EAST LONDON BUS & COACH COMPANY LIMITED
Company Information
- Company Number
- 02328402
- Registered Address
- One Stockport Exchange, 20 Railway Road, Stockport, United Kingdom, SK1 3SW
- Status
- Active
- Employee Count
- 2,638
- Turnover
- £210,189,000
- EBITDA
- -£8,950,000
Additional Details
- 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
- Road Travel
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
EAST LONDON BUS & COACH COMPANY LIMITED exhibits a consistent payment trend, with an average time of 39 days and 64% of invoices settled within the 31-60 day window. This indicates a regular pattern of payments typically occurring just beyond a standard 30-day term, rather than significant fluctuations. The trajectory suggests suppliers should generally anticipate payment within the second month.
Volatility Analysis
Payment behavior demonstrates low volatility, with only 4% of payments extending beyond 60 days and a 6% overall late payment rate, suggesting high predictability. The strong concentration of payments within the 31-60 day bracket indicates reliability in adhering to a consistent, albeit slightly extended, payment schedule. Suppliers can reliably predict payments will likely fall within this specific timeframe, minimizing unexpected delays.
Summary Analysis
Overall, EAST LONDON BUS & COACH COMPANY LIMITED presents a predictable payment risk profile, consistently paying within 31-60 days with an average of 39 days. Suppliers should proceed, setting expectations for payment to typically arrive shortly after the 30-day mark. To mitigate potential cash flow impacts, it's advisable to factor the 39-day average into your financial planning and set payment terms accordingly.
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 | 32% | 64% | 4% | 6% |
| 28 Apr 2024 - 27 Oct 2024 | 25 Nov 2024 | 36 | 34% | 62% | 4% | 8% |
| 31 Oct 2023 - 27 Apr 2024 | 27 May 2024 | 33 | 43% | 53% | 4% | 8% |
| 30 Apr 2023 - 30 Oct 2023 | 23 Nov 2023 | 31 | 52% | 44% | 4% | 7% |
| 01 Nov 2022 - 29 Apr 2023 | 29 May 2023 | 25 | 65% | 34% | 1% | 3% |
| 01 May 2022 - 31 Oct 2022 | 25 Nov 2022 | 27 | 62% | 37% | 1% | 4% |
| 02 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 32 | 52% | 47% | 1% | 3% |
| 01 May 2021 - 01 Nov 2021 | 30 Nov 2021 | 34 | 49% | 50% | 1% | 3% |
| 03 Nov 2020 - 01 May 2021 | 31 May 2021 | 37 | 39% | 56% | 5% | 8% |
| 03 May 2020 - 02 Nov 2020 | 22 Dec 2020 | 38 | 32% | 61% | 7% | 13% |
| 27 Oct 2019 - 02 May 2020 | 23 Jun 2020 | 36 | 36% | 61% | 3% | 6% |
| 28 Apr 2019 - 26 Oct 2019 | 26 Nov 2019 | 35 | 51% | 47% | 2% | 4% |
| 31 Oct 2018 - 27 Apr 2019 | 29 May 2019 | 31 | 54% | 44% | 2% | 4% |
| 29 Apr 2018 - 30 Oct 2018 | 30 Nov 2018 | 31 | 49% | 50% | 1% | 3% |
| 01 Nov 2017 - 28 Apr 2018 | 29 May 2018 | 28 | 64% | 34% | 2% | 3% |
| 30 Apr 2017 - 30 Oct 2017 | 29 Nov 2017 | 32 | 52% | 47% | 1% | 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
EAST LONDON BUS & COACH COMPANY LIMITED is a private limited company operating within the bus and coach transport sector. Its name indicates a specialisation in providing bus and coach services.
This active organisation was incorporated on 14 December 1988 under company number 02328402. Its registered office is located in Stockport, United Kingdom, specifically at One Stockport Exchange, 20 Railway Road, SK1 3SW.
As a bus and coach company in the UK, it typically provides various transport solutions. These services commonly include scheduled public transport, private coach hire for groups and events, and contract services such as school or corporate transport.
