GO SOUTH COAST LIMITED
Company Information
- Company Number
- 03949597
- Registered Address
- 3rd Floor 41-51 Grey Street, Newcastle Upon Tyne, NE1 6EE
- Status
- Active
- Employee Count
- 1,661
- Turnover
- £105,348,000
- EBITDA
- £16,357,000
Additional Details
- Website
- https://islandbuses.info/
- Company Type
- Private limited Company
- Incorporated On
- 16 March 2000
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Travel And Transportation
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for GO SOUTH COAST LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2020 followed by an increase in 2021. However, it has remained relatively consistent overall.
Volatility Analysis
The volatility of the average time taken for GO SOUTH COAST LIMITED to pay invoices has been relatively low, with only a 3% increase or decrease in most categories.
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 |
|---|---|---|---|---|---|---|
| 02 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 28 | 87% | 10% | 3% | 10% |
| 01 Jan 2023 - 01 Jul 2023 | 21 Jul 2023 | 30 | 79% | 16% | 5% | 13% |
| 03 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 32 | 73% | 21% | 6% | 16% |
| 02 Jan 2022 - 02 Jul 2022 | 28 Jul 2022 | 29 | 78% | 20% | 2% | 9% |
| 04 Jul 2021 - 01 Jan 2022 | 25 Jan 2022 | 38 | 37% | 54% | 9% | 23% |
| 03 Jan 2021 - 03 Jul 2021 | 23 Jul 2021 | 55 | 20% | 51% | 29% | 62% |
| 28 Jun 2020 - 02 Jan 2021 | 26 Jan 2021 | 37 | 24% | 70% | 6% | 27% |
| 29 Dec 2019 - 27 Jun 2020 | 17 Jul 2020 | 34 | 33% | 63% | 4% | 15% |
| 30 Jun 2019 - 28 Dec 2019 | 17 Jan 2020 | 32 | 43% | 54% | 3% | 11% |
| 29 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 32 | 43% | 53% | 4% | 10% |
| 01 Jul 2018 - 29 Dec 2018 | 25 Jan 2019 | 35 | 27% | 70% | 3% | 23% |
| 31 Dec 2017 - 30 Jun 2018 | 23 Jul 2018 | 35 | 29% | 68% | 3% | 17% |
| 02 Jul 2017 - 30 Dec 2017 | 26 Jan 2018 | 34 | 39% | 58% | 3% | 17% |
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
Go South Coast Limited, subsidiary company of The Go-Ahead Group, follow group policy and agree appropriate terms of payment with suppliers for each transaction or series of transactions, and abide by those terms once suppliers present a valid invoice. The company normally settles trade payables on 30 day terms and these invoices are paid in the week following their due date, however variations to these terms do exist based on agreements with certain suppliers. There have been no changes to the standard payment terms in the reporting period.
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
60
Dispute Resolution Process
Go South Coast Limited is committed to paying our suppliers in an honest, prompt and professional manner while seeking best value for the business. We endeavour to resolve any invoice queries as quickly as possible, communication between the Accounts Payable team and the relevant supplier is instigated to resolve the matter. In the event that a dispute cannot be resolved by our accounts team, it would be escalated to the Shared Service Manager who will investigate and mitigate the issue.
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
GO SOUTH COAST LIMITED is a leading transportation company in the UK, providing bus and coach services in the southern region. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes using low-emission vehicles, investing in renewable energy sources, and promoting eco-friendly practices among employees and customers. GO SOUTH COAST LIMITED also partners with local organizations to support community initiatives and reduce carbon footprint.
The company offers a wide range of products and services, including local and regional bus services, coach hire, and travel packages. They strive to provide reliable, affordable, and comfortable transportation options for their customers.
Key people in GO SOUTH COAST LIMITED include Managing Director, Andrew Wickham and Director of Operations, Jeremy Cooper. The company prides itself on its dedicated team of employees who work tirelessly to ensure safe and efficient operations.
To contact GO SOUTH COAST LIMITED, customers can visit their website at www.gosouthcoast.co.uk or reach out to their registered office at 12 Bournemouth Road, Poole, Dorset, BH14 0ES. With their strong commitment to sustainability and quality services, GO SOUTH COAST LIMITED continues to be a trusted and preferred transportation company in the UK.
