Industry ranking
The trend for ROTALA LIMITED in terms of average time to pay invoices has been fluctuating over the past three periods. In 2020, the company saw a significant increase in the average time to pay, reaching a high of 91 days. However, in the most recent period, the average time to pay has decreased to 60 days.
The volatility for ROTALA LIMITED in terms of average time to pay has been relatively high, with fluctuations of over 20 days in some periods. The highest volatility was seen in 2020, where the average time to pay increased by 29 days compared to the previous period.
Looking at the past three periods, ROTALA LIMITED has shown a decrease in the average time to pay invoices. In the most recent period, the average time to pay has decreased by 22 days compared to the previous period. This decrease can be attributed to an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days.
| 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 May 2023 - 30 Nov 2023 | 06 Feb 2024 | 60 | 20% | 19% | 61% | 5% |
| 01 Dec 2022 - 31 May 2023 | 31 May 2023 | 59 | 18% | 24% | 58% | 0% |
| 01 Jun 2022 - 30 Nov 2022 | 20 Dec 2022 | 58 | 18% | 26% | 56% | 0% |
| 01 Dec 2021 - 31 May 2022 | 17 Jun 2022 | 46 | 33% | 38% | 29% | 0% |
| 01 Jun 2021 - 30 Nov 2021 | 23 Dec 2021 | 35 | 40% | 53% | 7% | 0% |
| 01 Dec 2020 - 31 May 2021 | 21 Jun 2021 | 49 | 19% | 60% | 21% | 0% |
| 01 Jun 2020 - 30 Nov 2020 | 21 Jun 2021 | 62 | 26% | 47% | 27% | 0% |
| 01 Dec 2019 - 31 May 2020 | 21 Jun 2021 | 91 | 14% | 15% | 70% | 0% |
| 01 Jun 2019 - 30 Nov 2019 | 21 Jun 2021 | 80 | 17% | 12% | 70% | 0% |
| 01 Dec 2018 - 31 May 2019 | 27 Nov 2019 | 62 | 27% | 23% | 50% | 0% |
| 01 Jun 2018 - 30 Nov 2018 | 13 Jun 2019 | 61 | 22% | 30% | 49% | 71% |
| 01 Dec 2017 - 31 May 2018 | 11 Jul 2018 | 63 | 0% | 95% | 5% | 85% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most common payment term is 60 days EOM
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
90
Automatic invoice query notifications to inform suppliers of any issues with invoices
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
Rotala Limited is part of the Rotala group, formed in 2005 through the acquisition and amalgamation of local coach and bus operators. The group is one of the largest such operators in its chosen regions, believed to be the second largest bus operator in its key West Midlands area of operation. Its operating subsidiaries, including Diamond Bus Ltd, Diamond Bus East Midlands, Diamond Bus North West and Preston Bus Ltd, run local bus services under contract to local authorities as well as commercial routes across mainland Britain. Through Hallmark Connections, the group also provides VIP corporate transport and bespoke coach hire for airlines, corporate clients, education, social clubs and sporting teams.
Generated from the company's website and Companies House records. Sources: rotalaplc.com