Score of 96.3/100 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 |
|---|---|---|---|---|---|---|
| 30 Sept 2025 - 29 Mar 2026 | 27 Apr 2026 | 12 | 99% | 1% | 0% | 15% |
| 31 Mar 2025 - 29 Sept 2025 | 28 Oct 2025 | 12 | 97% | 2% | 1% | 12% |
| 01 Oct 2024 - 30 Mar 2025 | 29 Apr 2025 | 14 | 97% | 2% | 1% | 12% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 15 | 92% | 6% | 2% | 16% |
| 02 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 7 | 98% | 2% | 0% | 9% |
| 03 Apr 2023 - 01 Oct 2023 | 31 Oct 2023 | 8 | 95% | 3% | 2% | 11% |
| 03 Oct 2022 - 02 Apr 2023 | 28 Apr 2023 | 8 | 94% | 5% | 1% | 14% |
| 04 Apr 2022 - 02 Oct 2022 | 31 Oct 2022 | 9 | 91% | 7% | 2% | 17% |
| 29 Sept 2021 - 03 Apr 2022 | 29 Apr 2022 | 8 | 94% | 4% | 2% | 7% |
| 29 Mar 2021 - 28 Sept 2021 | 28 Oct 2021 | 8 | 95% | 4% | 1% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
5 Days - Vehicles purchased via self-billing 30 Days - Most external suppliers, however some suppliers are on shorter payment terms. Shorter payment terms tend to be for recruiters/contractors and marketing. Direct Debit - Some vendors are paid via Direct Debit and will therefore affect the average time to pay.
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
In the case of a dispute of over charges, when the invoice is sent for approval in the business, the invoice is not approved and the individual responsible will raise the issue with the supplier with a view to either approve the invoice if the costs are in fact valid, receive a credit note or escalate the issue where necessary.
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
CINCH CARS LIMITED is a leading car buying and selling platform based in the UK. The company aims to provide a seamless and hassle-free experience for customers looking to buy or sell their cars.
One of the key focuses of CINCH CARS LIMITED is sustainability. The company has implemented various initiatives to reduce its environmental impact, such as using eco-friendly packaging and promoting car sharing. They also offer a range of electric and hybrid vehicles on their platform, encouraging customers to make more sustainable choices.
CINCH CARS LIMITED offers a wide range of products and services, including buying and selling used cars, financing options, and car warranties. They also provide a free car valuation service, making it easier for customers to get an accurate price for their vehicle.
The company is led by a team of experienced and knowledgeable individuals, including CEO Ashley Andrew and Chief Marketing Officer Leon Van Schie. They are committed to providing excellent customer service and constantly improving the company's operations.
CINCH CARS LIMITED can be contacted through their website, which also serves as their online marketplace for buying and selling cars. Their registered office address is 2 Pentonville Road, London, N1 9JE, United Kingdom.
In summary, CINCH CARS LIMITED is a sustainable and customer-focused car buying and selling platform offering a wide range of products and services. With their experienced team and commitment to sustainability, the company continues to grow and provide a convenient and environmentally-friendly option for car buyers and sellers in the UK.
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