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Their own payment-practices filing · gov.uk

The Car Finance Company (2007) Ltd paid suppliers in 34 days on average — 4 days past its stated terms

CRN 06060536 · 1 statutory report on record · period to 31 Dec 2017

Dated record. The latest report covers a period ending 31 Dec 2017 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
34daysavg time to pay · H2 2017

Their H2 2017 filing put the average 4 days past the 30-day term they state.

Their stated terms
30 days
Paid outside agreed terms
27% of invoices
Paid after 61+ days
4%
Reporting period
1 Jul 2017 – 31 Dec 2017
Source
their gov.uk filing, filed 9 Mar 2018

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H2 2017 filing

Paid 4 days past their stated terms

The read · computed from their figures

The Car Finance Company (2007) Ltd's H2 2017 filing put their average at 34 days against stated terms of 30 days; 27% of invoices were paid outside agreed terms and 4% took 61 days or longer. Filed 9 Mar 2018.

That is one statutory period on record (earliest H2 2017) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

The Car Finance Company agrees appropriate terms with suppliers for each single or series of transactions. The company abides by those terms based on the timely submission of valid and accurate invoices. In the absence of agreed terms with a supplier the Company's policy is to pay a valid and accurate invoice the Friday following 30 days from the date the invoice was received.

Dispute resolution

The Car Finance Company will nominate an authorised representative to talk with the supplier to attempt to resolve the dispute or complaint to the satisfaction of both parties. If the parties cannot resolve the matter in a period of time agreed between them, either party may refer the matter to court.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20173427%4%9 Mar 2018

Illustrative · working-capital arithmetic

What a 34-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 34-day vs a 30-day payment cycle.

≈ £13,500
of invoicing outstanding at any one time on a 34-day cycle — about £1,600 more than the same account would carry at 30-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · The Car Finance Company (2007) Ltd

What's their typical pay point?
Their latest reports averaged around day 34. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-06060536 · latest period to 31 Dec 2017

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