GO NORTH EAST LIMITED
Company Information
- Company Number
- 02057284
- Registered Address
- 3rd Floor 41-51 Grey Street, Newcastle Upon Tyne, NE1 6EE
- Status
- Active
- Employee Count
- 1,775
- Turnover
- £87,837,000
- EBITDA
- £2,105,000
Additional Details
- Website
- https://gogateshead.com/
- Company Type
- Private limited Company
- Incorporated On
- 23 September 1986
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Travel And Transportation
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
There is a clear downward trend in the average time taken for GO NORTH EAST LIMITED to pay invoices to suppliers, with each period showing a decrease in the average time taken compared to the previous period. This trend suggests that GO NORTH EAST LIMITED is making efforts to pay invoices to suppliers more promptly.
Volatility Analysis
There is some volatility in the percentages of invoices paid within 30 days and between 31 and 60 days, with these percentages fluctuating between periods. However, there is a consistent trend of the percentage of invoices paid later than 60 days decreasing over time, indicating that GO NORTH EAST LIMITED is making improvements in paying invoices on time.
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 |
|---|---|---|---|---|---|---|
| 02 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 30 | 81% | 15% | 4% | 11% |
| 01 Jan 2023 - 01 Jul 2023 | 21 Jul 2023 | 32 | 72% | 23% | 5% | 13% |
| 03 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 34 | 74% | 21% | 5% | 11% |
| 02 Jan 2022 - 02 Jul 2022 | 28 Jul 2022 | 37 | 65% | 26% | 9% | 16% |
| 04 Jul 2021 - 01 Jan 2022 | 25 Jan 2022 | 43 | 34% | 54% | 12% | 26% |
| 03 Jan 2021 - 03 Jul 2021 | 23 Jul 2021 | 63 | 28% | 37% | 35% | 55% |
| 28 Jun 2020 - 02 Jan 2021 | 26 Jan 2021 | 46 | 16% | 72% | 12% | 41% |
| 29 Dec 2019 - 27 Jun 2020 | 17 Jul 2020 | 36 | 19% | 77% | 4% | 17% |
| 30 Jun 2019 - 28 Dec 2019 | 17 Jan 2020 | 34 | 31% | 65% | 4% | 10% |
| 29 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 35 | 30% | 66% | 4% | 9% |
| 01 Jul 2018 - 29 Dec 2018 | 25 Jan 2019 | 33 | 35% | 62% | 3% | 8% |
| 31 Dec 2017 - 30 Jun 2018 | 23 Jul 2018 | 37 | 28% | 67% | 5% | 14% |
| 02 Jul 2017 - 30 Dec 2017 | 26 Jan 2018 | 39 | 37% | 57% | 6% | 22% |
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
Go North East Limited, subsidiary company of The Go-Ahead Group, follow group policy and agree appropriate terms of payment with suppliers for each transaction or series of transactions, and abide by those terms once suppliers present a valid invoice. The company normally settles trade payables on 30 day terms and these invoices are paid in the week following their due date, however variations to these terms do exist based on agreements with certain suppliers. There have been no changes to the standard payment terms in the reporting period.
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
60
Dispute Resolution Process
Go North East Limited is committed to paying our suppliers in an honest, prompt and professional manner while seeking best value for the business. We endeavour to resolve any invoice queries as quickly as possible, communication between the Accounts Payable team and the relevant supplier is instigated to resolve the matter. In the event that a dispute cannot be resolved by our accounts team, it would be escalated to the Shared Service Manager who will investigate and mitigate the issue.
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
GO NORTH EAST LIMITED is a bus company based in the North East region of England. They provide a range of bus services to their customers, including local, regional, and express routes.
In terms of sustainability, GO NORTH EAST LIMITED is committed to reducing their environmental impact. They have implemented various initiatives to achieve this, such as investing in low-emission buses, using alternative fuels, and promoting car-free travel options. They have also received recognition for their efforts, including being awarded the Carbon Trust Standard and the Green Apple Award.
The company offers a wide range of products and services to meet the diverse needs of their customers. These include single and return tickets, season passes, and group travel options. They also offer a variety of payment methods, including contactless and mobile ticketing, to make travel more convenient for their customers.
GO NORTH EAST LIMITED is led by a team of experienced individuals, including their managing director, Martijn Gilbert. They have a dedicated customer service team that is available to answer any queries or concerns from their customers.
The company's website, www.gonortheast.co.uk, provides information on their services, schedules, and ticketing options. It also features a journey planner tool to help customers plan their trips. GO NORTH EAST LIMITED's registered office address is at 117 Queen Street, Newcastle upon Tyne, NE1 3HH.
In conclusion, GO NORTH EAST LIMITED is a sustainable and customer-focused bus company that offers a variety of products and services to meet the transportation needs of their customers in the North East region. Through their commitment to sustainability and their dedicated team, they continue to provide reliable and convenient bus services to their customers.
