| 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 |
|---|---|---|---|---|---|---|
| 30 Mar 2025 - 29 Sept 2025 | 22 Oct 2025 | 48 | 21% | 64% | 15% | 5% |
| 30 Sept 2024 - 29 Mar 2025 | 25 Apr 2025 | 48 | 20% | 62% | 18% | 4% |
| 26 Sept 2023 - 30 Mar 2024 | 15 Apr 2024 | 50 | 23% | 55% | 22% | 4% |
| 26 Mar 2023 - 25 Sept 2023 | 12 Oct 2023 | 52 | 23% | 52% | 25% | 6% |
| 27 Mar 2022 - 26 Sept 2022 | 19 Oct 2022 | 53 | 16% | 58% | 26% | 10% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 51 | 18% | 54% | 28% | 3% |
| 01 Oct 2020 - 31 Mar 2021 | 15 Apr 2021 | 53 | 19% | 51% | 30% | 2% |
| 31 Mar 2019 - 30 Sept 2019 | 28 Oct 2019 | 60 | 16% | 40% | 44% | 8% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 60 | 14% | 40% | 46% | 52% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
First Glasgow (No.1) Limited is a leading bus company in Glasgow, Scotland. They operate a fleet of modern, low-emission buses and have a strong commitment to sustainability.
The company offers a wide range of services including local and regional bus routes, airport transfers, and school transport. They also offer a mobile ticketing app and contactless payment options for convenience.
First Glasgow is dedicated to reducing their environmental impact and has implemented various sustainability initiatives. This includes using hybrid and electric buses, investing in eco-friendly technologies, and promoting recycling and waste reduction.
The key people at First Glasgow (No.1) Limited include Managing Director, Andrew Jarvis, and Regional Operations Director, Gavin McGhee. They are supported by a team of experienced and dedicated employees.
For more information on their services and sustainability program, customers can visit their website at www.firstgroup.com/glasgow. The registered office address for First Glasgow is 100 Cathcart Road, Glasgow, G42 7BH. They can also be contacted through their customer service line at 0345 646 0707. Overall, First Glasgow (No.1) Limited is a reliable and sustainable transportation option for the people of Glasgow.