LONDON NORTH EASTERN RAILWAY LIMITED
Company Information
- Company Number
- 04659712
- Registered Address
- West Offices, Station Rise, York, England, YO1 6GA
- Status
- Active
- Employee Count
- 3,010
- Turnover
- £824,286,000
- EBITDA
- £182,139,000
Additional Details
- Website
- https://lner.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 7 February 2003
- Nature of Business
- 49100 - Passenger rail transport, interurban
- Industries
- Travel And Transportation
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Oct 2022 - 31 Mar 2023 | 07 Jul 2023 | 17 | 62% | 36% | 2% | 36% |
| 01 Oct 2021 - 31 Mar 2022 | 13 May 2022 | 18 | 56% | 43% | 1% | 34% |
| 01 Apr 2021 - 30 Sept 2021 | 08 Oct 2021 | 17 | 65% | 34% | 1% | 35% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 18 | 77% | 22% | 1% | 35% |
| 01 Apr 2020 - 30 Sept 2020 | 09 Oct 2020 | 13 | 92% | 7% | 1% | 51% |
| 01 Oct 2019 - 31 Mar 2020 | 09 Oct 2020 | 12 | 89% | 10% | 1% | 45% |
| 01 Apr 2019 - 30 Sept 2019 | 09 Oct 2020 | 68 | 81% | 17% | 2% | 58% |
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
Standard payment terms are 'end of following month of date of invoice'
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Invoice disputes are raised with the Accounts Payable team in the first instance and resolved with Business/ Supplier co-operation. Contract issues are rasied with Procurement by the Supplier.
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 NORTH EASTERN RAILWAY LIMITED (LNER) is a train operating company in the United Kingdom, providing services on the East Coast Main Line. The company was founded in 2018 and is headquartered in York, with a registered office in London.
LNER offers a range of train services, including intercity trains connecting London with cities such as Edinburgh, Leeds, and Newcastle. The company also operates local services in the North East of England and Scotland. LNER is committed to providing a safe, efficient, and reliable service for its customers.
In addition to its transport services, LNER has a strong focus on sustainability. The company has implemented various initiatives to reduce its environmental impact, such as using renewable energy sources and reducing waste. LNER is also working towards becoming a carbon-neutral company by 2025.
The key people at LNER include David Horne, the Managing Director, and Karen Lewis, the Chief Customer Officer. Both have extensive experience in the rail industry and are dedicated to the success of the company.
Customers can contact LNER through their website, where they can find information on train times, fares, and purchase tickets. The company also has a customer service team available via phone or email for any inquiries or assistance.
In conclusion, LNER is a leading train operating company in the UK, providing efficient and sustainable services for its customers. With its commitment to sustainability and a dedicated team of professionals, LNER continues to be a reliable and responsible choice for train travel.
