FIRST EASTERN COUNTIES BUSES LIMITED

PaymentCheck Score 2025
56Fair
0.3vs last year
#3304 in UK
#194 in Road Travel
#219 in East of England

Company Information

Company Number
00257815
Registered Address
Davey House, 7b Castle Meadow, Norwich, Norfolk, England, NR1 3DE
Status
Active
Employee Count
879
Turnover
£62,683,000
EBITDA
£9,721,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 July 1931
Nature of Business
49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
Industries
Road Travel
Region
East of England

Time to Pay

Average Time to Pay
47 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
30%
31-60 Days
52%
After 60 Days
18%
Not Paid Within Terms3%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-04-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
30 Mar 2025 - 29 Sept 202522 Oct 20254729%54%17%4%
30 Sept 2024 - 29 Mar 202525 Apr 20254730%52%18%3%
26 Sept 2023 - 30 Mar 202415 Apr 20244728%55%17%6%
26 Mar 2023 - 25 Sept 202312 Oct 20234828%50%22%5%
27 Mar 2022 - 26 Sept 202219 Oct 20225021%56%23%5%
01 Apr 2021 - 30 Sept 202126 Oct 20215024%49%27%2%
01 Oct 2020 - 31 Mar 202115 Apr 20215225%42%33%5%
31 Mar 2019 - 30 Sept 201928 Oct 20195621%39%40%3%
01 Apr 2018 - 30 Sept 201829 Oct 20185716%44%40%41%

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

The Company’s standard payment terms are 60 days from date of valid invoice. It is the Group’s policy to agree appropriate payment terms for each transaction or series of transactions, and to abide by those terms on the submission of a valid invoice. The Company regularly agrees variations to the standard terms with individual suppliers depending on the nature of the goods/services and other circumstances.

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

90

Dispute Resolution Process

The Company is committed to dealing with suppliers in a fair, consistent and transparent manner. We seek to resolve any invoice queries as quickly as possible between the Accounts Payable team and the relevant supplier. If a dispute cannot be resolved it is escalated to the relevant Head of Department and Procurement.

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

First Eastern Counties Buses Limited is a bus company based in the United Kingdom, providing transportation services in the East of England. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes the use of low-emission buses, promoting eco-driving techniques, and investing in renewable energy sources for their depots. They also have a recycling scheme in place for their vehicles and offices, and have partnered with local organizations to support community projects.

The company offers a range of products and services, including local and regional bus services, school buses, and coach hire. They also have a mobile app for easy ticket purchasing and journey planning.

The key people at First Eastern Counties Buses Limited include the Managing Director, Operations Manager, and Head of Sustainability. They have a dedicated customer service team that can be contacted for any inquiries or feedback.

Their website address is www.firstgroup.com/easterncounties and their registered office address is First Eastern Counties Buses Limited, 3rd Floor, Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL.

In summary, First Eastern Counties Buses Limited is a sustainable bus company that offers a variety of transportation services. Their commitment to the environment, along with their range of products and services, make them a reliable and responsible choice for public transport in the East of England.

Financial Metrics

Cash
£323,000
Net Worth
£16,332,000
Total Current Assets
£9,759,000
Total Current Liabilities
£9,325,000

Company Location