Industry ranking
Score of 91.27/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Mar 2026 | 22 Apr 2026 | 20 | 92% | 8% | 0% | 5% |
| 01 Apr 2025 - 30 Sept 2025 | 30 Oct 2025 | 22 | 89% | 11% | 0% | 4% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 21 | 86% | 14% | 0% | 11% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 21 | 83% | 17% | 0% | 12% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 20 | 85% | 15% | 0% | 13% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 20 | 84% | 16% | 0% | 18% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 20 | 85% | 15% | 0% | 20% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 22 | 72% | 28% | 0% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It Is The Company's Policy To Agree Appropriate Payment Terms With Suppliers And To Honour Those Payment Terms Based On The Timely Receipt Of Valid Invoices. The Company's Standard Payment Terms Are 30 Days From Receipt Of Invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
The Company Seeks To Deal With All Suppliers In A Fair And Reasonable Manner, Aiming To Respond To And Address Queries As Quickly As Possible. In The Event That A Dispute Cannot Be Resolved By The Transport For Wales Rail Ltd Purchase Ledger Team, It Would Then Be Escalated To The Management Team Within The Finance Department. Please Note That Our Percentage Of Payments Not Made In The Reporting Period Due To A Dispute As Disclosed Above Includes Only Those Contracts Which Have Entered Into A Formal Contractual Dispute Process. A Common Reason For Invoices Being Paid Late Is Because Of Informal Queries Or Disagreements Regarding Amount Or Evidence To Support The Invoice - However We Are Unable To Include This In Our Reporting, As Our Finance System Does Not Record This Data.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Transport for Wales Rail Ltd is a Welsh registered company, originally incorporated as Wales Operator of Last Resort Limited before adopting its current name later in 2020. Its registered business classification is for other urban, suburban or metropolitan passenger land transport, excluding underground or metro services. The company operates as part of the wider Transport for Wales group, which runs passenger rail services across Wales and into England, trading under the Transport for Wales brand. As the entity is a corporate vehicle within that public transport group, its own role centres on delivering rail passenger transport operations rather than any separate commercial activity.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · tfw.gov.wales