| 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 |
|---|---|---|---|---|---|---|
| 30 Sept 2025 - 28 Mar 2026 | 24 Apr 2026 | 44 | 31% | 60% | 9% | 5% |
| 30 Mar 2025 - 29 Sept 2025 | 22 Oct 2025 | 46 | 30% | 54% | 16% | 3% |
| 30 Sept 2024 - 29 Mar 2025 | 25 Apr 2025 | 45 | 32% | 51% | 17% | 4% |
| 31 Mar 2024 - 29 Sept 2024 | 17 Oct 2024 | 48 | 31% | 52% | 17% | 3% |
| 26 Sept 2023 - 30 Mar 2024 | 15 Apr 2024 | 48 | 29% | 50% | 21% | 7% |
| 26 Mar 2023 - 25 Sept 2023 | 12 Oct 2023 | 47 | 31% | 47% | 22% | 7% |
| 27 Mar 2022 - 26 Sept 2022 | 19 Oct 2022 | 49 | 24% | 52% | 24% | 7% |
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | 48 | 25% | 53% | 22% | 3% |
| 01 Apr 2021 - 30 Sept 2021 | 27 Oct 2021 | 50 | 27% | 44% | 29% | 4% |
| 01 Oct 2020 - 31 Mar 2021 | 15 Apr 2021 | 51 | 28% | 41% | 31% | 3% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 51 | 28% | 38% | 34% | 6% |
| 31 Mar 2019 - 30 Sept 2019 | 28 Oct 2019 | 52 | 28% | 35% | 37% | 4% |
| 01 Oct 2018 - 30 Mar 2019 | 23 Apr 2019 | 52 | 27% | 38% | 35% | 9% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 48 | 23% | 51% | 26% | 38% |
This information is as reported by the business, and responses are in their own words.
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
N/A
Maximum contractual payment period agreed
90
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.
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
First South West Limited is a transportation company based in the South West of England. They provide bus services to various locations in the region and are committed to sustainability and reducing their environmental impact.
Their sustainability program includes initiatives such as using low-emission buses, implementing recycling schemes, and promoting the use of public transportation to reduce carbon emissions. They also have a partnership with local charities and organizations to support community projects and reduce their carbon footprint.
In addition to their sustainability efforts, First South West Limited offers a variety of services and products to their customers. These include bus passes, discounted tickets, and online booking options for convenience. They also have a mobile app that allows customers to track their bus in real-time.
The key people at First South West Limited include the managing director, finance director, and operations director, who work together to ensure the smooth running of the company and the implementation of their sustainability program.
For more information on their services, sustainability efforts, and updates on bus schedules, customers can visit their website at www.firstgroup.com/south-west. Their registered office address is located at FirstGroup plc, 395 King Street, Aberdeen, AB24 5RP, United Kingdom.
In summary, First South West Limited is a transportation company that prioritizes sustainability and provides convenient and eco-friendly bus services to the South West region of England. With their dedicated team and commitment to reducing their environmental impact, they are a leading example of responsible and efficient transportation.
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