METROLINE TRAVEL LIMITED
Company Information
- Company Number
- 02328401
- Registered Address
- Comfortdelgro House 329 Edgware Road, Cricklewood, London, NW2 6JP
- Status
- Active
- Employee Count
- 3699.0
- Turnover
- 274457000.0
- EBITDA
- -2428000.0
Additional Details
- Website
- https://metroline.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 14 December 1988
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Travel And Transportation
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 30 Jan 2024 | 33 | 57% | 39% | 4% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 34 | 54% | 41% | 5% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 40 | 48% | 46% | 6% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 39 | 50% | 44% | 6% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 44 | 41% | 51% | 8% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 39 | 43% | 45% | 12% | 39% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 47 | 45% | 42% | 13% | 39% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 48 | 32% | 53% | 15% | 72% |
| 01 Jan 2020 - 30 Jun 2020 | 01 Aug 2020 | 36 | 40% | 51% | 9% | 55% |
| 01 Jul 2002 - 31 Dec 2019 | 23 Jan 2020 | 44 | 44% | 46% | 10% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 46 | 39% | 50% | 11% | 39% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 41 | 43% | 47% | 10% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 40 | 34% | 56% | 10% | 48% |
Company Summary
Metroline Travel Limited is a leading public transport company in the UK
The company offers a range of services including bus and coach operations, vehicle maintenance, and engineering services
Sustainability is a key focus for Metroline Travel Limited, and the company has implemented various initiatives to reduce its environmental impact
This includes using low-emission buses and investing in alternative fuel vehicles
They also have a comprehensive recycling program and promote eco-friendly practices within their operations
The company's main products and services include bus and coach transportation for both individuals and corporate clients
They also offer contract services for schools, universities, and other organizations
Additionally, Metroline Travel Limited provides vehicle maintenance and engineering services to ensure the safety and efficiency of their fleet
At the helm of Metroline Travel Limited is the CEO, Jaspal Singh
Under his leadership, the company has expanded its services and implemented sustainable practices
Other key people include the Chief Financial Officer, Chief Operating Officer, and the Head of Engineering
For further information, their website (www.metroline.co.uk) provides details on their services, routes, and sustainability efforts
The registered office address for Metroline Travel Limited is Metroline House, 118-122 College Road, Harrow, Middlesex, HA1 1RA
Company Review
Trend Analysis
From 2018 to 2023, there has been a slight decrease in the average time taken for METROLINE TRAVEL LIMITED to pay their invoices. However, the percentage of invoices paid within 30 days has remained relatively consistent, while the percentage of invoices paid between 31 and 60 days has fluctuated. The percentage of invoices paid later than 60 days has also decreased slightly over the years.
Volatility Analysis
The average time taken for METROLINE TRAVEL LIMITED to pay their invoices has fluctuated between 33 and 48 days over the past five years. The percentage of invoices paid within 30 days has ranged from 32% to 57%, while the percentage of invoices paid between 31 and 60 days has ranged from 39% to 56%. The percentage of invoices paid later than 60 days has ranged from 4% to 15%, and the percentage of invoices not paid within agreed terms has ranged from 21% to 72%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The Company agrees terms of payment with individual suppliers in advance of supply and adheres to these terms provided supplier payment information is received in a timely manner and with the required supporting detail. The most frequent due date is 20 days after the month in which the invoice is rendered.
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
50
Dispute Resolution Process
The Company will always seek to ensure that suppliers are dealt with in a fair and reasonable manner. Its processes ensure that any queries are identified and resolved within a reasonable timescale. If a dispute does arise that cannot be dealt with by Finance personnel, the company would request that nominated representatives are appointed on both sides so that resolution can be achieved. Only after the foregoing processes are exhausted would any legal process be pursued.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
