VOLVO CAR FINANCIAL SERVICES UK LIMITED
Company Information
- Company Number
- 12718441
- Registered Address
- Scandinavia House, Norreys Drive, Maidenhead, Berkshire, United Kingdom, SL6 4FL
- Status
- Active
- Employee Count
- 34.0
- Turnover
- 43311000.0
- EBITDA
- 43539000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 July 2020
- Nature of Business
- 64910 - Financial leasing$64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Financial Services,Travel And Transportation
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 02 Feb 2024 | 3 | 100% | 0% | 0% | 0% |
Company Summary
VOLVO CAR FINANCIAL SERVICES UK LIMITED is the financial arm of the well-known Swedish automaker, Volvo
The company specializes in providing financial services and solutions to its customers in the UK
Their sustainability program is a key aspect of their operations, with a focus on reducing their environmental impact and promoting sustainable practices
They have committed to reducing their carbon footprint through various initiatives, such as using renewable energy sources, promoting eco-friendly vehicles, and implementing waste reduction measures
In terms of products and services, VOLVO CAR FINANCIAL SERVICES UK LIMITED offers a range of financing options for both individuals and businesses
These include leasing, loans, and insurance plans, making it easier for customers to purchase or lease a Volvo vehicle
They also have a loyalty program, which offers benefits and rewards to loyal customers
The company is led by a team of experienced professionals, with Mark White as the Managing Director
Under his leadership, the company has continued to grow and expand its operations in the UK market
For those looking to contact VOLVO CAR FINANCIAL SERVICES UK LIMITED, their website is the best point of reference
It provides detailed information about their products and services, as well as contact details for customer support
Their registered office address is at 3 Princess Way, Redhill, Surrey, RH1 1SR
In conclusion, VOLVO CAR FINANCIAL SERVICES UK LIMITED is a reputable and sustainable financial services company, offering a range of products and solutions to support the customers of Volvo vehicles
With a strong focus on sustainability and a team of experienced leaders, the company is well-positioned to continue its success in the UK market
Company Review
Trend Analysis
The trend for Volvo Car Financial Services UK Limited is generally positive as the average time to pay has decreased from 3.5 days in the period of July 2022 to December 2022 to 2.5 days in the period of January 2023 to June 2023. Additionally, the percentage of invoices paid within 30 days has remained consistently at 100% for the past two periods.
Volatility Analysis
The volatility for Volvo Car Financial Services UK Limited is relatively stable as there have not been significant changes in the average time to pay or the percentage of invoices paid within 30 days in the past three periods.
Summary Analysis
From July 2022 to December 2022, Volvo Car Financial Services UK Limited had an average time to pay of 3.5 days with 90% of invoices paid within 30 days. In the following period of January 2023 to June 2023, the average time to pay decreased to 2.5 days while maintaining a 100% rate of invoices paid within 30 days. This trend of improvement in payment efficiency is a positive sign for the company.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Volvo Car Financial Services UK Limited payment terms are 30 days. There are no contracts for which there are longer payment terms and there have been no changes to this arrangement in the period
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
If a supplier has a dispute regarding payment, there is an established escalation and investigation process in place. Should the supplier remain unhappy at the outcome of the initial escalation and investigation, they can refer the matter to an independent body. Information regarding this process is included in the standard contract terms.
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.
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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
