CINCH CARS LIMITED
Company Information
- Company Number
- 11520330
- Registered Address
- Form 2, 18 Bartley Wood Business Park, Bartley Way, Hook, Hampshire, United Kingdom, RG27 9XA
- Status
- Active
- Employee Count
- 471
- Turnover
- £1,013,618,000
- EBITDA
- -£158,558,000
Additional Details
- Website
- https://www.cinch.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 August 2018
- Nature of Business
- 45112 - Sale of used cars and light motor vehicles
- Industries
- Financial Services,Software,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- South East
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 |
|---|---|---|---|---|---|---|
| 31 Mar 2025 - 29 Sept 2025 | 28 Oct 2025 | 12 | 97% | 2% | 1% | 12% |
| 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 Mar 2021 - 28 Sept 2021 | 28 Oct 2021 | 8 | 95% | 4% | 1% | 15% |
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
5 Days - Vehicles purchased via self-billing (from 3P dealers) 30 Days - Most external suppliers, however some suppliers are on shorter payment terms. Shorter payment terms tend to be for recruiters/contractors and marketing.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
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.
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
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.
