EAST YORKSHIRE MOTOR SERVICES LIMITED
Company Information
- Company Number
- 00216628
- Registered Address
- 3rd Floor 41-51 Grey Street, Newcastle Upon Tyne, Tyne & Wear, United Kingdom, NE1 6EE
- Status
- Active
- Employee Count
- 633
- Turnover
- £29,642,000
- EBITDA
- £3,122,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 5 October 1926
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Travel And Transportation
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for EAST YORKSHIRE MOTOR SERVICES LIMITED to pay invoices has decreased over the past 3 periods, from 50 days in the first period to 28 days in the most recent period. This indicates an improvement in the company's efficiency in processing payments.
Volatility Analysis
The volatility in the average time taken to pay invoices has decreased over the past 3 periods, with a decrease of 14 days from the first to the most recent period. This indicates a more stable payment processing system.
Summary Analysis
From 2018 to 2023, EAST YORKSHIRE MOTOR SERVICES LIMITED has shown an improvement in their payment processing, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days.
Performance Reports History
| 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 |
|---|---|---|---|---|---|---|
| 02 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 28 | 90% | 8% | 2% | 6% |
| 01 Jan 2023 - 01 Jul 2023 | 21 Jul 2023 | 29 | 84% | 14% | 2% | 8% |
| 03 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 31 | 72% | 24% | 4% | 12% |
| 02 Jan 2022 - 02 Jul 2022 | 28 Jul 2022 | 33 | 66% | 28% | 6% | 14% |
| 04 Jul 2021 - 01 Jan 2022 | 25 Jan 2022 | 41 | 35% | 54% | 11% | 23% |
| 03 Jan 2021 - 03 Jul 2021 | 23 Jul 2021 | 55 | 24% | 54% | 22% | 58% |
| 28 Jun 2020 - 02 Jan 2021 | 26 Jan 2021 | 46 | 16% | 73% | 11% | 51% |
| 29 Dec 2019 - 27 Jun 2020 | 17 Jul 2020 | 39 | 24% | 68% | 8% | 21% |
| 30 Jun 2019 - 28 Dec 2019 | 17 Jan 2020 | 36 | 31% | 64% | 5% | 16% |
| 29 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 39 | 20% | 71% | 9% | 30% |
| 01 Jul 2018 - 29 Dec 2018 | 25 Jan 2019 | 51 | 8% | 63% | 29% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 50 | 9% | 66% | 25% | 0% |
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
East Yorkshire Motor Services, a subsidiary company of The Go-Ahead Group, follow group policy and agree appropriate terms of payment with suppliers for each transaction or series of transactions, and abide by those terms once suppliers present a valid invoice. The company normally settles trade payables on 30 day terms and these invoices are paid in the week following their due date, however variations to these terms do exist based on agreements with certain suppliers. There have been no changes to the standard payment terms in the reporting period.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
East Yorkshire Motor Services Limited is committed to paying our suppliers in an honest, prompt and professional manner while seeking best value for the business. We endeavour to resolve any invoice queries as quickly as possible, communication between the Accounts Payable team and the relevant supplier is instigated to resolve the matter. In the event that a dispute cannot be resolved by our accounts team, it would be escalated to the Shared Service Manager who will investigate and mitigate the issue.
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
East Yorkshire Motor Services Limited (EYMS) is a bus and coach company based in East Yorkshire, England. Founded in 1926, the company has been providing transportation services to the local community for over 90 years.
Sustainability is a key focus for EYMS, with a commitment to reducing their carbon footprint and promoting sustainable travel options. They have implemented several initiatives, including the use of low-emission buses and promoting the use of public transport to reduce the number of cars on the road.
EYMS offers a variety of services, including local bus routes, school transport, and coach hire for events and excursions. They also have a dedicated team for corporate travel services, providing transport solutions for businesses and organizations.
The company is led by managing director Peter Shipp, who has over 40 years of experience in the transport industry. The team also includes a board of directors and a management team with extensive knowledge and expertise in the sector.
For customer convenience, EYMS has a user-friendly website where users can plan their journey, track buses in real-time, and purchase tickets. They also have a customer service team available to assist with any queries or concerns.
The registered office address for EYMS is located at Anlaby Road, Hull, East Yorkshire, HU3 2QE. Their website address is https://www.eyms.co.uk.
In conclusion, East Yorkshire Motor Services Limited is a well-established and sustainable transportation company offering a range of services to the local community. With a commitment to reducing their environmental impact and a team of experienced professionals, EYMS continues to provide reliable and efficient transportation services to its customers.
