BRIGHTON HOVE BUS AND COACH COMPANY LIMITED
Company Information
- Company Number
- 00307468
- Registered Address
- 3rd Floor 41-51 Grey Street, Newcastle Upon Tyne, NE1 6EE
- Status
- Active
- Employee Count
- 1,404
- Turnover
- £97,561,000
- EBITDA
- £18,719,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 November 1935
- Nature of Business
- 49390 - Other passenger land transport
- 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 BRIGHTON & HOVE BUS AND COACH COMPANY LIMITED to pay invoices has fluctuated over the past three periods, with an initial decrease from 2017 to 2019, followed by an increase in 2020 and a slight decrease in 2021 and 2022.
Volatility Analysis
The company's volatility in terms of paying invoices can be seen in the fluctuations in the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. There is also a notable increase in the percentage of invoices not paid within agreed terms in 2021, indicating a decrease in timely payments.
Summary Analysis
The data for BRIGHTON & HOVE BUS AND COACH COMPANY LIMITED shows that there has been a fluctuation in the average time taken to pay invoices over the past three periods. In the initial period from 2017 to 2019, there was an improvement in timely payments, with an increase in the percentage of invoices paid within 30 days. However, there was also an increase in invoices paid later than 60 days. In 2020, there was a significant decrease in timely payments, with an increase in the percentage of invoices paid later than 60 days. In 2021, there was a sharp increase in the percentage of invoices not paid within agreed terms. In the most recent period, there has been a slight improvement in timely payments, but there is still room for improvement.
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 | 29 | 83% | 13% | 4% | 10% |
| 01 Jan 2023 - 01 Jul 2023 | 21 Jul 2023 | 31 | 71% | 25% | 4% | 13% |
| 03 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 35 | 65% | 26% | 9% | 19% |
| 02 Jan 2022 - 02 Jul 2022 | 28 Jul 2022 | 33 | 68% | 28% | 4% | 15% |
| 04 Jul 2021 - 01 Jan 2022 | 25 Jan 2022 | 44 | 27% | 59% | 14% | 31% |
| 03 Jan 2021 - 03 Jul 2021 | 23 Jul 2021 | 56 | 20% | 47% | 33% | 62% |
| 28 Jun 2020 - 02 Jan 2021 | 26 Jan 2021 | 41 | 10% | 82% | 8% | 32% |
| 29 Dec 2019 - 27 Jun 2020 | 17 Jul 2020 | 39 | 16% | 79% | 5% | 23% |
| 30 Jun 2019 - 28 Dec 2019 | 17 Jan 2020 | 36 | 14% | 82% | 4% | 15% |
| 29 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 36 | 12% | 84% | 4% | 17% |
| 01 Jul 2018 - 29 Dec 2018 | 25 Jan 2019 | 35 | 22% | 74% | 4% | 12% |
| 31 Dec 2017 - 30 Jun 2018 | 23 Jul 2018 | 37 | 18% | 76% | 6% | 12% |
| 02 Jul 2017 - 30 Dec 2017 | 26 Jan 2018 | 35 | 37% | 60% | 3% | 15% |
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
Brighton & Hove Bus & Coach Company Limited, 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
Brighton & Hove Bus & Coach Company 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.
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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.
❌
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?
❌
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
Brighton & Hove Bus and Coach Company Limited is a public transport company based in Brighton, England. They provide bus and coach services to the local community and surrounding areas. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes using low-emission buses, promoting the use of public transport to reduce carbon emissions, and implementing recycling and waste reduction measures. They also have a dedicated team that works on continuously improving their sustainability efforts.
The company offers a range of products and services to meet the needs of their customers. This includes single and multi-journey tickets, unlimited travel passes, and specialized services for students, seniors, and disabled passengers. They also offer private hire services for events or group travel.
The key people in the company include Martin Harris, the Managing Director, and Nick Hill, the Head of Operations. They lead a team of over 800 employees who are dedicated to providing safe, reliable, and sustainable transportation services.
The contact information for Brighton & Hove Bus and Coach Company Limited can be found on their website, www.buses.co.uk. Their registered office address is 43 Conway Street, Hove, East Sussex, BN3 3LT.
In summary, Brighton & Hove Bus and Coach Company Limited is a leading public transport company in Brighton, England, with a strong commitment to sustainability. They offer a range of products and services, and are led by a dedicated team of key people. Their contact information can be found on their website.
