Industry ranking
Score of 86.2/100 qualifies for PaymentCheck Certification
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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
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.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
East Yorkshire Motor Services Limited, incorporated in 1926, operates bus services under the East Yorkshire brand across Hull, East Yorkshire, Scarborough and York, carrying tens of thousands of passengers daily. Its network covers urban, suburban and rural routes, including services to hospitals, tourist attractions and business parks, along with open-top tours and park-and-ride operations. The company also runs a driver training academy providing CPC training for PCV and LGV drivers, and offers on-bus advertising and workplace travel schemes. It forms part of the Go-Ahead Group, a wider transport group, with the registered entity operating as the regional bus operating company within that group rather than the group itself.
Generated from the company's website and Companies House records. Sources: eastyorkshirebuses.co.uk · eastyorkshirebuses.co.uk · eastyorkshirebuses.co.uk