AVAILABLE CAR LIMITED

Company number: 04318082

This report was filed on 31 January 2020

and approved by Simon Proudler

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:
  • within 30 days: 51%
  • in 31 to 60 days: 45%
  • in 61 days or more: 4%

Invoices due but not paid within agreed terms: 4%

Payment terms
Standard payment period for qualifying contracts

60 days

Standard payment terms

Standard payment terms: Payment at the end of the following month from the date of invoice.

Suppliers of vehicles: Payment within 14 days subject to finance clearance

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

General suppliers are paid within 60 days of invoice.

Suppliers of vehicles are paid within 14 days of invoice.

Any other information about payment terms

N/A

Dispute resolution process

If an invoice is disputed the supplier is notified.
In normal circumstances these cases are resolved with either a credit or partial credit. This is usually done within the time frame of the payment period.

Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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.

No

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.

No

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?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No