BUSWAYS TRAVEL SERVICES LIMITED
Company Information
- Company Number
- 02295227
- Registered Address
- One Stockport Exchange, 20 Railway Road, Stockport, United Kingdom, SK1 3SW
- Status
- Active
- Employee Count
- 1,117
- Turnover
- £64,156,000
- EBITDA
- £9,229,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 September 1988
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Road Travel
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
BUSWAYS TRAVEL SERVICES LIMITED consistently settles invoices within a moderate timeframe, with a significant 69% of payments occurring between 31 and 60 days. The average payment time of 39 days further reinforces a predictable trend of settling beyond standard 30-day terms but generally within a two-month window. The low 3% of payments exceeding 60 days suggests extreme delays are infrequent.
Volatility Analysis
Payment reliability for BUSWAYS TRAVEL SERVICES LIMITED appears good, as 69% of payments consistently fall within the 31-60 day range, suggesting predictable cash flow for suppliers. The low 6% late payment rate and minimal 3% exceeding 60 days indicate low volatility and a reduced risk of unexpected, significant delays. Suppliers can generally anticipate payments around the 39-day average, offering a degree of predictability.
Summary Analysis
Suppliers should anticipate payments from BUSWAYS TRAVEL SERVICES LIMITED to consistently arrive around the 39-day mark, extending beyond standard 30-day terms. While the low 6% late rate minimizes significant payment risk, suppliers should factor this extended payment cycle into their financial planning and cash flow projections. Consider setting payment terms that align with a 45-day window to manage expectations effectively.
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 |
|---|---|---|---|---|---|---|
| 28 Oct 2024 - 03 May 2025 | 01 Jun 2025 | 39 | 28% | 69% | 3% | 6% |
| 28 Apr 2024 - 27 Oct 2024 | 25 Nov 2024 | 36 | 34% | 64% | 2% | 4% |
| 31 Oct 2023 - 27 Apr 2024 | 27 May 2024 | 34 | 35% | 62% | 2% | 4% |
| 30 Apr 2023 - 30 Oct 2023 | 23 Nov 2023 | 36 | 42% | 55% | 3% | 6% |
| 01 Nov 2022 - 29 Apr 2023 | 29 May 2023 | 28 | 61% | 37% | 2% | 5% |
| 01 May 2022 - 31 Oct 2022 | 25 Nov 2022 | 28 | 61% | 38% | 1% | 2% |
| 02 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 31 | 53% | 46% | 1% | 2% |
| 02 May 2021 - 01 Nov 2021 | 30 Nov 2021 | 34 | 48% | 51% | 1% | 2% |
| 03 Nov 2020 - 01 May 2021 | 31 May 2021 | 35 | 43% | 51% | 6% | 8% |
| 03 May 2020 - 02 Nov 2020 | 22 Dec 2020 | 38 | 34% | 57% | 9% | 13% |
| 27 Oct 2019 - 02 May 2020 | 23 Jun 2020 | 38 | 37% | 60% | 3% | 8% |
| 28 Apr 2019 - 26 Oct 2019 | 26 Nov 2019 | 35 | 48% | 50% | 2% | 3% |
| 31 Oct 2018 - 27 Apr 2019 | 29 May 2019 | 30 | 52% | 46% | 2% | 4% |
| 29 Apr 2018 - 30 Oct 2018 | 30 Nov 2018 | 31 | 47% | 52% | 1% | 3% |
| 01 Nov 2017 - 28 Apr 2018 | 29 May 2018 | 27 | 60% | 38% | 2% | 2% |
| 30 Apr 2017 - 30 Oct 2017 | 29 Nov 2017 | 34 | 49% | 49% | 2% | 3% |
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
It is the Company’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The Company normally settles trade payables on 30 day terms, however variations to these terms do exist based on agreements with certain suppliers.
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
60
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalated in the first instance to the relevant Head of Department to seek a resolution.
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
BUSWAYS TRAVEL SERVICES LIMITED is an active private limited company operating within the travel and transport sector. Its name indicates a specialisation in bus-related travel services.
The company was incorporated on 12 September 1988, holding company number 02295227. It is registered in the North West, with its registered office located at One Stockport Exchange, 20 Railway Road, Stockport, United Kingdom, SK1 3SW.
In the UK, companies specialising in busways and travel services commonly offer a range of transport solutions. These typically encompass scheduled bus services, private coach hire for various occasions, and organised travel packages or excursions.
