FIRST YORK LIMITED records an average payment time of 41 days, exceeding the standard 30-day benchmark and indicating a consistent pattern of extended payment cycles. The majority of payments (49%) fall within the 31-60 day band, suggesting that delayed settlement is the norm rather than the exception for this company. Only 41% of payments are made within 30 days, confirming that prompt payment is not a reliable expectation when trading with this customer.
Payment behaviour shows moderate predictability, with 90% of invoices settled within 60 days, which provides a degree of planning certainty for cash flow purposes. However, 10% of payments extend beyond 60 days, representing a material tail risk that could strain supplier liquidity, particularly on high-value transactions. The 5% late payment rate, while relatively low, adds a further layer of uncertainty and suggests occasional process or cash flow issues on the customer's side.
FIRST YORK LIMITED presents a moderate payment risk profile — manageable for most suppliers but requiring active credit management given the 41-day average and persistent 31-60 day payment cluster. Suppliers should consider implementing clear payment terms of 30 days with agreed consequences for breach, and factor extended settlement periods into working capital planning. For higher-value contracts, requesting partial upfront payment or reducing credit limits would be a prudent risk mitigation measure.
| 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 |
|---|---|---|---|---|---|---|
| 30 Sept 2025 - 28 Mar 2026 | 27 Apr 2026 | 41 | 41% | 49% | 10% | 5% |
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 60 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
N/A
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
First York Limited is a private limited company operating in the transport and bus services sector, serving the York and wider Yorkshire region. The company forms part of the First Group network, providing public passenger transport services across its operational area.
The company is registered in England and Wales under company number 02168890 and has been an active business since its incorporation on 24 September 1987. Its registered office is located at Hunslet Park Depot, Donisthorpe Street, Leeds, West Yorkshire, LS10 1PL, placing it firmly within the Yorkshire transport network.
Bus and coach operators of this type provide scheduled local bus services across urban and rural routes, connecting communities and facilitating passenger travel throughout their designated operating areas. Such companies work within the framework of UK transport regulation, maintaining fleets of passenger vehicles and employing drivers, engineers, and support staff to deliver reliable public transport services.
As an active company with over three decades of operation, First York Limited represents an established presence within the Yorkshire public transport sector, contributing to the regional infrastructure that residents and commuters depend upon daily.