CLEVELAND TRANSIT LTD.
Company Information
- Company Number
- 02546698
- Registered Address
- C/O Stagecoach Services Limited One Stockport Exchange, 20 Railway Road, Stockport, United Kingdom, SK1 3SW
- Status
- Active
- Employee Count
- 293
- Turnover
- £17,653,000
- EBITDA
- £1,656,000
Additional Details
- Website
- https://stagecoachbus.com
- Company Type
- Private limited Company
- Incorporated On
- 8 October 1990
- 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
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 |
|---|---|---|---|---|---|---|
| 31 Oct 2023 - 27 Apr 2024 | 27 May 2024 | 34 | 35% | 63% | 2% | 4% |
| 30 Apr 2023 - 30 Oct 2023 | 23 Nov 2023 | 37 | 43% | 53% | 4% | 8% |
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.
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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
Cleveland Transit Ltd. is a transportation company based in the United Kingdom that offers a variety of services and products to its customers. The company is committed to sustainability and has implemented various measures to reduce its environmental impact.
Cleveland Transit Ltd. offers public transportation services such as buses and trains, as well as specialized transportation for events and private hire. They also provide maintenance and repair services for their vehicles.
The company's sustainability program includes initiatives such as using biofuels for their vehicles, implementing energy-efficient practices in their facilities, and promoting recycling and waste reduction. They also have a focus on reducing carbon emissions and have invested in electric and hybrid vehicles.
The key people of Cleveland Transit Ltd. include the managing director, who oversees the overall operations of the company, and the sustainability manager, who is responsible for implementing and monitoring the company's sustainability efforts.
Customers can contact Cleveland Transit Ltd. through their website, which provides information on their services, schedules, and contact details. The registered office address for the company is located in Cleveland, UK.
In conclusion, Cleveland Transit Ltd. is a transportation company in the UK that offers sustainable services and products to its customers. With its commitment to sustainability and efficient practices, the company strives to provide reliable and environmentally-friendly transportation options for the community.
