EUROTUNNEL SERVICES LIMITED
Company Information
- Company Number
- 02143135
- Registered Address
- Uk Terminal, Ashford Road, Folkestone, Kent, CT18 8XX
- Status
- Active
- Employee Count
- 834
- Turnover
- £58,461,000
- EBITDA
- £4,446,000
Additional Details
- Website
- https://eurotunnel.com
- Company Type
- Private limited Company
- Incorporated On
- 30 June 1987
- Nature of Business
- 52219 - Other service activities incidental to land transportation, not elsewhere classified
- Industries
- Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for EUROTUNNEL SERVICES LIMITED to pay invoices has fluctuated between 20 and 33 days over the past three years. However, there has been an overall decrease in the average time taken to pay invoices since 2019.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 77% to 88%. However, there has been a significant increase in the percentage of invoices paid later than 60 days in 2020, reaching a high of 9%.
Summary Analysis
Between 2018 and 2020, EUROTUNNEL SERVICES LIMITED showed improvement in their payment practices, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2020, which may have impacted their suppliers negatively. In 2021, there was a slight decrease in the average time taken to pay invoices, but the percentage of invoices paid within 30 days also decreased. In 2023, there was an increase in the average time taken to pay invoices, but the percentage of invoices paid within 30 days improved.
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 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 24 | 91% | 5% | 4% | 39% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 26 | 85% | 10% | 5% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 28 | 78% | 19% | 3% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 26 | 84% | 14% | 2% | 37% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Aug 2022 | 26 | 77% | 17% | 6% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 33 | 79% | 11% | 10% | 36% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 29 | 85% | 8% | 7% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 33 | 81% | 10% | 9% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 23 | 84% | 13% | 3% | 38% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 20 | 88% | 10% | 2% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 20 | 88% | 11% | 1% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 27 | 82% | 14% | 4% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 23 | 83% | 15% | 2% | 49% |
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
Our standard payment terms are to pay suppliers within 30 days date of invoice, assuming that the invoice is sent immediately to the Accounts Payable Dpt, quoting a valid PO and that goods or services are delivered in accordance with the purchase order. However payment terms may be negotiated on a case by case basis depending on the commercial situation. Pay-runs are processed once a week and include any item due before the next payment run date.
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
Disputes are handled by the manager of the contract with the support of the Procurement Department and Legal Department if necessary.
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
EUROTUNNEL SERVICES LIMITED is a company that operates the Channel Tunnel, linking the United Kingdom and France. The company provides transportation services for both passengers and freight, offering a fast and efficient way to travel between the two countries.
In terms of sustainability, EUROTUNNEL SERVICES LIMITED has implemented various measures to reduce its environmental impact. This includes using renewable energy sources, reducing waste and emissions, and promoting sustainable practices among its employees and partners.
The company offers a range of products and services, including Eurostar high-speed passenger trains, Eurotunnel Shuttle services for cars and other vehicles, and Europorte freight services. These services are designed to provide a convenient and cost-effective way to travel between the UK and France.
The key people behind EUROTUNNEL SERVICES LIMITED include Jacques Gounon, the Chairman and CEO, and Yann Leriche, the Deputy CEO. They are responsible for overseeing the company's operations and driving its growth and success.
For those looking to contact EUROTUNNEL SERVICES LIMITED, the company's website address is https://www.eurotunnel.com/uk/, where customers can find information about their services and make bookings. The company's registered office address is Ashford Road, Folkestone, Kent, CT18 8XX, United Kingdom.
