LEA INTERCHANGE BUS COMPANY LIMITED has an average payment time of 35 days, indicating a consistent trend of settling invoices slightly beyond a standard 30-day term. While 50% of payments are made within 30 days, a substantial 45% fall into the 31-60 day window, suggesting a steady pattern of extending payment within this bracket.
The company exhibits moderate payment volatility, with 5% of payments extending beyond 60 days and an overall 13% late payment rate. This introduces a degree of unpredictability for suppliers, as there is a noticeable risk of significant payment delays for a portion of invoices.
Suppliers should anticipate an average payment of 35 days, with a notable probability of payments extending up to 60 days. To mitigate the 13% late payment risk, it is advisable to factor potential delays into cash flow projections and consider implementing shorter payment terms or staggered invoicing.
| 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 |
|---|---|---|---|---|---|---|
| 28 Oct 2024 - 03 May 2025 | 01 Jun 2025 | 36 | 47% | 50% | 3% | 8% |
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 terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The Company normally settles trade payables on 30 day terms, however variations to these terms do exist based on agreements with certain suppliers.
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
60
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalated in the first instance to the relevant Head of Department to seek a resolution.
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
LEA INTERCHANGE BUS COMPANY LIMITED is an active private limited company operating within the bus transport sector. Its name indicates a specialisation in bus services, potentially including operations at transport interchanges or connection points for passengers.
The company was incorporated on 24 January 2022 and holds an active status under Company Number 13867436. Its registered office is located at One Stockport Exchange, 20 Railway Road, Stockport, United Kingdom, SK1 3SW, positioning its operations within the North West of the UK.
As a bus company, LEA INTERCHANGE BUS COMPANY LIMITED provides essential transportation services. Typically, organisations in this sector operate scheduled public bus routes, provide private hire or charter services, and offer dedicated transport for schools or specific community groups across the UK.