FIRST MANCHESTER LIMITED
Company Information
- Company Number
- 02818607
- Registered Address
- The Point, 8th Floor, 37 North Wharf Road, London, England, W2 1AF
- Status
- Active
- Employee Count
- 428
- Turnover
- £35,407,000
- EBITDA
- -£26,213,000
Additional Details
- Website
- https://firstgroup.com
- Company Type
- Private limited Company
- Incorporated On
- 12 May 1993
- Nature of Business
- 49390 - Other passenger land transport
- Industries
- Road Travel
- Region
- London
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 |
|---|---|---|---|---|---|---|
| 30 Sept 2024 - 29 Mar 2025 | 25 Apr 2025 | 44 | 41% | 39% | 20% | 8% |
| 26 Sept 2023 - 30 Mar 2024 | 15 Apr 2024 | 55 | 26% | 50% | 24% | 6% |
| 26 Mar 2023 - 25 Sept 2023 | 12 Oct 2023 | 52 | 24% | 49% | 27% | 7% |
| 27 Mar 2022 - 26 Sept 2022 | 19 Oct 2022 | 54 | 18% | 52% | 30% | 7% |
| 01 Apr 2021 - 30 Sept 2021 | 27 Oct 2021 | 55 | 18% | 49% | 33% | 5% |
| 01 Oct 2020 - 31 Mar 2021 | 15 Apr 2021 | 57 | 21% | 44% | 35% | 6% |
| 31 Mar 2019 - 30 Sept 2019 | 28 Oct 2019 | 61 | 17% | 35% | 48% | 4% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 60 | 17% | 37% | 46% | 27% |
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 Company’s standard payment terms are 60 days from date of valid invoice. It is the Group’s policy to agree appropriate payment terms for each transaction or series of transactions, and to abide by those terms on the submission of a valid invoice. The Company regularly agrees variations to the standard terms with individual suppliers depending on the nature of the goods/services and other circumstances.
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
90
Dispute Resolution Process
The Company is committed to dealing with suppliers in a fair, consistent and transparent manner. We seek to resolve any invoice queries as quickly as possible between the Accounts Payable team and the relevant supplier. If a dispute cannot be resolved it is escalated to the relevant Head of Department and Procurement.
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
FIRST MANCHESTER LIMITED is a UK-based transportation company that provides bus services in the Greater Manchester area. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes measures such as using low-emission buses, reducing fuel consumption, and implementing recycling and waste reduction practices. They also work closely with local authorities to improve air quality and reduce congestion on their routes.
In addition to their sustainability efforts, FIRST MANCHESTER LIMITED offers a range of products and services to its customers. These include regular bus services, school bus services, and special event services. They also have a mobile app that allows customers to track their bus and plan their journey in real-time.
The key people at FIRST MANCHESTER LIMITED include managing director Giles Fearnley and commercial director Ian Humphreys. The company's registered office address is 3rd Floor North, 41-51 Grey Street, Newcastle upon Tyne, NE1 6EE. Their website is www.firstgroup.com/manchester.
In conclusion, FIRST MANCHESTER LIMITED is a leading transportation company in the Greater Manchester area. Their commitment to sustainability, range of products and services, and experienced leadership team make them a reliable and responsible choice for commuters.
