Industry ranking
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 holding company, registered under SIC code 70100 for head office activities, within a group that trades as Van Mossel Ocean. The wider group operates Audi and Volvo dealerships across Dorset and Somerset, selling new and approved used cars and providing manufacturer-approved servicing, repairs and parts. It also runs accident repair centres in Poole and Yeovil. The group acts as a credit broker introducing customers to vehicle finance lenders, including Volkswagen Financial Services and Volvo Car Financial Services UK. As a holding entity, this registered company itself does not trade directly with customers but sits above the operating dealership and repair businesses within the group.
Generated from the company's website and Companies House records. Sources: oceanautomotive.co.uk · oceanautomotive.co.uk