Industry ranking
| 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 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 53 | 60% | 20% | 20% | 40% |
| 01 May 2019 - 31 Oct 2019 | 13 Nov 2019 | 24 | 75% | 25% | 0% | 17% |
| 28 Oct 2018 - 27 Apr 2019 | 22 May 2019 | 19 | 81% | 19% | 0% | 22% |
| 29 Apr 2018 - 27 Oct 2018 | 27 Nov 2018 | 20 | 73% | 27% | 0% | 33% |
| 31 Oct 2017 - 28 Apr 2018 | 04 May 2018 | 17 | 94% | 6% | 0% | 35% |
| 30 Apr 2017 - 30 Oct 2017 | 28 Nov 2017 | 17 | 79% | 21% | 0% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is the Group’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
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 escalate in the first instance to the relevant Head of Department 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
Scoto Limited is a registered UK company whose Companies House classification is head office activities, and its registered office is care of Stagecoach Services Limited. This indicates it operates as a holding or administrative entity within the Stagecoach corporate group. The wider Stagecoach group is one of the UK's largest bus and coach operators, running local, interurban and sightseeing bus services, school and student travel, and tailored transport through its Stagecoach Solutions arm, serving around three million passengers daily across more than 100 towns and cities. No evidence indicates that Scoto Limited itself directly operates bus services; its role appears limited to a head office or corporate function supporting the group's structure.
Generated from the company's website and Companies House records. Sources: stagecoachbus.com · stagecoachbus.com