ARNOLD CLARK FINANCE LIMITED.
Company Information
- Company Number
- SC039597
- Registered Address
- 454 Hillington Road, Glasgow, Scotland, G52 4FH
- Status
- Active
- Employee Count
- 715
- Turnover
- £436,400,000
- EBITDA
- £225,900,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 December 1963
- Nature of Business
- 77110 - Renting and leasing of cars and light motor vehicles
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- Scotland
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 07 Feb 2025 | 23 | 68% | 31% | 1% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 24 | 79% | 21% | 0% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 19 | 81% | 19% | 0% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 19 | 78% | 22% | 0% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 15 | 94% | 3% | 3% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 12 | 98% | 2% | 0% | 3% |
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
Arnold Clark Finance 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 the transaction to extended credit terms of up to 60 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
60
Dispute Resolution Process
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 within our Head Office accounts team. Escalation of disputes is co-ordinated by senior members of our accounts team. If the matter cannot be resolved, it would be passed to the relevant Head of Department or Finance Director.
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.
❌
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
Arnold Clark Finance Limited is a UK-based automotive finance company that provides financial services to customers looking to purchase cars. The company was founded in 1954 and has since expanded its operations to become one of the largest privately-owned car dealers in Europe.
The company offers a variety of financial products and services, including personal loans, hire purchase agreements, and leasing options. They work with a wide range of car brands and offer competitive rates to their customers. In addition, they also provide insurance and warranty products for added peace of mind.
Arnold Clark Finance Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They promote the use of electric and hybrid vehicles and have installed charging stations across their dealerships. They also have a recycling program in place to minimize waste and use eco-friendly materials in their operations.
The key people at Arnold Clark Finance Limited include Sir Arnold Clark, the founder of the company, who sadly passed away in 2017, and Eddie Hawthorne, the current CEO. Their experienced team of finance experts work tirelessly to provide customers with the best financial solutions.
Customers can visit the company's website to browse their range of cars and apply for finance online. The website also has a live chat feature for any inquiries, and customers can also contact them through their social media pages. The registered office address for Arnold Clark Finance Limited is 454 Hillington Road, Glasgow, G52 4FH, United Kingdom.
In conclusion, Arnold Clark Finance Limited is a well-established automotive finance company in the UK, offering a range of financial products and services, with a commitment to sustainability. With a strong team of professionals and a user-friendly website, they provide excellent customer service and support to help customers achieve their car ownership goals.
