GREENHOUS FLEET AND RETAIL LIMITED
Company Information
- Company Number
- 13631304
- Registered Address
- Greenhous Village, Osbaston, Telford, Shropshire, England, TF6 6RA
- Status
- Active
- Employee Count
- 150.0
- Turnover
- 326176000.0
- EBITDA
- 3543000.0
Additional Details
- Website
- https://greenhous.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 20 September 2021
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles
- Industries
- Travel And Transportation
- Region
- West Midlands
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 | 31 Jan 2024 | 32 | 49% | 50% | 1% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 27 | 52% | 47% | 1% | 9% |
Company Summary
GREENHOUS FLEET AND RETAIL LIMITED is a UK-based company that specializes in providing fleet management and retail services
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program includes promoting the use of electric and hybrid vehicles, reducing carbon emissions through efficient logistics and transportation, and implementing recycling and waste reduction measures in their facilities
GREENHOUS FLEET AND RETAIL LIMITED offers a wide range of fleet management services, including vehicle leasing and maintenance, fuel management, and driver safety training
They also have a retail division that provides a variety of products and services such as vehicle sales, spare parts, and accessories
The key people at GREENHOUS FLEET AND RETAIL LIMITED include their Managing Director, who oversees the overall operations of the company, and their Sustainability Manager, who leads the company's sustainability efforts
To contact GREENHOUS FLEET AND RETAIL LIMITED, you can visit their website at www.greenhousfleetandretail.co.uk
Their registered office address is located at Greenhous House, Sitka Drive, Shrewsbury, Shropshire, SY2 6LG, United Kingdom
In summary, GREENHOUS FLEET AND RETAIL LIMITED is a reputable company that offers sustainable fleet management and retail services
With their commitment to sustainability and a wide range of products and services, they are a reliable choice for businesses looking for environmentally-friendly solutions
Company Review
Trend Analysis
The average time taken for GREENHOUS FLEET AND RETAIL LIMITED to pay invoices has increased from 27 days in Jan 2023-Jun 2023 to 35 days in Jan 2024-Jun 2024. This suggests that the company is taking longer to pay their invoices.
Volatility Analysis
The volatility of the company's payment behavior can be seen in the changes in the percentage of invoices paid within 30 days, which has decreased from 52% to 45%. This shows that there is inconsistency in the company's payment patterns.
Summary Analysis
Based on the data, GREENHOUS FLEET AND RETAIL LIMITED has shown a consistent increase in the average time taken to pay invoices over the past three periods. In Jan 2023-Jun 2023, the company paid 52% of invoices within 30 days, but this decreased to 45% in Jan 2024-Jun 2024. The company also had a slight increase in the percentage of invoices paid later than 60 days, from 1% to 1. This suggests that the company may be facing some financial challenges or inefficiencies in their payment processes.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
In line with industry practice, manufacturers insist upon direct access to our bank accounts and they take funds to pay for both vehicles and parts when they fall due. Other suppliers are normally paid in accordance with their terms of trading. Greenhous’s standard terms of trading are 30 days end of month following the month in which the invoice is received. We pay non-vehicle supplies within 30 days of the end of the month in which the invoice is received. The overwhelming majority of supply is from motor manufacturers. Greenhous deals on those manufacturers' standard terms which require payment by direct debit withdrawal from our account within 2-3 working days of invoice date in the vast majority of cases. Other suppliers’ payments are required within 2-3 working days of vehicle registration date on the sale. All vehicle suppliers are paid within 2-3 working days of due date as per standard manufacturers terms. Otherwise our standard trading terms are 30 days from end of the month the invoice is received.
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
60
Dispute Resolution Process
Any dispute is resolved locally between company and the supplier on an individual basis with the primary aim that disputes are settled within 30 days and contractual payment dates where possible.
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.
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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
