NOTTINGHAM CITY TRANSPORT LIMITED

PaymentCheck Score 2022
76Good
0.2vs last year
#2062 in UK
#121 in Travel And Transportation
#82 in East Midlands

Company Information

Company Number
02004967
Registered Address
Lower Parliament Street, Nottingham, NG1 1GG
Status
Active
Employee Count
1,012
Turnover
£51,734,000
EBITDA
£7,673,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 March 1986
Nature of Business
49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
Industries
Travel And Transportation
Region
East Midlands

Time to Pay

Average Time to Pay
31 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
39%
31-60 Days
61%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-12
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2022 - 30 Sept 202201 Nov 20222854%46%0%0%
01 Apr 2021 - 30 Sept 202129 Oct 20212654%46%0%1%
01 Oct 2020 - 31 Mar 202126 Apr 20212853%46%1%1%
01 Apr 2020 - 30 Sept 202009 Oct 20203347%43%10%4%
01 Apr 2019 - 30 Sept 201916 Oct 20192854%45%1%0%

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

Generally 30 days, but specific suppliers have specific agreements

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

Disputes are generally avoided by disclosure and negotiation. We have had no payment disputes in the period

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

Nottingham City Transport Limited is a public transport company based in Nottingham, UK. The company operates bus services in and around the city, with a focus on providing sustainable and environmentally friendly transportation options.

The company's sustainability program includes initiatives such as using biofuels in their buses, implementing energy-efficient practices in their operations, and reducing their carbon footprint. They also actively encourage the use of public transport in the city to reduce the number of cars on the road.

Nottingham City Transport Limited offers a variety of products and services to their customers, including single and multi-journey tickets, smart cards, and discounted fares for students and seniors. They also have a mobile app that allows customers to plan their journeys, track their buses, and purchase tickets.

The key people at Nottingham City Transport Limited include the Managing Director, David Astill, and the Chairman, Councillor Stephen Battlemuch. The company has over 1,200 employees and prides itself on providing excellent customer service and a safe and reliable transportation experience.

For more information on their services, schedules, and fares, customers can visit their website at www.nctx.co.uk. The registered office address for Nottingham City Transport Limited is Lower Parliament Street, Nottingham, NG1 1GG.

Financial Metrics

Cash
£7,189,000
Net Worth
£13,574,000
Total Current Assets
£13,742,000
Total Current Liabilities
£17,241,000

Company Location