LONDON TRANSPORT MUSEUM (TRADING) LIMITED
Company Information
- Company Number
- 06527755
- Registered Address
- 5 Endeavour Square, London, United Kingdom, E20 1JN
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 March 2008
- Nature of Business
- 91020 - Museums activities
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
LONDON TRANSPORT MUSEUM (TRADING) LIMITED exhibits a strong trend of prompt payments, with an average payment time of 19 days and 94% of invoices settled within 30 days. This consistent pattern indicates a reliable operational tempo for invoice processing, suggesting swift settlement for the vast majority of transactions. The trajectory points towards a consistent focus on rapid payment processing.
Volatility Analysis
Despite the strong average payment time, a significant 42% of payments are classified as "late," indicating a notable portion miss their contractual due dates. While only 6% extend beyond 30 days, this high "late" percentage introduces an element of unpredictability regarding exact payment timing relative to due dates. The primary risk factor lies in potential cash flow disruptions for suppliers who strictly rely on payment terms, even if the eventual settlement is generally quick.
Summary Analysis
Overall, LONDON TRANSPORT MUSEUM (TRADING) LIMITED demonstrates a strong operational capacity for prompt payments, with most invoices settled well within typical net-30 terms. Suppliers should consider the 42% late payment rate as a key decision factor, potentially requiring slightly longer buffer periods than strict due dates or proactive communication for critical invoices. To mitigate risk, suppliers could establish clear payment term expectations and implement early warning systems for invoices approaching or past their due date.
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 2024 - 31 Mar 2025 | 29 Apr 2025 | 25 | 78% | 16% | 6% | 52% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 18 | 94% | 5% | 1% | 35% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 19 | 94% | 4% | 2% | 42% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 25 | 92% | 5% | 3% | 40% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 34 | 89% | 5% | 6% | 42% |
| 01 Apr 2022 - 30 Sept 2022 | 30 Oct 2022 | 21 | 92% | 6% | 2% | 43% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 20 | 91% | 7% | 2% | 47% |
| 01 Apr 2021 - 30 Sept 2021 | 30 Nov 2021 | 18 | 93% | 6% | 1% | 58% |
| 01 Oct 2020 - 31 Mar 2021 | 28 May 2021 | 19 | 89% | 8% | 3% | 58% |
| 01 Apr 2020 - 30 Sept 2020 | 07 Jan 2021 | 12 | 93% | 6% | 1% | 33% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 12 | 96% | 3% | 1% | 25% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Jan 2021 | 11 | 96% | 3% | 1% | 20% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 14 | 96% | 3% | 1% | 28% |
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
30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
no
Maximum contractual payment period agreed
30
Dispute Resolution Process
Transport for London and its subsidiaries has enhanced its automatic communication with suppliers enabling them to be notified of any issues preventing an invoice from being processed for payment. Suppliers are notified in writing if there may be a delay in payment of invoices. Information on this process can be found at https://tfl.gov.uk/info-for/suppliers-and-contractors/recieving-orders-and-getting-paid#on-this-page-3
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 TRANSPORT MUSEUM (TRADING) LIMITED is an active private limited company that conducts commercial operations associated with the London Transport Museum. This organisation operates as a distinct trading entity.
The company was incorporated on 7 March 2008 and holds the company number 06527755. Its registered office is situated at 5 Endeavour Square, London, United Kingdom, E20 1JN.
Typically, a private limited company operating as a trading arm for a museum in the UK market provides a range of commercial services. These often include the sale of merchandise and gifts, managing catering facilities, and offering venue hire or event services.
