FIRSTGROUP HOLDINGS LIMITED
Company Information
- Company Number
- 02029363
- Registered Address
- 8th Floor The Point, 37 North Wharf Road, London, United Kingdom, W2 1AF
- Status
- Active
- Employee Count
- 60
- Turnover
- Coming Soon
- EBITDA
- £17,647,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 June 1986
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 42 | 49% | 26% | 25% | 62% |
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.
❌
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
FIRSTGROUP HOLDINGS LIMITED is a leading transport operator in the UK and North America. They provide a wide range of services, including bus and rail operations, as well as school and employee transportation.
In terms of sustainability, FIRSTGROUP has a strong commitment to reducing their environmental impact. They have implemented various initiatives such as using electric, hybrid, and low-emission vehicles, and investing in renewable energy sources. They have also set targets to reduce their carbon emissions and waste production.
One of their key products is their bus service, with over 5,700 vehicles operating in the UK alone. They offer a convenient and affordable way for people to travel, with a focus on improving accessibility for all customers. They also have a rail division, which operates franchises for several UK train companies.
Some key people in the company include Matthew Gregory, the CEO, and Julia Stead, the Group Corporate Affairs Director.
Their website address is www.firstgroupplc.com, where customers can access information about their services, sustainability efforts, and career opportunities. The registered office address is 395 King Street, Aberdeen, AB24 5RP, United Kingdom.
In conclusion, FIRSTGROUP HOLDINGS LIMITED is a prominent transport operator with a strong focus on sustainability and providing accessible and efficient services for their customers. With their commitment to reducing their environmental impact and providing reliable transportation options, they continue to play an important role in the transportation industry.
