---
title: "CLEVELAND TRANSIT LTD. - Payment Practices"
date: 2024-05-27
url: https://paymentcheck.co.uk/company-search/02546698/cleveland-transit-ltd
description: "View payment practices for CLEVELAND TRANSIT LTD.. Average time to pay: 34 days."
---

# CLEVELAND TRANSIT LTD.

## Company Information

- **Company Number:** 02546698
- **Status:** Active
- **Company Type:** Private limited Company
- **Incorporated:** 8 October 1990
- **Registered Address:** C/O Stagecoach Services Limited One Stockport Exchange, 20 Railway Road, Stockport, United Kingdom, SK1 3SW
- **Industry:** Road Travel
- **Region:** North West

## Payment Statistics

- **Average Time to Pay:** 34 days
- **Invoices Paid Within 30 Days:** 35%
- **Invoices Paid Between 31-60 Days:** 63%
- **Invoices Paid Later Than 60 Days:** 2%
- **Invoices Not Paid Within Agreed Terms:** 4%

## 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.
- **Shortest Payment Period:** 7 days
- **Longest Payment Period:** 60 days
- **Maximum Contractual Period:** 60 days

## Payment Practices

- **Payment Terms Changed:** Not available
- **Suppliers Notified of Changes:** Not available
- **E-Invoicing Offered:** False
- **Supply Chain Financing Offered:** False
- **Participates in Payment Codes:** No

## Dispute Resolution

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.

## 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.\n\nCleveland 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.\n\nThe 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.\n\nThe 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.\n\nCustomers 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.\n\nIn 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.

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*Data sourced from official UK government payment practices reports. Last updated: 2024-05-27*