GREATER MANCHESTER BUSES SOUTH LIMITED
Company Information
- Company Number
- 02818654
- Registered Address
- One Stockport Exchange, 20 Railway Road, Stockport, United Kingdom, SK1 3SW
- Status
- Active
- Employee Count
- 2,132
- Turnover
- £157,647,000
- EBITDA
- £34,951,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 May 1993
- 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
Company Review
Trend Analysis
GREATER MANCHESTER BUSES SOUTH LIMITED typically pays within 31-60 days, as 67% of payments fall into this range with an average of 41 days. While 27% pay within 30 days, the overall trend indicates payments consistently extend beyond standard net-30 terms. The relatively low 6% over 60 days and 11% late payments suggest a stable, albeit slower, payment trajectory.
Volatility Analysis
Payment reliability is moderately predictable; the strong concentration of 67% of payments within 31-60 days provides a clear expectation for most transactions. However, the 11% late payment rate and 6% exceeding 60 days introduce a minor degree of unpredictability and risk for a subset of invoices. Suppliers should account for a consistent ~40-day payment cycle with a small chance of further delays.
Summary Analysis
Given the consistent 31-60 day payment window, GREATER MANCHESTER BUSES SOUTH LIMITED presents a manageable payment risk for suppliers able to accommodate these terms. Key decision factors include the supplier's cash flow tolerance for payments beyond 30 days, particularly given the 41-day average. To mitigate risk, consider clearly defined payment terms aligning with the typical 31-60 day window or structuring initial orders to test the payment process.
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 |
|---|---|---|---|---|---|---|
| 28 Oct 2024 - 03 May 2025 | 01 Jun 2025 | 41 | 27% | 67% | 6% | 11% |
| 28 Apr 2024 - 27 Oct 2024 | 25 Nov 2024 | 38 | 27% | 69% | 4% | 9% |
| 31 Oct 2023 - 27 Apr 2024 | 27 May 2024 | 37 | 31% | 65% | 4% | 8% |
| 30 Apr 2023 - 30 Oct 2023 | 23 Nov 2023 | 38 | 41% | 54% | 5% | 8% |
| 01 Nov 2022 - 29 Apr 2023 | 29 May 2023 | 32 | 59% | 34% | 7% | 9% |
| 01 May 2022 - 31 Oct 2022 | 25 Nov 2022 | 30 | 57% | 40% | 3% | 5% |
| 02 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 33 | 50% | 47% | 3% | 4% |
| 01 May 2021 - 01 Nov 2021 | 30 Nov 2021 | 34 | 47% | 50% | 3% | 4% |
| 03 Nov 2020 - 01 May 2021 | 31 May 2021 | 38 | 38% | 56% | 6% | 8% |
| 03 May 2020 - 02 Nov 2020 | 22 Dec 2020 | 40 | 30% | 61% | 9% | 13% |
| 27 Oct 2019 - 02 May 2020 | 23 Jun 2020 | 37 | 38% | 59% | 3% | 9% |
| 28 Apr 2019 - 26 Oct 2019 | 26 Nov 2019 | 36 | 48% | 50% | 2% | 3% |
| 31 Oct 2018 - 27 Apr 2019 | 29 May 2019 | 32 | 52% | 46% | 2% | 3% |
| 29 Apr 2018 - 30 Oct 2018 | 30 Nov 2018 | 33 | 46% | 52% | 2% | 3% |
| 01 Nov 2017 - 28 Apr 2018 | 29 May 2018 | 29 | 60% | 38% | 2% | 2% |
| 30 Apr 2017 - 30 Oct 2017 | 29 Nov 2017 | 34 | 50% | 48% | 2% | 2% |
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.
❌
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.
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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
GREATER MANCHESTER BUSES SOUTH LIMITED is an active private limited company. It primarily specialises in bus services within the southern region of Greater Manchester.
Registered as company number 02818654, this organisation was incorporated on 12 May 1993. Its registered office is located at One Stockport Exchange, 20 Railway Road, Stockport, United Kingdom, SK1 3SW, positioning its operations within the North West region.
Typically, companies of this nature in the UK market provide scheduled public bus transport services. These services encompass the operation of bus routes, vehicle maintenance, and passenger ticketing systems, often forming a vital part of regional public transport infrastructure.
