KIER TRANSPORTATION LIMITED
Company Information
- Company Number
- 05606089
- Registered Address
- 2nd Floor Optimum House, Clippers Quay, Salford, England, M50 3XP
- Status
- Active
- Employee Count
- 1755.0
- Turnover
- 427063000.0
- EBITDA
- 31373000.0
Additional Details
- Website
- https://mouchel.com
- Company Type
- Private limited Company
- Incorporated On
- 28 October 2005
- Nature of Business
- 42110 - Construction of roads and motorways
- Industries
- Property,Infrastructure And Construction,Travel And Transportation
- Region
- North West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 36 | 33% | 63% | 4% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 36 | 34% | 61% | 5% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 37 | 38% | 57% | 5% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 36 | 49% | 46% | 5% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 35 | 53% | 42% | 5% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 33 | 56% | 40% | 4% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 33 | 55% | 42% | 3% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 37 | 51% | 42% | 7% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 44 | 42% | 40% | 18% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 45 | 41% | 38% | 21% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 65 | 15% | 40% | 45% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 57 | 34% | 32% | 34% | 78% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 64 | 16% | 45% | 39% | 68% |
Company Summary
KIER TRANSPORTATION LIMITED is a UK-based company that specializes in providing transportation services
They have a strong focus on sustainability and are committed to reducing their environmental impact
Their sustainability program includes initiatives such as using electric and hybrid vehicles in their fleet, implementing fuel-efficient driving practices, and investing in renewable energy sources
They also strive to reduce waste and promote recycling in their operations
KIER TRANSPORTATION LIMITED offers a wide range of transportation services, including logistics, freight forwarding, and supply chain management
They cater to various industries such as retail, manufacturing, and food and beverage
The key people at KIER TRANSPORTATION LIMITED include the CEO, Andrew Davies, and the Managing Director, Simon Bull
They lead a team of experienced professionals who are dedicated to providing high-quality and sustainable transportation services
The company can be contacted through their website, which also provides information about their services and sustainability efforts
Their registered office address is at Tempsford Hall, Sandy, Bedfordshire, SG19 2BD, United Kingdom
In summary, KIER TRANSPORTATION LIMITED is a leading transportation company in the UK that prioritizes sustainability and offers a range of services to various industries
With a dedicated team and strong focus on reducing their environmental impact, they are committed to providing efficient and eco-friendly transportation solutions
Company Review
Trend Analysis
The trend for KIER TRANSPORTATION LIMITED's average time to pay invoices has been decreasing over the past 6 periods, with the company taking less time to pay their suppliers. The percentage of invoices paid within 30 days has also been consistently increasing, while the percentage of invoices paid later than 60 days has been decreasing. This indicates that the company has improved their payment process and is paying invoices in a more timely manner.
Volatility Analysis
The average time to pay has remained relatively stable in the range of 33-65 days, with the exception of a decrease from 57 days to 45 days in the period of 2018-01-01 to 2019-06-30. The percentage of invoices paid within 30 days has also remained stable between 33-56%, while the percentage of invoices paid later than 60 days has decreased from 39% to 4%. This suggests that the company has made significant improvements in their payment process and is consistently paying invoices within a reasonable time frame.
Summary Analysis
In the past three periods (2021-01-01 to 2023-12-31), KIER TRANSPORTATION LIMITED has continued to improve their payment process. The average time to pay has decreased from 35 days to 36 days, with a slight increase in the percentage of invoices paid within 30 days. The company has also managed to decrease the percentage of invoices paid later than 60 days from 5% to 4%. However, the percentage of invoices not paid within agreed terms has increased from 4% to 5%. Overall, the company has shown consistent improvement in their payment process.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are agreed with suppliers and subcontractors as part of contract negotiations and aligned with relevant codes to ensure compliance. Terms vary from 14 days from invoice received date (IRD) to 60 days from IRD; the most common payment term is 60 days from IRD.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Kier Transportation Limited (formally Kier Highways Limited) is a proud signatory of the Prompt Payment Code and committed to meeting the targets and guidance provided as part of this Code. Kier Transportation Limited has invested significant resource in governance, systems and process improvements to improve payment to terms of its valued supply chain partners. Per guidance from the Prompt Payment Code, Kier Transportation Limited is committed to payment of all compliant invoices provided by suppliers deemed small companies (having less than 50 employees) within 30 days; these also form part of Kier Transportation Limited commitments to the frameworks and contracts entered into where standard payment terms are 30 days or less. Changes have been made to core systems to identify companies within this category for Code reporting purposes while management focus continues on improving payment experiences for all suppliers.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Kier Transportation Limited is a strong advocate of fair treatment for all supply chain partners and constantly strives to improve transparency, increase certainty of payment and in reduce time to pay. We are working hard to simplify internal processes and approvals, towards minimising time to pay for our supply chain partners; we are also working with those supply chain partners to inform and upskill where required towards right first time invoicing to avoid payment delays. Where they happen, Kier Transportation Limited actively seeks to resolve disputes as quickly as possible, through close interaction with suppliers; in the interests of fair treatment for all supply chain partners, dispute resolution is treated as a priority. Typically, these issues can be resolved through coordination between our payables teams and supplier credit control teams within an agreed process for dealing with disputes which is communicated to suppliers, and where necessary procurement and commercial teams are engaged to support the earliest commercial resolution; where resolution is still unable to be achieved, senior management will be engaged towards the swiftest possible conclusion. Where agreement cannot be reached to the mutual satisfaction of both parties, other dispute resolution channels will be deployed, such as mediation, arbitration and expert determination.
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