Industry ranking
The trend for CROSSROADS TRUCK & BUS LIMITED over the past three periods (Jan 2020 - Jun 2022) shows a gradual decrease in the average time taken to pay invoices. The company has also consistently improved in paying invoices within 30 days, with a steady increase from 31% in Jan 2020 to 37% in Jul 2021. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 58% in Jan 2020 to 60% in Jul 2021.
The volatility of CROSSROADS TRUCK & BUS LIMITED's payment patterns has decreased over the past three periods. This can be seen in the steady decrease in the average time taken to pay invoices and the consistent increase in the percentage of invoices paid within 30 days. The company has also maintained a low percentage of invoices not paid within agreed terms.
In the past three periods, CROSSROADS TRUCK & BUS LIMITED has shown a consistent improvement in paying invoices within 30 days. The company has also been able to decrease the average time taken to pay invoices, indicating better payment efficiency. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, which should be monitored to ensure timely payment to suppliers.
| 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 |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 45 | 15% | 78% | 7% | 15% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Oct 2025 | 43 | 15% | 79% | 6% | 14% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Oct 2025 | 36 | 32% | 63% | 5% | 14% |
| 01 Jan 2024 - 30 Jun 2024 | 27 Oct 2025 | 38 | 32% | 61% | 7% | 20% |
| 01 Jul 2023 - 31 Dec 2023 | 03 May 2024 | 39 | 32% | 57% | 11% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 03 May 2024 | 43 | 34% | 49% | 17% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | 39 | 34% | 58% | 8% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jul 2022 | 42 | 35% | 57% | 8% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 31 | 33% | 60% | 7% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 41 | 37% | 54% | 9% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 44 | 31% | 58% | 11% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 46 | 33% | 57% | 10% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 48 | 31% | 58% | 11% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 47 | 27% | 62% | 11% | 21% |
| 01 Jan 2018 - 28 Jun 2018 | 20 Jul 2018 | 47 | 23% | 65% | 12% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from the end of the month following the date of the invoice
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
Invoices are authorised by the management team. Should there be a query on any invoice, detail will be sought, and the supplier informed that the relevant invoice is in query and the reason why. The supplier will then liaise with the relevant manager to resolve the query then if applicable the invoice will be processed for payment.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Crossroads Truck & Bus Limited, previously named Crossroads Commercials Limited, is a Yorkshire-based company registered for the sale of other motor vehicles, maintenance and repair of motor vehicles, and retail trade of motor vehicle parts and accessories. Evidence links the business to the Volvo Trucks UK & Ireland dealer network, appearing as an entry within Volvo's dealer locator. This indicates the company operates as an authorised dealership, supplying, servicing and repairing trucks and buses, and providing associated parts, rather than manufacturing vehicles itself. The company remains active and is registered in West Yorkshire, having traded under its earlier name for over forty years before adopting its current title.
Generated from the company's website and Companies House records. Sources: dealer.volvotrucks.co.uk · find-and-update.company-information.service.gov.uk