| 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 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 62% | 24% | 14% | 30% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 21 | 69% | 24% | 7% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 17 | 75% | 20% | 5% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 25 | 65% | 30% | 5% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days end of month are given to all suppliers by default
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
35
LSH Auto UK Limited’s core values include trust and integrity. We therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated accounts payable team. LSH Auto UK Limited are striving to employ a strictly no PO no pay policy. The PO number is communicated to the supplier by the business area at the time of placing the order.
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
LSH Auto UK Limited trades as LSH Auto, operating Mercedes-Benz, BYD and smart car dealerships across Greater Manchester, Birmingham and London. Its flagship site in Stockport is described as one of the largest Mercedes-Benz retailers in Europe. The company sells new and approved used cars and vans, and provides aftersales services including servicing, MOTs, repairs, bodywork and paint, parts and accessories. It also acts as a credit broker and insurance intermediary for vehicle finance and cover, being authorised and regulated by the Financial Conduct Authority. It is part of the Lei Shing Hong Group, a long-established international dealership group holding partnerships with Daimler AG brands, and operates seven dealerships in the UK.
Generated from the company's website and Companies House records. Sources: lshauto.co.uk · lshauto.co.uk