| 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 Apr 2019 - 14 Sept 2019 | 16 Oct 2019 | 26 | 64% | 35% | 1% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is the Company's policy to agree appropriate payment terms 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 invoices at the end of the month following the month of invoice receipt, 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
The Company seeks to deal with suppliers of all sizes in a fair, consistent and reasonable manner. The Company seeks to resolve queries as quickly as possible prior to payment being made. In the event that a dispute cannot be resolved by the Accounts Payable team, it would be escalated in the first instance to senior management or the relevant budget holder to seek a resolution.
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
WEST COAST TRAINS LIMITED is a train operating company in the United Kingdom that provides passenger train services along the west coast of the country. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company offers a range of products and services, including long-distance train services, intercity services, and sleeper services. They also have partnerships with other train companies to provide seamless connections for their customers.
WEST COAST TRAINS LIMITED is led by a team of experienced professionals, including the Managing Director, Finance Director, and Operations Director. They are dedicated to providing safe, reliable, and efficient train services to their customers.
As part of their sustainability program, the company has implemented energy-efficient measures, such as using regenerative braking systems to reduce energy consumption. They have also invested in new, more eco-friendly trains that emit lower levels of carbon emissions.
In addition, the company has a recycling program in place and encourages its employees and customers to reduce waste and recycle whenever possible. They also support local communities by providing employment opportunities and sponsoring local events and charities.
To stay connected with their customers, WEST COAST TRAINS LIMITED has a user-friendly website where customers can book tickets, check train schedules, and get updates on any disruptions or delays. The company's registered office address is in Glasgow, Scotland.
In conclusion, WEST COAST TRAINS LIMITED is a leading train operating company in the UK that is committed to sustainability and providing high-quality train services to its customers. Through their initiatives, they are making a positive impact on the environment and local communities.