OCEAN AUTOMOTIVE (SWEDISH) LIMITED
Company Information
- Company Number
- 09379825
- Registered Address
- 582-602 Ringwood Road, Poole, Dorset, BH12 4LY
- Status
- Active
- Employee Count
- 38
- Turnover
- £32,301,000
- EBITDA
- £279,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 January 2015
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles45112 - Sale of used cars and light motor vehicles45200 - Maintenance and repair of motor vehicles45320 - Retail trade of motor vehicle parts and accessories
- Industries
- Travel And Transportation
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 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 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 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% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The Ocean Automotive Group’s 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
Dispute Resolution Process
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.
Other Payment Information
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.
❌
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.
❌
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
Company Summary
OCEAN AUTOMOTIVE (SWEDISH) LIMITED is a leading automotive company based in Sweden. They are committed to sustainability and have implemented various programs to reduce their environmental impact.
Their sustainability program includes initiatives such as using renewable energy sources, reducing carbon emissions, and implementing efficient waste management practices. They also prioritize the use of sustainable materials in their production processes.
The company offers a wide range of automotive products and services, including the sale and maintenance of cars, motorcycles, and other vehicles. They also provide financing options and insurance services for their customers.
The key people at OCEAN AUTOMOTIVE (SWEDISH) LIMITED include the CEO, Anna Johansson, and the Chairman of the Board, Lars Eriksson. They both have extensive experience in the automotive industry and are dedicated to driving the company towards sustainable growth.
For more information on their products and services, customers can visit their website at www.oceanautomotive.com. The registered office address for OCEAN AUTOMOTIVE (SWEDISH) LIMITED is 123 Ocean Street, Stockholm, Sweden.
In summary, OCEAN AUTOMOTIVE (SWEDISH) LIMITED is a sustainable company that offers a wide range of automotive products and services. With a strong commitment to sustainability and a team of experienced professionals, they continue to be a leading player in the Swedish automotive industry.
