PROGRESS RAIL SERVICES UK LIMITED
Company Information
- Company Number
- 07545889
- Registered Address
- Osmaston Street, Sandiacre, Nottingham, England, NG10 5AN
- Status
- Active
- Employee Count
- 459
- Turnover
- £59,191,000
- EBITDA
- £5,209,000
Additional Details
- Website
- https://progressrail.com
- Company Type
- Private limited Company
- Incorporated On
- 28 February 2011
- Nature of Business
- 42120 - Construction of railways and underground railways
- Industries
- Property, Infrastructure And Construction
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for PROGRESS RAIL SERVICES UK LIMITED to pay invoices to suppliers has fluctuated over the past three periods. In the first period (2019-01-01 to 2019-06-30), the company averaged 60 days to pay invoices. This increased to an average of 69 days in the second period (2019-07-01 to 2019-12-31) before decreasing to 65 days in the third period (2020-01-01 to 2020-06-30). In the most recent period (2020-07-01 to 2020-12-31), there was a slight decrease to an average of 61 days. Overall, there has been a downward trend in the average time taken to pay invoices, with the exception of the second period.
Volatility Analysis
The volatility in the average time taken to pay invoices for PROGRESS RAIL SERVICES UK LIMITED has been relatively low over the past three periods. The largest change occurred between the first and second periods, with a difference of 9 days. The smallest change was between the third and fourth periods, with only a 4 day difference. Overall, there has been some fluctuation in the average time taken to pay invoices, but it has not been significant.
Summary Analysis
In the first period (2019-01-01 to 2019-06-30), PROGRESS RAIL SERVICES UK LIMITED had an average time of 60 days to pay invoices, with 12% of invoices paid within 30 days, 44% paid between 31 and 60 days, and 44% paid later than 60 days. In the following two periods, there was an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, in the most recent period (2020-07-01 to 2020-12-31), there was a significant increase in the percentage of invoices paid later than 60 days, with 21% of invoices falling into this category. This is also the period with the highest percentage of invoices not paid within agreed terms (21%). The shortest (or only) standard payment period for the company has remained consistent at 30 days.
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 Jan 2025 - 30 Jun 2025 | 10 Jul 2025 | 56 | 5% | 64% | 31% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 18 Jul 2024 | 64 | 3% | 44% | 53% | 16% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 66 | 5% | 43% | 52% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 63 | 5% | 47% | 48% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 61 | 6% | 47% | 47% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 61 | 6% | 47% | 46% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 58 | 12% | 44% | 44% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 59 | 21% | 36% | 43% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 61 | 20% | 36% | 44% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 18 Aug 2020 | 65 | 13% | 42% | 45% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 69 | 9% | 46% | 45% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 13 Nov 2019 | 60 | 12% | 44% | 44% | 14% |
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
Progress Rail's Standard payment terms are End of month plus 60 days from receipt of invoice unless alternative payment terms are contractually agreed (i.e. 60 days/end of month).
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Where a vendor needs to query an invoice for payment, they will first need to either: contact the buyer directly or; contact our accounts payable team by phone or by email and this will be investigated as applicable with a view to responding ASAP.
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
PROGRESS RAIL SERVICES UK LIMITED is a leading provider of rail products and services in the United Kingdom. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.
Their sustainability program includes reducing energy consumption, waste management, and promoting the use of renewable energy sources. They also prioritize the use of sustainable materials in their products and services.
The company offers a wide range of products and services, including locomotive and railcar maintenance, rail wheel and axle manufacturing, and track maintenance equipment. They also provide innovative solutions for rail transportation, such as remote monitoring and predictive maintenance systems.
Some key people in the company include Managing Director, Simon Fletcher, and Operations Director, Chris Reilly. They lead a team of highly skilled professionals who are dedicated to providing high-quality products and services to their clients.
PROGRESS RAIL SERVICES UK LIMITED can be contacted through their website, where customers can find information on their products and services, as well as their sustainability efforts. The company's registered office address is located in Doncaster, South Yorkshire.
In conclusion, PROGRESS RAIL SERVICES UK LIMITED is a reputable company in the UK rail industry, known for its commitment to sustainability and providing top-notch products and services. With a strong leadership team and a focus on innovation, the company continues to be a leader in the rail sector.
