FIRST ESSEX BUSES LIMITED
Company Information
- Company Number
- 01961457
- Registered Address
- Bus Depot, Westway, Chelmsford, Essex, CM1 3AR
- Status
- Active
- Employee Count
- 1,008
- Turnover
- £63,522,000
- EBITDA
- £3,878,000
Additional Details
- Website
- https://firstgroup.com
- Company Type
- Private limited Company
- Incorporated On
- 19 November 1985
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Road Travel
- Region
- East of England
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 |
|---|---|---|---|---|---|---|
| 30 Mar 2025 - 29 Sept 2025 | 22 Oct 2025 | 47 | 26% | 59% | 15% | 2% |
| 30 Sept 2024 - 29 Mar 2025 | 25 Apr 2025 | 47 | 27% | 58% | 15% | 3% |
| 26 Sept 2023 - 30 Mar 2024 | 15 Apr 2024 | 49 | 25% | 55% | 20% | 5% |
| 26 Mar 2023 - 25 Sept 2023 | 12 Oct 2023 | 50 | 25% | 51% | 24% | 5% |
| 27 Mar 2022 - 26 Sept 2022 | 19 Oct 2022 | 51 | 20% | 56% | 24% | 3% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 52 | 21% | 48% | 31% | 2% |
| 01 Oct 2020 - 31 Mar 2021 | 15 Apr 2021 | 52 | 22% | 47% | 31% | 2% |
| 31 Mar 2019 - 30 Sept 2019 | 28 Oct 2019 | 57 | 20% | 40% | 40% | 3% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 57 | 16% | 44% | 40% | 43% |
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
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
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
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.
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
First Essex Buses Limited is a public transportation company based in the United Kingdom. The company operates bus services in and around Essex, serving over 350 routes and connecting major towns and cities.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include using low emission buses, implementing energy-efficient driving practices and promoting the use of public transportation to reduce carbon emissions.
First Essex Buses Limited offers a wide range of products and services to meet the diverse needs of its customers. These include single and multi-journey tickets, mobile ticketing options, and passes for frequent travelers. The company also offers special services for students, seniors, and disabled passengers.
The key people at First Essex Buses Limited include managing director, Paul Thomas, and operations director, David Jordan. They lead a team of over 2,000 employees, including bus drivers, maintenance staff, and customer service representatives, who ensure the smooth operation of the company.
For any inquiries, customers can contact First Essex Buses Limited through their website, which also provides a journey planner and real-time bus tracking. The company's registered office address is First Essex Buses Limited, 3rd Floor, 41-51 Grey Street, Newcastle upon Tyne, NE1 6EE.
In summary, First Essex Buses Limited is a sustainable and customer-focused transportation company, providing reliable and efficient bus services in the Essex region. With a dedicated team and a range of products and services, the company strives to meet the transportation needs of the local community while minimizing its environmental impact.
