EAST COAST MAIN LINE COMPANY LIMITED
Company Information
- Company Number
- 04659708
- Registered Address
- C/O Interpath Limited, 10 Fleet Place, London, EC4M 7RB
- Status
- Liquidation
- Employee Count
- 0
- Turnover
- £199,000
- EBITDA
- £1,144,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 February 2003
- Nature of Business
- 49100 - Passenger rail transport, interurban52212 - Operation of rail passenger facilities at railway stations
- Industries
- Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for EAST COAST MAIN LINE COMPANY LIMITED has decreased by 3 days from 32 days in Sep 2017 to 29 days in Mar 2018.
Volatility Analysis
The average time to pay for EAST COAST MAIN LINE COMPANY LIMITED has shown a consistent decrease in the three periods.
Summary Analysis
The average time to pay for EAST COAST MAIN LINE COMPANY LIMITED has decreased by 3 days in the three periods analysed, showing a trend of improving payment efficiency.
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 |
|---|---|---|---|---|---|---|
| 17 Sept 2017 - 31 Mar 2018 | 29 May 2018 | 29 | 70% | 22% | 8% | 14% |
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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
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 escalated in the first instance to the relevant Head of Department to seek a resolution.
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
EAST COAST MAIN LINE COMPANY LIMITED is a UK-based railway company that operates the East Coast Main Line, a major railway connecting London to Edinburgh. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
One of the key sustainability programs of EAST COAST MAIN LINE COMPANY LIMITED is its Green Travel Plan, which encourages employees and customers to use more sustainable modes of transportation. The company also has a goal to reduce its carbon emissions by 50% by 2025.
In terms of products and services, EAST COAST MAIN LINE COMPANY LIMITED offers both passenger and freight services along the East Coast Main Line. Their passenger services include high-speed trains, sleeper trains, and first-class amenities. The company also offers freight services for businesses, with a focus on reducing carbon emissions through efficient routing and use of eco-friendly technologies.
The key people at EAST COAST MAIN LINE COMPANY LIMITED include the managing director, who oversees the day-to-day operations, and the director of sustainability, who leads the company's sustainability efforts. The company also has a team of dedicated employees who work towards achieving their sustainability goals.
For more information, the website address of EAST COAST MAIN LINE COMPANY LIMITED is https://www.eastcoast.co.uk/. Their registered office address is 10th Floor, 40 Bank Street, London, E14 5NR. Customers can also contact the company through their customer service hotline at 03457 225 225.
