| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
FirstGroup Holdings Limited is a UK-registered private company classified under head office activities. Companies House records show it was previously named Quayshelfco 135 Limited, then Badgerline Holdings Limited, Badgerline Group plc and Firstbus Group Limited before adopting its current name, reflecting its history within the FirstGroup transport business. It functions as a holding entity within the wider FirstGroup corporate structure rather than an operating business itself. The company has filed multiple charges over the years, most now satisfied, and continues to submit annual accounts and confirmation statements. Its own activity is confined to head office functions, with the group's actual passenger transport operations, including bus and rail services, carried out by other entities within the FirstGroup group.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · data.companieshouse.gov.uk