TOWER TRANSIT OPERATIONS LTD
Company Information
- Company Number
- 08314506
- Registered Address
- No1. London Bridge, London, England, SE1 9BG
- Status
- Active
- Employee Count
- 11
- Turnover
- £0
- EBITDA
- -£2,384,000
Additional Details
- Website
- https://towertransit.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 30 November 2012
- Nature of Business
- 49319 - Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
- Industries
- Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2023 - 31 Mar 2024 | 29 Apr 2024 | 15 | 90% | 8% | 2% | 9% |
| 01 Apr 2023 - 30 Sept 2023 | 08 Nov 2023 | 13 | 89% | 11% | 0% | 11% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 11 | 93% | 7% | 0% | 7% |
| 01 Apr 2022 - 30 Sept 2022 | 01 Nov 2022 | 21 | 91% | 9% | 0% | 9% |
| 01 Apr 2021 - 30 Sept 2021 | 08 Oct 2021 | 23 | 89% | 11% | 0% | 11% |
| 01 Oct 2020 - 31 Mar 2021 | 07 Apr 2021 | 23 | 89% | 11% | 0% | 10% |
| 01 Apr 2020 - 30 Sept 2020 | 12 Oct 2020 | 23 | 85% | 15% | 0% | 13% |
| 01 Apr 2019 - 30 Sept 2019 | 16 Oct 2019 | 27 | 83% | 17% | 0% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 34 | 53% | 45% | 2% | 44% |
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
The Company agrees appropriate terms of payment with suppliers, prior to supply, and adheres to these terms provided satisfactory invoices are received, in a timely manner. The most frequent terms are 30 days however variations between suppliers do exist.
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
60
Dispute Resolution Process
The Company always looks to treat suppliers fairly and resolve disputes in a timely manner. If the dispute cannot be resolved by the Accounts Payable Team it will be escalated, in the first instance, to the Head of Department to seek resolution.
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
Tower Transit Operations Ltd is a leading public transportation company based in London, United Kingdom. The company is committed to providing sustainable and efficient transport services to its customers while also contributing to the development of a greener environment.
The company's sustainability program focuses on reducing carbon emissions, promoting energy efficiency, and implementing environmentally friendly practices in all aspects of operations. This includes using low-emission vehicles, implementing recycling and waste reduction measures, and promoting the use of public transport to reduce the carbon footprint.
Tower Transit Operations Ltd offers a wide range of transport services, including bus and coach services, school transport, and corporate transport solutions. They also offer specialized services such as wheelchair-accessible vehicles and on-demand transport services.
The company is led by a team of experienced and dedicated professionals, including the Managing Director, Operations Director, and Engineering Director. They are committed to delivering high-quality services while upholding the company's values of safety, sustainability, and customer satisfaction.
Tower Transit Operations Ltd can be contacted through their website, which provides information on their services, timetables, and contact details. The company's registered office address is at Tower Transit Operations Ltd, 3rd Floor, 43 Whitfield Street, London, W1T 4HD.
In conclusion, Tower Transit Operations Ltd is a reputable transportation company that is committed to sustainability and providing efficient and reliable services to its customers. With their experienced team and focus on sustainability, they continue to make a positive impact in the transport industry.
