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Their own payment-practices filing · gov.uk

First MTR South Western Trains Limited pays suppliers in 72 days on average — 12 days past its stated terms

CRN 07900320 · Transport & storage · 14 statutory reports on record · period to 31 Mar 2026

72daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 12 days past the 60-day term they state.

Well behindvs a 31-day median across 6,104 recent filers
Their stated terms
60 days
Paid outside agreed terms
18% of invoices
Paid after 61+ days
35%
Reporting period
1 Oct 2025 – 31 Mar 2026
Source
their gov.uk filing, filed 28 Apr 2026

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

Terms vs reality · their H1 2026 filing

Paid 12 days past their stated terms

The pattern · last 6 of 14 reports

45 → 72 days — slowing down

The read · computed from their figures

First MTR South Western Trains Limited's H1 2026 filing puts their average at 72 days against stated terms of 60 days; 18% of invoices were paid outside agreed terms and 35% took 61 days or longer. Filed 28 Apr 2026.

The direction is slower: from 45 days in H2 2023 to 72 now — 27 days slower across their last 6 reports.

On the latest reported averages: Slower than 99% of the 245 large companies reporting in transport & storage.

That is 14 statutory periods on record (earliest H2 2019) — a historical record, not a promise for a new invoice.

In their own words · from the filing

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.

Dispute resolution

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.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20267218%35%28 Apr 2026
H2 20253913%16%24 Oct 2025
H1 20254213%13%25 Apr 2025
H2 20244312%12%29 Oct 2024
H1 20244611%12%26 Apr 2024
H2 20234521%18%19 Oct 2023
H1 20234016%10%21 Apr 2023
H2 20224810%12%31 Oct 2022
H1 20224213%12%29 Apr 2022
H2 20214417%14%29 Oct 2021
H1 20214416%14%29 Apr 2021
H2 20204415%11%26 Oct 2020
H1 20205023%15%30 Apr 2020
H2 20194323%12%30 Oct 2019

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
6 Jan 2012
Registered office
8TH FLOOR THE POINT, LONDON, W2 1AF
1 outstanding charge — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 72-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 72-day vs a 60-day payment cycle.

≈ £28,500
of invoicing outstanding at any one time on a 72-day cycle — about £4,700 more than the same account would carry at 60-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 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 · First MTR South Western Trains Limited

Are they getting slower or faster?
Their reported average has moved about 27 days slower over the window (45 → 72 days).
What's their typical pay point?
Their latest filed report puts the average at day 72; across their last 6 reports it ranged 39–72 days. 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.
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More large companies in transport & storage

First Manchester Limited · First South West Limited · First Hampshire & Dorset Limited · First South Yorkshire Limited · First Greater Western Limited · First Transpennine Express 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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-07900320 · latest period to 31 Mar 2026

Verify the original Companies House file

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