Industry ranking
| 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 Apr 2022 - 30 Sept 2022 | 24 Nov 2022 | 21 | 51% | 49% | 1% | 34% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
London North Eastern Railway Limited, trading as LNER, operates inter-city passenger rail services along the East Coast Main Line, connecting London King's Cross with destinations including York, Leeds, Newcastle, Edinburgh and Inverness. The company sells train tickets, season tickets and railcards, and provides onboard services such as food, drink and Wi-Fi, alongside a mobile app for journey updates and bookings. It took over operations from Virgin Trains East Coast in June 2018. LNER is publicly owned, headquartered in York, with its parent company being DfT Operator Limited, the government's public sector rail owning group, which itself is owned by the Secretary of State for Transport. The registered company operates the rail franchise rather than owning the wider group's other train operators.
Generated from the company's website and Companies House records. Sources: lner.co.uk · lner.co.uk