Industry ranking
| 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 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 37 | 65% | 21% | 14% | 2% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 26 | 64% | 30% | 6% | 3% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 34 | 54% | 39% | 8% | 5% |
| 01 Apr 2023 - 30 Sept 2023 | 10 Nov 2023 | 32 | 59% | 30% | 11% | 6% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 34 | 52% | 38% | 10% | 7% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 43 | 52% | 37% | 11% | 9% |
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | 32 | 54% | 37% | 9% | 7% |
| 01 Apr 2021 - 30 Sept 2021 | 27 Oct 2021 | 32 | 56% | 33% | 11% | 4% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Apr 2021 | 41 | 47% | 36% | 17% | 5% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 56 | 48% | 20% | 32% | 11% |
| 01 Oct 2019 - 31 Mar 2020 | 17 Jun 2020 | 37 | 53% | 31% | 16% | 8% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 34 | 57% | 29% | 15% | 7% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 32 | 61% | 29% | 10% | 7% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 37 | 56% | 29% | 15% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company’s payment terms vary by supplier and the product or service being provided. Specific agreements are in place which determine the terms available for the purchase of vehicle components which can extend to 60 days credit and for vehicle purchases which range from 3 days to 365 days depending on the manufacturer. The Company accepts the standard credit terms of any suppliers where payment is required to be made by direct debit. Otherwise the standard payment terms of the Company are that invoices will be paid by bank transfer by the end of the month following receipt of the 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
365
The Company operates a centralised purchase ledger function which is the first point of contact in resolving payment disputes. Where that function cannot resolve the dispute directly, the matter is escalated to the appropriate branch manager to resolve. Head office management carry out regular reviews of ongoing disputes. In the interest of building good relationships with our suppliers we aim to resolve any issues in an effective and timely manner.
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
Park's (Ayr) Limited is a Scottish company registered as a dealer in new cars and light motor vehicles. It trades as part of Park's Motor Group, whose website describes itself as offering "New & Used Car Dealers" across Scotland and England and states it is one of the group's largest and most successful motor groups. The group sells new, nearly new and used cars, vans, pick-ups and motorcycles across numerous manufacturer brands, alongside related services such as servicing, MOT booking, parts, body repair and vehicle finance options including PCP, HP, lease and Motability schemes. The registered entity operates within this wider dealership group rather than as a standalone retail brand.
Generated from the company's website and Companies House records. Sources: parks.uk.com