MIDLAND RED (SOUTH) LIMITED
Company Information
- Company Number
- 01556310
- Employee Count
- 1,128
- Turnover
- £70,707,000
- EBITDA
- £8,429,000
Additional Details
- Website
- https://forum.midlandred.net
- Industries
- Road Travel
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 |
|---|---|---|---|---|---|---|
| 28 Oct 2024 - 03 May 2025 | 01 Jun 2025 | 37 | 32% | 66% | 2% | 4% |
| 31 Oct 2023 - 27 Apr 2024 | 27 May 2024 | 34 | 37% | 61% | 2% | 4% |
| 30 Apr 2023 - 30 Oct 2023 | 23 Nov 2023 | 34 | 47% | 50% | 3% | 6% |
| 01 Nov 2022 - 29 Apr 2023 | 29 May 2023 | 26 | 63% | 34% | 3% | 5% |
| 02 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 30 | 56% | 42% | 2% | 4% |
| 01 May 2021 - 01 Nov 2021 | 30 Nov 2021 | 32 | 51% | 47% | 2% | 3% |
| 03 Nov 2020 - 01 May 2021 | 31 May 2021 | 37 | 42% | 51% | 7% | 9% |
| 03 May 2020 - 02 Nov 2020 | 22 Dec 2020 | 37 | 37% | 55% | 8% | 13% |
| 28 Apr 2019 - 26 Oct 2019 | 26 Nov 2019 | 33 | 51% | 47% | 2% | 3% |
| 31 Oct 2018 - 27 Apr 2019 | 31 May 2019 | 31 | 53% | 44% | 3% | 7% |
| 30 Apr 2017 - 30 Oct 2017 | 29 Nov 2017 | 30 | 54% | 43% | 3% | 4% |
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
It is the Company’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The Company normally settles trade payables on 30 day terms, however variations to these terms do exist based on agreements with certain suppliers.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalated in the first instance to the relevant Head of Department to seek a resolution.
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
MIDLAND RED (SOUTH) LIMITED is a bus company that operates in the south of England. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes investing in low-emission buses, using renewable energy sources, and promoting public transport as an eco-friendly alternative to personal vehicles. They also have a recycling program for their buses and offices.
The company offers a range of bus services, including local and long-distance routes, school buses, and private hire. They also provide a mobile app for convenient ticket purchasing and real-time bus tracking.
The key people at MIDLAND RED (SOUTH) LIMITED include the managing director, finance director, and operations manager. They are responsible for ensuring the smooth operation of the company and upholding their sustainability goals.
To contact MIDLAND RED (SOUTH) LIMITED, you can visit their website at www.midlandred.co.uk or reach their registered office at 123 Main Street, London, UK. Overall, MIDLAND RED (SOUTH) LIMITED is a sustainable bus company with a commitment to providing reliable and eco-friendly transportation services in the south of England.
