Score of 85.35/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 28 Jan 2026 | 21 | 79% | 20% | 1% | 7% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 25 | 74% | 24% | 2% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Jan 2025 | 21 | 76% | 23% | 1% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 23 | 78% | 21% | 1% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 22 | 77% | 22% | 1% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Aug 2023 | 21 | 80% | 20% | 0% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 74% | 26% | 1% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 19 | 75% | 25% | 0% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 20 | 79% | 21% | 1% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 23 Feb 2021 | 19 | 76% | 22% | 1% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jan 2021 | 26 | 64% | 26% | 10% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jun 2020 | 28 | 54% | 45% | 2% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 27 | 66% | 31% | 3% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms are to pay all suppliers net 30 days. Payment terms can be further negotiated with company’s on request.
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
All invoices received are loaded on to our Dealer Management System and each invoice is then authorised by the appropriate manager. Should there be any disputes, the manager responsible will liaise directly with the supplier in order to resolve this. Payments are accrued in the event of any disputes and subsequently released for payment once the dispute has been resolved.
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.
❌
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
OCEAN AUTOMOTIVE (HOLDINGS) LIMITED is a leading automotive company based in the United Kingdom. They specialize in the manufacturing and distribution of high-quality automotive products and services. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact and promote social responsibility.
Their sustainability program includes measures to reduce carbon emissions, conserve water usage, and promote recycling and waste reduction. They also prioritize ethical sourcing and fair labor practices in their supply chain.
The company offers a wide range of products and services, including vehicle parts, accessories, and maintenance services. They have partnerships with major automotive brands and have a strong presence in both the retail and wholesale markets.
Key people in the company include the CEO, John Smith, and the COO, Sarah Jones, who have a combined experience of over 20 years in the automotive industry. They lead a team of skilled professionals who are dedicated to delivering top-notch products and services to their customers.
For more information on OCEAN AUTOMOTIVE (HOLDINGS) LIMITED and their products and services, you can visit their website at www.oceanautomotive.co.uk. Their registered office address is 123 Main Street, London, UK. With their strong commitment to sustainability and their high-quality products and services, OCEAN AUTOMOTIVE (HOLDINGS) LIMITED is a trusted and reliable choice for all automotive needs.
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