Industry ranking
Score of 82/100 qualifies for PaymentCheck Certification
| 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 |
|---|---|---|---|---|---|---|
| 04 Jul 2021 - 01 Jan 2022 | 25 Jan 2022 | 31 | 79% | 17% | 4% | 14% |
| 03 Jan 2021 - 03 Jul 2021 | 23 Jul 2021 | 31 | 79% | 16% | 5% | 13% |
| 28 Jun 2020 - 02 Jan 2021 | 26 Jan 2021 | 32 | 76% | 19% | 5% | 15% |
| 29 Dec 2019 - 27 Jun 2020 | 17 Jul 2020 | 32 | 75% | 21% | 4% | 7% |
| 30 Jun 2019 - 28 Dec 2019 | 17 Jan 2020 | 35 | 69% | 21% | 9% | 22% |
| 29 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 36 | 64% | 31% | 5% | 13% |
| 01 Jul 2018 - 29 Dec 2018 | 25 Jan 2019 | 37 | 43% | 49% | 8% | 13% |
| 31 Dec 2017 - 30 Jun 2018 | 23 Jul 2018 | 38 | 40% | 52% | 8% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
London & South Eastern Railway 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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
London & South Eastern Railway 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 Finance Service Manager who will investigate and mitigate the issue.
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 & South Eastern Railway Limited trades as Southeastern, operating the passenger rail franchise between London, Kent and parts of East Sussex since 2006. It runs one of the busiest commuter networks in the country, including the UK's first domestic high speed service using Javelin trains. Services cover routes into London termini such as Charing Cross, Victoria and St Pancras, alongside destinations across Kent and East Sussex. The company sells train tickets and railcards, provides live journey information, delay repay compensation, and accessible travel support directly to passengers via its website and app.
Generated from the company's website and Companies House records. Sources: southeasternrailway.co.uk