Industry ranking
Score of 89.65/100 qualifies for PaymentCheck Certification
| 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 2020 - 31 Dec 2020 | 08 Feb 2021 | 15 | 83% | 14% | 3% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 17 | 85% | 11% | 4% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Oct 2019 | 16 | 85% | 11% | 4% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 20 Feb 2019 | 14 | 87% | 10% | 3% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 17 | 85% | 10% | 5% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Company policy is to pay suppliers within the agreed credit terms of 30 days from the date of the invoice. We will only accept an invoice for processing once it fulfills the criteria required as stated within our contractual terms and conditions.
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
30
Any payment disputes are settled between the Requisitioner (owner and requestor of the purchase order), the accounts payable team and, if necessary, the supplier.
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
Heathrow Express Operating Company Limited operates the Heathrow Express rail service, a non-franchised, non-subsidised private train service running up to 150 daily services between London Paddington and Heathrow Airport. Launched in 1998, its non-stop trains take fifteen minutes to Terminals 2 and 3, with a further six minutes to Terminal 5. It carries an average of 17,000 passengers daily and has transported over 100 million since launch. The company sells various ticket types, including singles, returns and carnets, across Standard and PREMIER+ classes, alongside corporate rates for business partners. Tickets can be bought online, via app, at station machines or through staff, with pay as you go card and Oyster options also available.
Generated from the company's website and Companies House records. Sources: heathrowexpress.com · heathrowexpress.com