SPEEDY TRANSPORT LIMITED
Company Information
- Company Number
- 04408263
- Registered Address
- Chase House 16 The Parks, Newton Le Willows, Merseyside, WA12 0JQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 April 2002
- Nature of Business
- 77390 - Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
- Industries
- Supply Chain, Manufacturing And Commerce Models
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SPEEDY TRANSPORT LIMITED exhibits a consistent trend of paying invoices slightly beyond a typical 30-day term, with an average payment time of 37 days. While 40% of payments are made within 30 days, a substantial 44% fall into the 31-60 day window, indicating this as their most common payment trajectory.
Volatility Analysis
Payment reliability is moderate, with only 40% consistently paying within 30 days, and a significant 16% of payments extending beyond 60 days, contributing to 14% being classified as late. This distribution suggests a degree of unpredictability in payment timing, where a supplier cannot reliably expect prompt payment for all invoices.
Summary Analysis
Suppliers should exercise caution when dealing with SPEEDY TRANSPORT LIMITED due to their consistent tendency to pay beyond 30 days and the notable percentage of payments exceeding 60 days. To mitigate risk, consider negotiating shorter payment terms, implementing stricter credit limits, or requiring partial upfront payments for significant orders.
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 2023 - 30 Sept 2023 | 27 Oct 2023 | 37 | 40% | 44% | 16% | 14% |
| 01 Oct 2022 - 31 Mar 2023 | 30 Apr 2023 | 29 | 56% | 33% | 11% | 28% |
| 01 Apr 2022 - 30 Sept 2022 | 03 Oct 2022 | 39 | 45% | 40% | 15% | 14% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 41 | 40% | 40% | 20% | 21% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Oct 2021 | 36 | 44% | 41% | 15% | 19% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 40 | 39% | 41% | 20% | 15% |
| 01 Apr 2020 - 30 Sept 2020 | 03 Nov 2020 | 41 | 44% | 31% | 25% | 24% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 35 | 48% | 36% | 16% | 21% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Nov 2019 | 35 | 46% | 39% | 15% | 15% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 34 | 52% | 32% | 16% | 15% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 33 | 50% | 38% | 12% | 20% |
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
The Company negotiates payment terms with each supplier during the procurement process. As a result, payment terms vary by supplier. The most common payment term in place is 30 days from month end although payment terms range from payment on receipt to 60 days from month end.
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
Dispute Resolution Process
Supplier invoices and payments are managed by the Payment Services team at Chase House, 16 The Parks, Newton-le-Willows, WA12 0JQ. Disputed invoices will be notified to the supplier by the Payment Services team to ensure that they are investigated and resolved in a timely manner. Invoiced items that are subject to dispute will not be paid until resolution of the dispute, whereupon payment shall be made in accordance with this policy.
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
SPEEDY TRANSPORT LIMITED is an active private limited company. Based on its name, the company provides transport services.
It was incorporated on 3 April 2002 and operates under company number 04408263. The company's registered office is located at Chase House 16 The Parks, Newton Le Willows, Merseyside, WA12 0JQ, placing its operations within the North West of England.
In the UK market, transport companies typically offer a range of services including freight forwarding, logistics solutions, haulage, and courier deliveries. These often encompass both local and national transportation of goods for various clients.
