LONDON BUS SERVICES LIMITED
Company Information
- Company Number
- 03914787
- Registered Address
- 5 Endeavour Square, London, United Kingdom, E20 1JN
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 January 2000
- Nature of Business
- 49390 - Other passenger land transport
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LONDON BUS SERVICES LIMITED exhibits a strong positive trend in payment speed, with an average payment time of 18 days. A significant 93% of invoices are consistently settled within 30 days, indicating a highly efficient and reliable payment process. This trajectory suggests a dependable pattern of prompt settlement, which is very favorable for suppliers.
Volatility Analysis
While payment reliability is generally very high, with most invoices paid quickly, a 14% late payment rate introduces a minor degree of unpredictability for some transactions. Furthermore, 1% of payments extending beyond 60 days represents a small but tangible risk of significant delay for a subset of invoices. Suppliers should acknowledge this low volatility tail, although the overall pattern is highly stable.
Summary Analysis
Overall, LONDON BUS SERVICES LIMITED presents a very strong payment profile, characterized by an average 18-day payment time and 93% settlement within 30 days. Suppliers can confidently expect timely payments, but should be mindful of the 14% late payment rate and the rare instance of payments exceeding 60 days. For critical invoices, establishing clear payment terms and monitoring any invoices approaching the late threshold is a prudent risk mitigation strategy.
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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 18 | 93% | 6% | 1% | 14% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 19 | 88% | 9% | 3% | 18% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 20 | 87% | 11% | 2% | 18% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 18 | 89% | 10% | 1% | 16% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 19 | 87% | 12% | 1% | 19% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 18 | 89% | 9% | 2% | 16% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 30 | 87% | 10% | 3% | 17% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 33 | 91% | 4% | 5% | 13% |
| 01 Apr 2021 - 30 Sept 2021 | 30 Nov 2021 | 34 | 88% | 8% | 4% | 17% |
| 01 Oct 2020 - 31 Mar 2021 | 28 May 2021 | 17 | 94% | 3% | 3% | 27% |
| 01 Apr 2020 - 30 Sept 2020 | 07 Jan 2021 | 10 | 97% | 2% | 1% | 37% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 12 | 96% | 3% | 1% | 30% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Jan 2021 | 1 | 98% | 1% | 1% | 28% |
| 01 Oct 2018 - 30 Mar 2019 | 30 Apr 2019 | 13 | 96% | 3% | 1% | 34% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 18 | 91% | 6% | 3% | 36% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
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
Dispute Resolution Process
Transport for London and its subsidiaries has enhanced its automatic communication with suppliers enabling them to be notified of any issues preventing an invoice from being processed for payment. Suppliers are notified in writing if there may be a delay in payment of invoices. Information on this process can be found at https://tfl.gov.uk/info-for/suppliers-and-contractors/recieving-orders-and-getting-paid#on-this-page-3
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
LONDON BUS SERVICES LIMITED is an active private limited company
Its name identifies the company as providing bus services within London
The company was incorporated on 24 January 2000 with company number 03914787
Its registered office is located at 5 Endeavour Square, London, United Kingdom, E20 1JN
Organisations specialising in bus services typically provide scheduled public passenger transport
This involves operating defined routes, adhering to timetables, and maintaining a fleet of vehicles and associated infrastructure
Such services are fundamental for urban and regional connectivity
