PETER VARDY (PERTH) LIMITED

PaymentCheck Score 2021
55Fair
22.3vs last year
#4102 in UK
#265 in Travel And Transportation
#186 in Scotland

Company Information

Company Number
SC301749
Registered Address
Pioneer House Renshaw Place, Holytown, Motherwell, Scotland, ML1 4UF
Status
Dissolved
Employee Count
298
Turnover
£168,009,000
EBITDA
£4,218,000

Additional Details

Company Type
Private limited Company
Incorporated On
4 May 2006
Nature of Business
45111 - Sale of new cars and light motor vehicles
45112 - Sale of used cars and light motor vehicles
Industries
Travel And Transportation
Region
Scotland

Time to Pay

Average Time to Pay
36 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
40%
31-60 Days
58%
After 60 Days
2%
Not Paid Within Terms79%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202131 Jan 20223640%58%2%79%
01 Jan 2021 - 30 Jun 202103 Aug 20213544%54%2%37%
01 Jul 2020 - 31 Dec 202031 Jan 20212467%30%3%25%
01 Jan 2020 - 30 Jun 202010 Aug 20202465%33%2%27%

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

The standard payment terms for the business is monthly. For example, all of the invoices received from suppliers on monthly payment terms in January will be paid by the end of February. This is our standard terms and is how we pay the majority of our suppliers. This means that the standard payment period will be between 30 and 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

On the rare occasions when there is a dispute in relation to the payment of invoices, these disputes will be dealt with through meetings and discussions involving the appropriate people. These people being; the purchase ledger team and the supplier initially, and then if a resolution is not met, the purchase ledger manager will become involved and so on until the situation is resolved. It is the aim to resolve disputes as soon as possible, generally within a few days. There is no specific documentation detailing how disputes are resolved due to disputes being rather infrequent. Each dispute will be dealt with accordingly based on the situation of that particular dispute, there is no blanket process.

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.

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.

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

PETER VARDY (PERTH) LIMITED is a car dealership company based in Perth, Scotland. They offer a wide range of new and used cars from various brands including Ford, Hyundai, and Vauxhall. The company also provides financing options and after-sales services to their customers.

In terms of sustainability, PETER VARDY (PERTH) LIMITED is committed to reducing their environmental impact. They have implemented energy-efficient practices in their showrooms and service centers, as well as promoting the use of electric and hybrid vehicles. The company also works closely with their suppliers to ensure sustainable sourcing of materials.

The key people at PETER VARDY (PERTH) LIMITED include Peter Vardy, the founder and CEO, and his son, Peter Vardy Jr., who serves as the Managing Director. They are supported by a team of experienced and knowledgeable staff who provide excellent customer service.

Customers can contact PETER VARDY (PERTH) LIMITED through their website, which features a live chat option, or by visiting their registered office at Whitefriars Street, Perth, Scotland. The company's website also provides information on their latest offers and promotions, as well as their full range of products and services.

In conclusion, PETER VARDY (PERTH) LIMITED is a reputable car dealership company in Scotland, offering a wide selection of vehicles and excellent customer service. They are also committed to sustainability and reducing their environmental impact. With their experienced leadership and dedicated team, the company continues to thrive in the competitive automotive industry.

Financial Metrics

Cash
£0
Net Worth
£0
Total Current Assets
£0
Total Current Liabilities
£0

Company Location