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Train Travel Payment Practices Report 2024

•By PaymentCheck•Reports

UK Train Sector Outpaces National Payment Average, But Wide Disparities Persist

The Numbers

  • Companies Analysed: 9
  • Average PaymentCheck Score: 62.5/100
  • UK Average (all sectors): 50.0/100
  • Train Sector Average Above UK Average: 12.5 points
  • Highest PaymentCheck Score: 84.4/100 (Merseyrail Electrics 2002 Limited)
  • Lowest PaymentCheck Score: 34.9/100 (Hitachi Rail Limited)
  • Regional average payment score varies by nearly 36 points.

What Stands Out

While the UK train travel sector's average payment score of 62.5/100 beats the national average of 50, a significant disparity exists, with some companies lagging far behind. The difference between the top payer (Merseyrail at 84.4) and the bottom payer (Hitachi Rail at 34.9) is nearly 50 points, suggesting wildly different approaches to supplier payments within the industry.

Best Payers

  1. MERSEYRAIL ELECTRICS 2002 LIMITED - 84.4/100
  2. EUROSTAR INTERNATIONAL LIMITED - 84.2/100
  3. TRANSPORT UK EAST ANGLIA LIMITED - 77.6/100
  4. XC TRAINS LIMITED - 73.9/100
  5. GRAND CENTRAL RAILWAY COMPANY LIMITED - 61.75/100

Worst Payers

  1. HITACHI RAIL LIMITED - 34.9/100
  2. SIEMENS MOBILITY LIMITED - 44.07/100
  3. UNIPART RAIL LIMITED - 49.1/100
  4. THE CHILTERN RAILWAY COMPANY LIMITED - 52.65/100
  5. GRAND CENTRAL RAILWAY COMPANY LIMITED - 61.75/100

Regional Patterns

The North West, solely represented by Merseyrail Electrics 2002 Limited, has the highest average payment score at 84.4, contrasting sharply with the South East's average of 49.1, suggesting payment performance might be linked to regional operational structures or specific company policies. It's worth noting that Grand Central Railway appears in both top and bottom five lists. late payment calculator

The train travel sector payment data shows that you are likely to experience a wait on your invoice, make sure you use a late payment calculator to reclaim interest on late payments.

The 49.5 point gap between Merseyrail Electrics' (84.4) and Hitachi Rail's (34.9) payment scores highlights the considerable spectrum of payment behaviours within the UK train sector.