Their own payment-practices filing · gov.uk

How long does Cleveland Transit Ltd. take to pay its suppliers?

CRN 02546698 · Transport & storage · 2 statutory reports on record · period to 27 Apr 2024

34days

their reported average time to pay suppliers, latest period

Around averagevs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Dated record. The latest report covers a period ending 27 Apr 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 8 Oct 1990
Registered office: ONE STOCKPORT EXCHANGE, STOCKPORT, SK1 3SW

0 outstanding charges on the register Accounts due 31 Jan 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–60 days. Reported average: 34.

Stated terms7–60d

+27 days

Reported avg34d

At a glance

The key figures

7–60d

their stated terms

invoices paid outside terms

Vs peers · latest reported averages

fasterslower

Faster than 54% of the 248 large companies reporting in transport & storage.

Where their supplier invoices land · latest period

within 30 days 35% 31–60 days 63% 61+ days 2%

The read · computed from their figures

Cleveland Transit Ltd. has filed 2 statutory payment periods (earliest H2 2023). Their latest report puts the average at 34 days against stated terms of 7–60 days.

In the latest period 4% of invoices were paid outside their agreed terms, and 2% landed 61+ days out.

In their own words · from the filing

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.

Dispute resolution

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.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2024	34	4%	2%	27 May 2024
H2 2023	37	8%	4%	23 Nov 2023

Working-capital effect

What a 34-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 34-day vs a 7-day payment cycle.

≈ £13,500

of invoicing outstanding at any one time on a 34-day cycle — about £10,600 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

What's their typical pay point?

Their latest reports average around day 34. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Cleveland Transit Ltd. (free)

Their next payment report is due ≈ 23 Nov 2024. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in transport & storage

Citysprint (UK) Limited · Close Brothers Vehicle Hire Limited · Chevron Traffic Management Limited · CML F & L [Telford] Ltd · Chevron Tankers Limited · Cobalt Ground Solutions Limited

How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02546698 · latest period to 27 Apr 2024

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