suggests extreme delays are infrequent, offering reasonable reliability for the majority of transactions.
Suppliers should anticipate an average payment cycle of 42 days, with a high probability of settlement within the 31-60 day window. To manage the moderate risk from the 16% late rate, it is advisable to establish clear payment terms reflecting this extended cycle or consider implementing specific late payment clauses.
| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 26 | 83% | 15% | 2% | 8% |
| 01 Apr 2025 - 30 Sept 2025 | 25 Oct 2025 | 31 | 73% | 25% | 2% | 12% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 37 | 54% | 44% | 2% | 12% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 42 | 47% | 49% | 4% | 16% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 41 | 52% | 33% | 15% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 60 days from which the invoice is processed. There are variations on this dependant on the location of the supplier and the type of work undertaken and are agreed with the supplier when their contract is signed.
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
60
The company is committed to dealing with supplier queries in a fair, professional and timely manner. Before an invoice is entered onto the general ledger it was be approved by the appropriate manager. If an invoice is queried it is returned to the supplier by our transactional finance team. The query explanation is logged against the invoice to keep track of progress when reconciling the supplier account. The company has a pool of network managers who will assist with any queries with suppliers.
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
MOTOR REPAIR NETWORK LTD is a private limited company operating within the motor repair sector. Its name suggests it functions as a network or provides services related to coordinating motor vehicle repairs.
Incorporated on 14 June 2011, the company is active under company number 07669533. Its registered office is located at Floor 4, D Mill, Dean Clough Mills, Halifax, England, HX3 5AX, placing its operations within Yorkshire.
Companies operating as a motor repair network in the UK typically specialise in coordinating vehicle repair services. This often involves managing a network of approved garages, handling claims for insurance providers, and ensuring efficient repair processes for vehicle owners.
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