FIRST TRANSPENNINE EXPRESS LIMITED
Company Information
- Company Number
- 09111801
- Registered Address
- 8th Floor The Point, 37 North Wharf Road, London, United Kingdom, W2 1AF
- Status
- Active
- Employee Count
- 1,605
- Turnover
- £443,861,000
- EBITDA
- £22,639,000
Additional Details
- Website
- https://www.firstbus.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 2 July 2014
- Nature of Business
- 49100 - Passenger rail transport, interurban
- 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 | 26 Apr 2024 | 72 | 39% | 18% | 43% | 39% |
| 01 Apr 2023 - 30 Sept 2023 | 13 Oct 2023 | 35 | 63% | 24% | 13% | 21% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 34 | 67% | 24% | 9% | 21% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 31 | 68% | 24% | 8% | 17% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 34 | 65% | 26% | 9% | 19% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 33 | 68% | 22% | 10% | 22% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 136 | 47% | 19% | 34% | 29% |
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’s standard payment terms are 60 days from date of valid invoice. It is the Group’s policy to agree appropriate payment terms for each transaction or series of transactions, and to abide by those terms on the submission of a valid invoice. The Company regularly agrees variations to the standard terms with individual suppliers depending on the nature of the goods/services and other circumstances.
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
90
Dispute Resolution Process
The Company is committed to dealing with suppliers in a fair, consistent and transparent manner. We seek to resolve any invoice queries as quickly as possible between the Accounts Payable team and the relevant supplier. If a dispute cannot be resolved it is escalated to the relevant Head of Department and Procurement.
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.
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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.
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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.
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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
FIRST TRANSPENNINE EXPRESS LIMITED is a train operating company in the United Kingdom that provides train services across the North of England and Scotland. The company was established in 2004 and is currently owned by FirstGroup and Keolis.
The company's main focus is on providing reliable and efficient train services for both business and leisure travelers. They operate a fleet of modern trains and offer a variety of amenities on board including free Wi-Fi, at-seat power sockets, and a dedicated first-class carriage.
In addition to their train services, FIRST TRANSPENNINE EXPRESS LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using energy-efficient trains, recycling waste, and promoting sustainable travel options to their customers.
The key people at FIRST TRANSPENNINE EXPRESS LIMITED include Karen Boswell, the Managing Director, and Matthew Lee, the Finance Director. They are supported by a team of experienced professionals who are dedicated to providing the best train services for their customers.
For any inquiries or bookings, customers can contact FIRST TRANSPENNINE EXPRESS LIMITED through their website, which is easily accessible and user-friendly. The company's registered office address is at 50 Eastbourne Terrace, Paddington, London, W2 6LG.
In summary, FIRST TRANSPENNINE EXPRESS LIMITED is a reputable train operating company in the UK, offering reliable and sustainable train services. With their modern fleet, commitment to sustainability, and experienced team, they continue to provide excellent services to their customers.
