| 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 UK registered company incorporated in 1995, originally named Intercity West Coast Limited before its current name was adopted in 1997. Companies House records its business activity under the SIC code for interurban passenger rail transport, indicating it operates as a train operating business. The company remains active, filing regular accounts and confirmation statements, with its registered office in London. No further detail on specific routes, fleet or trading brand is confirmed by the available records, beyond its classification as a passenger rail transport operator.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · data.companieshouse.gov.uk