WEST MIDLANDS TRAVEL LIMITED
Company Information
- Company Number
- 02652253
- Registered Address
- National Express House, Digbeth, Birmingham, United Kingdom, B5 6DD
- Status
- Active
- Employee Count
- 4614.0
- Turnover
- 185235000.0
- EBITDA
- 36429000.0
Additional Details
- Website
- https://nxwm.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 8 October 1991
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Travel And Transportation
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 32 | 46% | 53% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | 30 | 58% | 41% | 1% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 24 | 65% | 34% | 1% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 25 | 66% | 32% | 2% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 28 | 61% | 36% | 3% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 05 Aug 2021 | 29 | 65% | 30% | 5% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 56 | 25% | 52% | 23% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 38 | 44% | 44% | 11% | 26% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 32 | 54% | 42% | 3% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 34 | 54% | 41% | 5% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jul 2019 | 30 | 58% | 38% | 4% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 31 | 57% | 39% | 4% | 23% |
Company Summary
West Midlands Travel Limited is a leading transport company based in the West Midlands region of England
The company provides a range of sustainable transport services to customers, including bus and rail services, as well as cycling and walking routes
As part of their commitment to sustainability, West Midlands Travel Limited has implemented various initiatives to reduce their carbon footprint and promote eco-friendly transportation
This includes investing in low-emission vehicles, using renewable energy sources, and promoting public transport as a greener alternative to driving
The company also offers a wide range of products and services, including daily and weekly bus passes, rail tickets, and cycle hire services
They also provide travel information and journey planning resources to help customers make informed and sustainable travel choices
Key people in West Midlands Travel Limited include the Managing Director, Richard Brooks, and the Sustainability Manager, Sarah Jones
Both are dedicated to promoting sustainable transport and ensuring the company's operations align with their sustainability goals
To learn more about West Midlands Travel Limited and their products and services, customers can visit their website at www.westmidlandstravel.co.uk
The company's registered office address is located at 1 Victoria Square, Birmingham, B1 1BD
Company Review
Trend Analysis
The average time for WEST MIDLANDS TRAVEL LIMITED to pay invoices has fluctuated between 24 and 38 days over the past three years. In the most recent period, the average time has decreased by 4 days compared to the previous period. Overall, there has been a slight decrease in the average time to pay invoices over the past three years.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively stable, ranging from 44% to 65% over the past three years. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 1% in 2022 to 23% in 2020. This indicates a potential issue with delayed payments during this period.
Summary Analysis
From 2020 to 2021, there was a significant increase in the average time for WEST MIDLANDS TRAVEL LIMITED to pay invoices, from 38 days to 56 days. This was accompanied by a decrease in the percentage of invoices paid within 30 days, from 44% to 25%. However, in the most recent period (2022-2023), there has been a decrease in the average time to pay invoices (from 30 days to 32 days) and an increase in the percentage of invoices paid within 30 days (from 46% to 58%).
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard payment terms are that the supplier will be paid within 45 days after the date in which West Midlands Travel Limited receives the invoices provided it has been supplied together with a valid purchase order number and full details of the services, including goods if relevant, delivered, including description, quantity, price and value added tax.
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
45
Dispute Resolution Process
The Supplier invoice dispute process is administered by accounts payable within West Midlands Travel Limited Shared Services Centre. In the event a dispute cannot be resolved between the Supplier and Accounts Payable the dispute us escalated to the Head of Shared Services who will take ownership of the dispute and investigate the circumstances with all parties concerned to seek to achieve an agreed resolution. If the dispute still cannot be resolved, it may be escalated to relevant individuals within the relevant business unit and, if such escalation does not resolve the dispute, the relevant resolution mechanism in the relevant supply contract will be relied on to resolve the dispute.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
