Score of 95.05/100 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 | 30 Jan 2026 | 15 | 98% | 1% | 1% | 13% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 16 | 92% | 6% | 2% | 13% |
| 01 Jul 2024 - 31 Dec 2024 | 10 Mar 2025 | 23 | 83% | 16% | 1% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 18 | 80% | 16% | 4% | 26% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 15 | 76% | 18% | 6% | 30% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 73% | 7% | 20% | 35% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 36 | 60% | 24% | 16% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 20 | 90% | 9% | 1% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 29 | 78% | 15% | 7% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 25 | 84% | 14% | 2% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 79% | 17% | 4% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 29 | 68% | 28% | 4% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
MotoNovo Finance Limited agrees appropriate terms of payment with suppliers for each transaction or series of transactions and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the MotoNovo’s policy is to pay within 30 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 30 days from receipt of a valid invoice.
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
30
MotoNovo Finance Ltd.’s process of dealing with potential queries begins by contracting the representative who originally approved the service or goods to be provided. In addition, the Accounts Payable Department can assist by email (suppliers@motonovofinance.com) or phone (01189 556833). Should the query still not be resolved, it will be referred to the Director of Central Finance for further consideration.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MOTONOVO FINANCE LIMITED is a leading automotive finance company based in the United Kingdom. They offer a range of financial services for both consumers and businesses, with a strong focus on sustainability.
Their sustainability program includes initiatives to reduce their carbon footprint, promote ethical and responsible business practices, and support local communities. They have also implemented a paperless document system and encourage the use of electric vehicles within their company.
The company's main products and services include vehicle financing, personal loans, and insurance solutions. They work with a wide range of car dealerships and manufacturers to provide competitive financing options for their customers.
The key people at MOTONOVO FINANCE LIMITED include CEO Mark Standish, who has over 30 years of experience in the financial services industry. The company also has a dedicated team of sustainability experts who are committed to promoting environmentally friendly practices within the company.
For further information, customers can visit their website at https://www.motonovofinance.com/ or contact them at their registered office address: St William House, Tresillian Terrace, Cardiff, CF10 5BH. Overall, MOTONOVO FINANCE LIMITED is a reputable and sustainable company that offers a wide range of financial services for the automotive industry.
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