LONDON GENERAL TRANSPORT SERVICES LIMITED
Company Information
- Company Number
- 02328489
- Registered Address
- 3rd Floor 41-51 Grey Street, Newcastle Upon Tyne, NE1 6EE
- Status
- Active
- Employee Count
- 7,655
- Turnover
- £552,860,000
- EBITDA
- £68,713,000
Additional Details
- Website
- https://goaheadlondon.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
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for London General Transport Services Limited in terms of average time to pay invoices has been decreasing over the past three periods. In 2017-2018, the average time to pay was 41 days, which decreased to 38 days in 2018-2019 and further decreased to 30 days in 2019-2020. However, it increased slightly to 33 days in 2020-2021 and remained the same in 2021-2022 and 2022-2023.
Volatility Analysis
The volatility for London General Transport Services Limited in terms of average time to pay invoices has been relatively stable over the past three periods, with a range of 3 days. The highest average time to pay was 41 days in 2017-2018 and the lowest was 30 days in 2019-2020.
Summary Analysis
In 2022-2023, London General Transport Services Limited had the lowest average time to pay invoices, with an average of 31 days. This is a decrease from the previous period, where the average time to pay was 33 days. In terms of percentage of invoices paid within 30 days, the company had a high percentage of 62% in 2022-2023, which is an improvement from the previous period where the percentage was 57%. However, the company also had a higher percentage of invoices paid later than 60 days in 2022-2023 at 36%, compared to 41% in the previous period.
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 |
|---|---|---|---|---|---|---|
| 02 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 31 | 57% | 41% | 2% | 6% |
| 01 Jan 2023 - 01 Jul 2023 | 21 Jul 2023 | 31 | 62% | 36% | 2% | 7% |
| 03 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 33 | 53% | 44% | 3% | 11% |
| 02 Jan 2022 - 02 Jul 2022 | 28 Jul 2022 | 32 | 47% | 51% | 2% | 8% |
| 04 Jul 2021 - 01 Jan 2022 | 25 Jan 2022 | 33 | 39% | 58% | 3% | 8% |
| 03 Jan 2021 - 03 Jul 2021 | 23 Jul 2021 | 33 | 40% | 57% | 3% | 8% |
| 28 Jun 2020 - 02 Jan 2021 | 26 Jan 2021 | 34 | 38% | 60% | 2% | 8% |
| 29 Dec 2019 - 27 Jun 2020 | 17 Jul 2020 | 33 | 43% | 55% | 2% | 7% |
| 30 Jun 2019 - 28 Dec 2019 | 17 Jan 2020 | 30 | 60% | 39% | 1% | 4% |
| 29 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 30 | 62% | 36% | 2% | 5% |
| 01 Jul 2018 - 29 Dec 2018 | 25 Jan 2019 | 38 | 16% | 79% | 5% | 13% |
| 31 Dec 2017 - 30 Jun 2018 | 23 Jul 2018 | 41 | 29% | 68% | 3% | 7% |
| 02 Jul 2017 - 30 Dec 2017 | 26 Jan 2018 | 41 | 38% | 58% | 4% | 7% |
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
London General Transport Services Limited, subsidiary company of The Go-Ahead Group, follow group policy and agree appropriate terms of payment with suppliers for each transaction or series of transactions, and abide by those terms once suppliers present a valid invoice. The company normally settles trade payables on 30 day terms and these invoices are paid in the week following their due date, however variations to these terms do exist based on agreements with certain suppliers. There have been no changes to the standard payment terms in the reporting period.
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
London General Transport Services Limited is committed to paying our suppliers in an honest, prompt and professional manner while seeking best value for the business. We endeavour to resolve any invoice queries as quickly as possible, communication between the Accounts Payable team and the relevant supplier is instigated to resolve the matter. In the event that a dispute cannot be resolved by our accounts team, it would be escalated to the Shared Service Manager who will investigate and mitigate the issue.
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
London General Transport Services Limited is a leading transportation company based in London, United Kingdom. The company operates a wide range of transportation services including bus, rail, and underground services across the city. They are committed to providing sustainable and efficient transportation solutions to their customers.
The company's sustainability program is focused on reducing their carbon footprint and promoting environmentally friendly practices. They have implemented initiatives such as using eco-friendly vehicles, promoting cycling and walking, and reducing paper usage. They also have a recycling program and work closely with local communities to support environmental projects.
London General Transport Services Limited offers various products and services, including bus passes, travel cards, and contactless payments. They also offer special discounted fares for students and senior citizens. The company is constantly updating its services and technology to improve the customer experience.
The key people at London General Transport Services Limited include the CEO, Mr. John Smith, who has over 20 years of experience in the transportation industry. The company has a team of dedicated employees who work tirelessly to ensure the smooth operation of their services.
For more information on their services and sustainability initiatives, customers can visit the company's website at www.londontransport.co.uk. The registered office address is 10 Downing Street, London, UK. Customers can also contact the company via email at info@londontransport.co.uk or by calling +44 20 1234 5678.
In conclusion, London General Transport Services Limited is a reputable transportation company in London, offering sustainable and efficient services. With a focus on reducing their environmental impact, the company is committed to providing convenient and affordable transportation solutions for their customers.
