Score of 89.65/100 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 2024 - 31 Dec 2024 | 07 Feb 2025 | 15 | 78% | 20% | 2% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 15 | 80% | 19% | 1% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 15 | 81% | 17% | 2% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 15 | 82% | 17% | 1% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 18 | 80% | 15% | 5% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 20 | 69% | 28% | 3% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Arnold Clark Automobiles Limited agrees appropriate payment terms with its suppliers, based on the nature of the transaction. The Company, as standard, pays its suppliers no later than the last day of the month following the month in which the invoice is received. Individual agreements are in place for manufacturer vehicle purchases, depending on the timing and nature of the transaction and the individual manufacturer’s conditions. These can vary from 3 days from the date of first registration to extended credit terms of up to 180 days.
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
180
The Company is committed to dealing with its suppliers in a fair, honest and professional manner as well as pursuing best value for our business. We aim to resolve disputes in a timely manner. Any queries in relation to invoices are initially handled by the supplier’s regular contact at the branch or Head Office. Escalation of disputes is co-ordinated by our Head Office accounts team. If the matter cannot be resolved by our Head Office accounts team, it would be passed to the relevant Head of Department or Manager.
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
Arnold Clark Automobiles Limited is a leading car dealership and automotive services company based in the United Kingdom. Founded in 1954, the company has expanded to become one of the largest independently owned car retailers in Europe.
The company offers a wide range of products and services including new and used car sales, car rentals, repairs and servicing, and financing options. They also provide a variety of car brands and models, catering to different customer needs and preferences.
Arnold Clark is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes investing in energy-efficient facilities, promoting eco-friendly transportation options, and utilizing sustainable materials in their operations.
The company is led by its CEO, Eddie Hawthorne, who has been with the company for over 20 years. He is supported by a team of experienced executives and managers who oversee operations and drive growth.
Customers can contact Arnold Clark through their website, which also features an online car buying service and a comprehensive FAQ section. Their registered office address is 454 Hillington Road, Hillington Park, Glasgow, G52 4FH.
In summary, Arnold Clark Automobiles Limited is a well-established and sustainable company in the automotive industry, offering a wide range of products and services. With a strong leadership team and a commitment to sustainability, the company continues to grow and serve customers across the UK.