LONDON UNITED BUSWAYS LIMITED
Company Information
- Company Number
- 02328561
- Registered Address
- Garrick House, Stamford Brook Bus Garage, 74, Chiswick High Road, London, England, W4 1SY
- Status
- Active
- Employee Count
- 2,628
- Turnover
- £192,418,000
- EBITDA
- £7,114,000
Additional Details
- Website
- https://londonutd.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
- Road Travel
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2018 - 31 Dec 2018 | 22 Jan 2019 | 42 | 25% | 64% | 10% | 11% |
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
The preferred payment term for London United Busways Limited is the payment of invoiced amounts within 30 calendar days of which the company receives a correctly rendered invoice. Payment terms vary across suppliers mainly based on the type of service provided and the nature of the supplier. The agreed payment terms with suppliers range from payable immediately to the longest agreed payment terms which are payable 30 calendar days of which the company receives a correctly rendered invoice. Once an individual payment term is agreed with a supplier the company will not unilaterally change the agreed payment term without the agreement of the supplier. The company offers reduced payment terms where the supplier offers a payment terms discount. The company publishes its standard terms of order and terms of contract at this web site addresses below www.ratpdevlondon.com/t_and_c_of_order.pdf www.ratpdevlondon.com/T&C%20of%20CONTRACT.pdf
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
30
Dispute Resolution Process
Dispute resolution is documented within our standard terms of order and terms of contract at www.ratpdevlondon.com/t_and_c_of_order.pdf www.ratpdevlondon.com/T&C%20of%20CONTRACT.pdf
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
Company Summary
London United Busways Limited is a public transport company based in London, United Kingdom. The company operates bus services in London and surrounding areas, providing a reliable and efficient mode of transportation for commuters.
Sustainability is a key focus for London United Busways Limited, with a commitment to reducing their carbon footprint and promoting environmentally friendly practices. The company has implemented various initiatives such as using low-emission vehicles and promoting the use of public transport to reduce air pollution in the city.
The company offers a range of products and services, including bus passes, travelcards, and contactless payment options, to make travel more convenient for their customers. They also have a mobile app that provides real-time bus information and journey planning tools.
London United Busways Limited is led by a team of key people, including the Managing Director, Director of Operations, and Director of Finance. These individuals bring years of experience in the transportation industry and are dedicated to providing a high-quality service to their customers.
The company's registered office address is 7th Floor, 33 Holborn, London, EC1N 2HT. Customers can contact them through their website, www.londonunited.com, which also provides information on bus routes, schedules, and fares. Overall, London United Busways Limited is committed to providing sustainable and efficient transport solutions for the people of London.
