ABELLIO LONDON LTD
Company Information
- Company Number
- 03786162
- Registered Address
- 301 Camberwell New Road, London, SE5 0TF
- Status
- Active
- Employee Count
- 1567.0
- Turnover
- 162411000.0
- EBITDA
- 20379000.0
Additional Details
- Website
- https://abellio.com
- Company Type
- Private limited Company
- Incorporated On
- 10 June 1999
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Travel And Transportation
- Region
- London
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 20 | 94% | 4% | 2% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 19 | 94% | 3% | 3% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 20 | 94% | 3% | 3% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 21 | 92% | 4% | 4% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 27 | 79% | 15% | 6% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 25 | 90% | 5% | 5% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 23 | 88% | 7% | 5% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 22 | 90% | 6% | 4% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 22 | 91% | 6% | 3% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 21 | 92% | 5% | 3% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 29 Jul 2018 | 26 | 86% | 8% | 6% | 30% |
Company Summary
ABELLIO LONDON LTD is a leading public transport company that operates in various parts of London
It is a subsidiary of the Dutch multinational transport company, Abellio
The company provides sustainable transport solutions to the residents and visitors of London
Their services include bus, rail, and tram operations, as well as managing the iconic London bus network
As part of their sustainability program, ABELLIO LONDON LTD is committed to reducing their carbon footprint and promoting environmentally friendly practices
They have implemented various initiatives such as using low-emission buses, installing energy-efficient lighting in their facilities, and promoting the use of public transport to reduce air pollution
Their products and services aim to provide efficient and reliable transportation to the people of London
They have a fleet of modern buses and trains, equipped with the latest technology to ensure a comfortable and safe journey for passengers
Some key people in ABELLIO LONDON LTD include the Managing Director, David Brown, who has over 30 years of experience in the transport industry, and the Operations Director, Tony Wilson, who has been with the company for over 10 years
For more information on the company and their services, interested individuals can visit their website at www.abellio.co.uk/london
The registered office address for ABELLIO LONDON LTD is 5th Floor, 10B Atlantic Quay, Broomielaw, Glasgow, G2 8JH
Company Review
Trend Analysis
The data for Abellio London Ltd shows a general trend of decreasing average time to pay invoices, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also been consistently high, with a slight dip in the most recent period. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while the percentage of invoices paid later than 60 days has fluctuated between 2-5%. The percentage of invoices not paid within agreed terms has also remained low, with a significant decrease in the most recent period.
Volatility Analysis
The data for Abellio London Ltd shows low volatility in terms of the average time to pay invoices, with only a slight increase in the most recent period. The percentage of invoices paid within 30 days has also remained consistent, with a slight dip in the most recent period. The percentage of invoices paid between 31 and 60 days has shown some volatility, with a slight increase in the most recent period. The percentage of invoices paid later than 60 days has also shown some volatility, with a significant increase in the most recent period. The percentage of invoices not paid within agreed terms has shown low volatility, with a significant decrease in the most recent period.
Summary Analysis
Overall, there has been a slight increase in the average time to pay invoices for Abellio London Ltd in the most recent period, but it remains relatively low at 27 days. The company has consistently paid a high percentage of invoices within 30 days, with a slight dip in the most recent period at 79%. The percentage of invoices paid between 31 and 60 days has remained stable at 15%, while the percentage of invoices paid later than 60 days has fluctuated between 2-6%. The percentage of invoices not paid within agreed terms has also remained low, with a significant decrease in the most recent period at 14%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are 15 days and 30 days. Some of our suppliers are being paid immediately - 0 days, and some are on payment terms to be paid on the 24th of the following month.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
54
Dispute Resolution Process
In the ordinary course of business, a purchase order is raised and approved in advance of an invoice being received. Where there is a dispute with a supplier this is resolved by the approver of the purchase order. Where an invoice is received and there is no approved purchase order in place, any dispute is resolved by the manager responsible for the department which the invoice relates to. Where no agreement can be reached, the matter will be escalated through the management of the relevant department, ultimately to the Finance Director if required.
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.
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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