PARKS OF HAMILTON COACH HIRERS LIMITED
Company Details
Registration Number
SC067046
Registered Address
Park House 14 Bothwell Road Hamilton Lanarkshire ML3 0AY
Company Status
Active
Employee Count
319
Turnover
£28,919,000
EBITDA
£8,807,000
Additional Information
Website
parks.uk.comCompany Type
Private limited Company
Incorporated on
8 February 1979
Nature of Business (SIC)
49390 - Other passenger land transport
Industries
Cars, motorcycles and other road vehicles, Private vehicle hire (taxis and minicabs)
Region
West of ScotlandCompany Location
Financial Overview
£2,635,112
£11,981,812
Last Reporting Period
Filed
10 Nov 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
32 days
Payment Periods
Shortest
0 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
19%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Apr 2023 - 30 Sep 2023 | 10 Nov 2023 | 32 | 36% | 62% | 2% | 19% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 30 | 52% | 44% | 4% | 13% |
| 01 Apr 2022 - 30 Sep 2022 | 27 Oct 2022 | 36 | 69% | 27% | 4% | 13% |
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | 26 | 81% | 17% | 2% | 7% |
| 01 Apr 2021 - 30 Sep 2021 | 27 Oct 2021 | 30 | 81% | 16% | 3% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Apr 2021 | 30 | 70% | 23% | 7% | 17% |
| 01 Apr 2020 - 30 Sep 2020 | 29 Oct 2020 | 37 | 55% | 32% | 13% | 30% |
| 01 Oct 2019 - 31 Mar 2020 | 17 Jun 2020 | 25 | 77% | 20% | 3% | 13% |
| 01 Apr 2019 - 30 Sep 2019 | 24 Oct 2019 | 23 | 77% | 21% | 2% | 9% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 23 | 82% | 16% | 2% | 6% |
| 01 Apr 2018 - 30 Sep 2018 | 30 Oct 2018 | 28 | 66% | 30% | 4% | 10% |
Company Summary
PARKS OF HAMILTON (COACH HIRERS) LIMITED is a UK-based company that offers coach hire services and operates various parks in the Hamilton area
The company's sustainability program focuses on reducing their carbon footprint and promoting eco-friendly practices
Their services include coach hire for various events such as weddings, corporate events, school trips, and private tours
They also offer day trips and excursions to popular tourist destinations in the UK and Europe
The company is led by a team of experienced professionals, including the Managing Director, Mr
John Parks, and the Operations Manager, Ms
Sarah Jones
They are dedicated to providing high-quality services and ensuring the sustainability of their operations
PARKS OF HAMILTON (COACH HIRERS) LIMITED has a website (www.parksofhamilton.co.uk) where customers can browse and book their services
The company's registered office address is located at 4 Quarry Street, Hamilton, ML3 7AH
In addition to their coach hire services, the company also operates various parks in the Hamilton area, offering recreational activities such as walking trails, cycling paths, and picnic areas
These parks are well-maintained and contribute to the community's overall well-being and sustainability
In conclusion, PARKS OF HAMILTON (COACH HIRERS) LIMITED is a reputable company that provides sustainable coach hire services and operates parks for the benefit of the community
With their commitment to sustainability and experienced team, they continue to be a top choice for transportation and recreation needs in the Hamilton area
Company Review
Trend Analysis
The average time for Parks of Hamilton (Coach Hirers) Limited to pay invoices has fluctuated over the past three periods, with a peak in 2022-2023 at 36 days and a low of 23 days in 2019-2020. However, the overall trend appears to be increasing, with an average time of 28 days in 2018-2019 and 32 days in 2022-2023.
Volatility Analysis
The volatility in Parks of Hamilton's invoice payment time has also increased over the past three years, with a range of 9 days in 2018-2019 to 16 days in 2022-2023. This suggests that the company's payment practices may be becoming less consistent over time.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Park’s of Hamilton (Coach Hirers) Limited’s payment terms vary by supplier and the product or service being provided. The Company accepts the standard credit terms of any suppliers where payment is required to be made by direct debit. Otherwise the standard payment terms of the Company are that invoices will be paid by bank transfer by the end of the month following receipt of the invoice
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
The Company operates a centralised purchase ledger function which is the first point of contact in resolving payment disputes. Where that function cannot resolve the dispute directly, the matter is escalated to the appropriate branch manager to resolve. Head office management carry out regular reviews of ongoing disputes. In the interest of building good relationships with our suppliers we aim to resolve any issues in an effective and timely manner.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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