| 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 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 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 43 | 52% | 37% | 11% | 9% |
| 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 2019 - 30 Sept 2019 | 24 Oct 2019 | 34 | 57% | 29% | 15% | 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 car dealership and service center based in Ayr, Scotland. Established in 1976, the company has been providing a wide range of automotive products and services to customers in the local community and beyond.
The company is committed to sustainability and has implemented various initiatives to reduce its carbon footprint. This includes investing in energy-efficient technologies and promoting the use of electric and hybrid vehicles. PARK'S (AYR) LIMITED also has a recycling program in place to properly dispose of waste materials.
Their product range includes new and used cars from top brands such as BMW, Jaguar, and Land Rover. They also offer a variety of services such as vehicle maintenance, repairs, and financing options.
The company is led by a team of experienced and knowledgeable professionals, including Managing Director Ross Park and Director Graeme Park. They strive to provide exceptional customer service and ensure the highest quality standards in all their products and services.
PARK'S (AYR) LIMITED can be contacted through their website, which also features a comprehensive inventory of their available vehicles. The company's registered office address is at 14/18 Green Street Lane, Ayr, KA8 8BE. With its commitment to sustainability and excellent customer service, PARK'S (AYR) LIMITED continues to be a trusted and reputable name in the automotive industry.