CHANNEL TUNNEL GROUP LIMITEDTHE
Company Information
- Company Number
- 01811435
- Registered Address
- Uk Terminal, Ashford Road, Folkestone, Kent, CT18 8XX
- Status
- Active
- Employee Count
- 0
- Turnover
- £455,335,000
- EBITDA
- £270,467,000
Additional Details
- Website
- https://eurotunnel.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 April 1984
- Nature of Business
- 49390 - Other passenger land transport52219 - Other service activities incidental to land transportation, not elsewhere classified
- Industries
- Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for CHANNEL TUNNEL GROUP LIMITED(THE) to pay invoices to suppliers has generally remained consistent over the past three years. However, there has been a slight decrease in the average time to pay in 2019 compared to 2018, and a slight increase in 2021 compared to 2020.
Volatility Analysis
The percentage of invoices paid within 30 days has remained consistent at around 80-85%, with a slight decrease in 2021. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease in 2020 and an increase in 2021. The percentage of invoices paid later than 60 days has also shown some volatility, with a decrease in 2019 and 2020, followed by an increase in 2021.
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 26 | 87% | 11% | 2% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 27 | 83% | 14% | 3% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 26 | 85% | 13% | 2% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 27 | 84% | 13% | 3% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Aug 2022 | 28 | 83% | 14% | 3% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 30 | 80% | 15% | 5% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 31 | 82% | 12% | 6% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 30 | 84% | 10% | 6% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 26 | 88% | 9% | 3% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 24 | 89% | 9% | 2% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 27 | 81% | 16% | 3% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 30 | 75% | 22% | 3% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 27 | 75% | 22% | 3% | 28% |
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
Our standard payment terms are to pay suppliers within 30 days date of invoice, assuming that the invoice is sent immediately to the Accounts Payable Dpt, quoting a valid PO and that goods or services are delivered in accordance with the purchase order. However payment terms may be negotiated on a case by case basis depending on the commercial situation. Pay-runs are processed once a week and include any item due before the next payment run date.
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
Disputes are handled by the manager of the contract with the support of the Procurement Department and Legal Department if necessary.
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
CHANNEL TUNNEL GROUP LIMITED (THE) is a British company that specializes in the operation and maintenance of the Channel Tunnel, a 50.45-kilometre railway tunnel connecting the UK and France. The company was established in 1986 and is currently owned by a consortium of British and French companies.
The main activities of CHANNEL TUNNEL GROUP LIMITED include the management and operation of the Channel Tunnel, which provides a vital link for transportation of goods and people between the UK and mainland Europe. The company also offers a range of services to its customers, including shuttle services for cars and coaches, freight services, and high-speed passenger trains.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources, implementing energy-efficient technologies, and reducing waste and emissions. CHANNEL TUNNEL GROUP LIMITED also works closely with local communities and stakeholders to ensure responsible and sustainable operations.
The key people at CHANNEL TUNNEL GROUP LIMITED include Chairman Jacques Gounon and CEO Yann Leriche. The company has a dedicated team of over 1,400 employees who work tirelessly to ensure the smooth operation of the Channel Tunnel.
The registered office address of CHANNEL TUNNEL GROUP LIMITED is located at Ashford Road, Folkestone, Kent, CT18 8XX. The company's website is www.eurotunnel.com, where customers can find information about services, booking tickets, and updates on the company's sustainability efforts.
In summary, CHANNEL TUNNEL GROUP LIMITED is a leading company in the transportation industry, providing vital services between the UK and France. With a strong commitment to sustainability and a team of dedicated professionals, the company continues to play a significant role in facilitating international trade and travel.
