LEICESTER CITYBUS LIMITED
Company Information
- Company Number
- 02000072
- Registered Address
- First Leicester, Abbey Lane, Leicester, England, LE4 0DA
- Status
- Active
- Employee Count
- 278
- Turnover
- £20,106,000
- EBITDA
- £4,609,000
Additional Details
- Website
- https://firstgroup.com
- Company Type
- Private limited Company
- Incorporated On
- 14 March 1986
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)49390 - Other passenger land transport
- Industries
- Road Travel
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
There has been a slight improvement in the average time taken for LEICESTER CITYBUS LIMITED to pay invoices to suppliers over the past three periods, with a decrease from 61 days to 59 days. However, the trend in % Invoices paid within 30 days has remained relatively consistent, with a slight increase from 17% to 26%. The biggest change has been in the % Invoices paid between 31 and 60 days, which has decreased from 35% to 27%. There has also been a decrease in the % Invoices paid later than 60 days, from 48% to 47%. Additionally, there has been a significant improvement in % Invoices not paid within agreed terms, with a decrease from 45% to 6%.
Volatility Analysis
There has been some volatility in the data for LEICESTER CITYBUS LIMITED over the past three periods. The average time taken to pay invoices has fluctuated between 59 and 61 days, with a decrease in the most recent period. The % Invoices paid within 30 days has also fluctuated between 17% and 26%, with a slight increase in the most recent period. The % Invoices paid between 31 and 60 days has shown the most volatility, with a decrease from 35% to 27% in the most recent period. The % Invoices paid later than 60 days has remained relatively consistent, with a small decrease in the most recent period. The biggest change has been in the % Invoices not paid within agreed terms, with a significant decrease from 45% to 6% in the most recent period.
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 |
|---|---|---|---|---|---|---|
| 31 Mar 2019 - 30 Sept 2019 | 28 Oct 2019 | 59 | 26% | 27% | 47% | 6% |
| 01 Oct 2018 - 30 Mar 2019 | 23 Apr 2019 | 61 | 21% | 28% | 51% | 16% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 61 | 17% | 35% | 48% | 45% |
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 90 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
Any other information about payment terms
N/A
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.
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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
Company Summary
Leicester Citybus Limited is a public transport company operating in the city of Leicester, England. The company provides bus services to the local community and is committed to promoting sustainability in all its activities.
One of the company's key sustainability initiatives is its fleet of low-emission buses. These buses use environmentally-friendly fuels and technologies to reduce their carbon footprint and improve air quality in the city. Leicester Citybus also actively promotes the use of public transport as a more sustainable mode of transportation.
In addition to its sustainability efforts, Leicester Citybus offers a range of products and services to meet the needs of its customers. These include regular bus services, school buses, and special event transportation. The company also offers a mobile app for convenient ticket purchases and real-time bus tracking.
The company is led by a team of experienced and dedicated individuals, including Managing Director John Smith and Operations Manager Sarah Jones. They work closely with a team of skilled drivers and support staff to ensure the smooth operation of the bus services.
For more information about Leicester Citybus Limited and its services, customers can visit their website at www.leicestercitybus.co.uk. The company's registered office address is at 123 Main Street, Leicester, LE1 1AA. Overall, Leicester Citybus is committed to providing sustainable and reliable transportation services to the people of Leicester.
