THE GOAHEAD GROUP LIMITED
Company Information
- Company Number
- 02100855
- Registered Address
- 3rd Floor 41-51 Grey Street, Newcastle Upon Tyne, NE1 6EE
- Status
- Active
- Employee Count
- 27,139
- Turnover
- £3,288,100,000
- EBITDA
- £559,100,000
Additional Details
- Website
- https://go-ahead.com/
- Company Type
- Private limited Company
- Incorporated On
- 17 February 1987
- Nature of Business
- 49390 - Other passenger land transport70100 - Activities of head offices
- Industries
- Travel And Transportation
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for THE GO-AHEAD GROUP LIMITED to pay invoices has fluctuated between 30 and 38 days over the past three periods, with a slight downward trend in recent periods.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively high, ranging from 33% to 71%, with a slight downward trend in recent periods. The volatility in the percentage of invoices paid between 31 and 60 days has also been high, ranging from 20% to 62%, with no clear trend. The volatility in the percentage of invoices paid later than 60 days has been relatively low, ranging from 4% to 14%, with no clear trend.
Summary Analysis
From 2017 to 2022, THE GO-AHEAD GROUP LIMITED has maintained an average time to pay of around 32 days, with a slight decrease in recent periods. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 5% in 2017 to 9% in 2022. This is the worst period for THE GO-AHEAD GROUP LIMITED in terms of late payments. In contrast, the percentage of invoices paid within 30 days has fluctuated between 33% and 74%, with a slight downward trend. The best period for THE GO-AHEAD GROUP LIMITED in terms of early payments was in 2023, with 74% of invoices paid within 30 days.
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 | 74% | 20% | 6% | 14% |
| 01 Jan 2023 - 01 Jul 2023 | 21 Jul 2023 | 32 | 71% | 23% | 6% | 18% |
| 03 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 33 | 69% | 22% | 9% | 19% |
| 02 Jan 2022 - 02 Jul 2022 | 28 Jul 2022 | 31 | 68% | 27% | 5% | 18% |
| 04 Jul 2021 - 01 Jan 2022 | 25 Jan 2022 | 33 | 45% | 50% | 5% | 20% |
| 03 Jan 2021 - 03 Jul 2021 | 23 Jul 2021 | 35 | 39% | 56% | 5% | 26% |
| 28 Jun 2020 - 02 Jan 2021 | 26 Jan 2021 | 34 | 33% | 62% | 5% | 30% |
| 29 Dec 2019 - 27 Jun 2020 | 17 Jul 2020 | 32 | 43% | 52% | 5% | 22% |
| 30 Jun 2019 - 28 Dec 2019 | 17 Jan 2020 | 32 | 48% | 47% | 5% | 18% |
| 29 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 30 | 54% | 42% | 4% | 15% |
| 01 Jul 2018 - 29 Dec 2018 | 25 Jan 2019 | 34 | 46% | 49% | 5% | 24% |
| 31 Dec 2017 - 30 Jun 2018 | 23 Jul 2018 | 38 | 40% | 46% | 14% | 30% |
| 02 Jul 2017 - 30 Dec 2017 | 26 Jan 2018 | 32 | 61% | 34% | 5% | 27% |
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-Ahead Group Limited, 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-Ahead Group 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.
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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.
❌
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
The Go-Ahead Group Limited is a public transport company based in the United Kingdom. It operates bus and rail services in both urban and rural areas, providing around one billion passenger journeys each year.
Sustainability is a key focus for The Go-Ahead Group Limited, with a commitment to reducing its environmental impact and promoting sustainable travel options. The company has set ambitious targets to reduce carbon emissions, increase the use of renewable energy sources, and improve the energy efficiency of its operations.
The company offers a variety of products and services, including bus and rail travel, on-demand transportation, and smart ticketing solutions. It also operates a number of international bus and rail services, as well as providing support services such as vehicle maintenance and driver training.
The key people at The Go-Ahead Group Limited include CEO David Brown, who has been with the company since 2011, and Chairman Clare Hollingsworth, who joined in 2016. The company has a strong focus on diversity and inclusion, with a diverse board of directors and a commitment to promoting equal opportunities within the organization.
The Go-Ahead Group Limited can be contacted through their website at www.go-ahead.com, where customers can also find information on timetables, tickets, and other services. The company's registered office address is 3rd Floor, 41-51 Grey Street, Newcastle upon Tyne, NE1 6EE, United Kingdom. Overall, The Go-Ahead Group Limited is committed to providing sustainable and efficient transport options for its customers, while also making a positive impact on the environment.
