London General Transport Services Limited payment practices report
PennyFetch rating based on government data:
Good payerCompanies House no. 02328489
This rating is PennyFetch’s own assessment derived from data self-reported by London General Transport Services Limited to the UK government.
This company’s most recent filing is from Jan 2024. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.
Avg. days to pay
31
UK median: 32
Outside agreed terms
6%
UK average: 24%
Trend
Getting faster
13 reports filed
Payment terms
14 to 60 days
Standard terms
Invoice payment breakdown
How London General Transport Services Limited compares
London General Transport Services Limited takes an average of 31 days to pay its suppliers, which is 1 days faster than the UK median of 32 days across 9,336 reporting companies. 6% of their invoices fall outside the agreed payment terms, compared to a national average of 24%. Their payment speed has been improving over time based on historical filings.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (14 to 60 days), not against a fixed 30-day standard. A company with long payment terms can still be rated “Good payer” if it consistently meets those terms.
Payment history
| Period | Avg. days | % outside terms | % in 30d | % over 60d |
|---|---|---|---|---|
| Jul 2023 to Dec 2023 | 31 | 6% | 57% | 2% |
| Jan 2023 to Jul 2023 | 31 | 7% | 62% | 2% |
| Jul 2022 to Dec 2022 | 33 | 11% | 53% | 3% |
| Jan 2022 to Jul 2022 | 32 | 8% | 47% | 2% |
| Jul 2021 to Jan 2022 | 33 | 8% | 39% | 3% |
| Jan 2021 to Jul 2021 | 33 | 8% | 40% | 3% |
| Jun 2020 to Jan 2021 | 34 | 8% | 38% | 2% |
| Dec 2019 to Jun 2020 | 33 | 7% | 43% | 2% |
| Jun 2019 to Dec 2019 | 30 | 4% | 60% | 1% |
| Dec 2018 to Jun 2019 | 30 | 5% | 62% | 2% |
| Jul 2018 to Dec 2018 | 38 | 13% | 16% | 5% |
| Dec 2017 to Jun 2018 | 41 | 7% | 29% | 3% |
| Jul 2017 to Dec 2017 | 41 | 7% | 38% | 4% |
PennyFetch tracks your invoices, sends automatic payment reminders, and calculates statutory interest if anything goes overdue.
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All payment statistics on this page are self-reported by London General Transport Services Limited to the UK Government Payment Practices Reporting service . The government publishes this data but does not independently verify the figures. Published under the Open Government Licence v3.0.
Most recent report filed: Jan 2024. The rating labels on this page (e.g. “Good payer”, “Often outside terms”) are PennyFetch’s own classifications based on the reported data. They are not government ratings. This page is for informational purposes and does not constitute legal or financial advice.
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