GOVIA THAMESLINK RAILWAY LIMITED
Company Information
- Company Number
- 07934306
- Registered Address
- 3rd Floor, 41-51 Grey Street, Newcastle Upon Tyne, NE1 6EE
- Status
- Active
- Employee Count
- 7,436
- Turnover
- £1,661,361,000
- EBITDA
- £325,191,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 February 2012
- Nature of Business
- 49100 - Passenger rail transport, interurban
- Industries
- Travel And Transportation
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for GOVIA THAMESLINK RAILWAY LIMITED to pay invoices to suppliers has decreased gradually over the past 6 years, from 35 days in 2017 to 29 days in 2023. This suggests that the company has been working towards improving their payment processes and paying invoices in a timely manner.
Volatility Analysis
There is a slight volatility in the percentage of invoices paid within 30 days, with a peak of 88% in 2022 and a low of 57% in 2018. However, overall, the company has maintained a high percentage of invoices paid within 30 days, indicating a consistent effort towards prompt payment.
Summary Analysis
From 2017 to 2023, GOVIA THAMESLINK RAILWAY LIMITED has gradually reduced their average time taken to pay invoices, from 35 days to 29 days. The company has also consistently maintained a high percentage of invoices paid within 30 days, ranging from 57% to 88%. However, the percentage of invoices paid between 31 and 60 days has seen a slight increase, from 32% in 2018 to 14% in 2023. The company has also shown improvement in paying invoices later than 60 days, with a decrease from 7% in 2018 to 1% in 2023. The shortest standard payment period has remained at 7 days throughout all periods.
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 |
|---|---|---|---|---|---|---|
| 02 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 29 | 84% | 14% | 2% | 4% |
| 01 Jan 2023 - 01 Jul 2023 | 21 Jul 2023 | 29 | 85% | 14% | 1% | 4% |
| 03 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 33 | 74% | 22% | 4% | 8% |
| 02 Jan 2022 - 02 Jul 2022 | 28 Jul 2022 | 30 | 88% | 10% | 2% | 5% |
| 04 Jul 2021 - 01 Jan 2022 | 25 Jan 2022 | 29 | 85% | 14% | 1% | 4% |
| 03 Jan 2021 - 03 Jul 2021 | 23 Jul 2021 | 29 | 85% | 13% | 2% | 5% |
| 28 Jun 2020 - 02 Jan 2021 | 26 Jan 2021 | 29 | 86% | 12% | 2% | 6% |
| 29 Dec 2019 - 27 Jun 2020 | 17 Jul 2020 | 30 | 83% | 15% | 2% | 15% |
| 30 Jun 2019 - 28 Dec 2019 | 17 Jan 2020 | 30 | 83% | 14% | 3% | 7% |
| 29 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 32 | 71% | 25% | 4% | 13% |
| 01 Jul 2018 - 29 Dec 2018 | 25 Jan 2019 | 36 | 57% | 36% | 7% | 16% |
| 31 Dec 2017 - 30 Jun 2018 | 23 Jul 2018 | 35 | 62% | 32% | 6% | 14% |
| 02 Jul 2017 - 30 Dec 2017 | 26 Jan 2018 | 35 | 58% | 37% | 5% | 11% |
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
Govia Thameslink 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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Govia Thameslink 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 Shared Service Manager who will investigate and mitigate the issue.
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
GOVIA THAMESLINK RAILWAY LIMITED is a train operating company in the United Kingdom that operates under the Govia brand, which is a joint venture between the Go-Ahead Group (65%) and Keolis (35%). The main goal of the company is to provide safe, efficient, and reliable train services to customers, while also promoting sustainability and reducing their environmental impact.
As part of their sustainability program, GOVIA THAMESLINK RAILWAY LIMITED has implemented various initiatives to reduce their carbon footprint and promote environmentally-friendly practices. This includes using energy-efficient trains, promoting paperless ticketing, and reducing waste through recycling and sustainable procurement practices.
The company offers a variety of products and services, including commuter and long-distance train services, as well as ticketing options such as season tickets and group travel. They also offer a range of discounts and promotions for customers, including discounts for seniors and students.
The key people in GOVIA THAMESLINK RAILWAY LIMITED include CEO Patrick Verwer, who oversees the day-to-day operations of the company, and Managing Director Tom Moran, who is responsible for the overall management and strategic direction of the business.
Customers can contact GOVIA THAMESLINK RAILWAY LIMITED through their website (www.thameslinkrailway.com) or by calling their customer service hotline. Their registered office address is 3rd Floor, 41-51 Grey Street, Newcastle upon Tyne, NE1 6EE.
In summary, GOVIA THAMESLINK RAILWAY LIMITED is a leading train operating company in the UK that is committed to providing sustainable and efficient train services. With a strong focus on reducing their environmental impact and offering a range of products and services, the company continues to play a significant role in the country's transportation industry.
