Their own payment-practices filing · gov.uk
Govia Thameslink Railway Limited paid suppliers in 29 days on average — within its stated 7–60 day terms
Their H2 2023 filing put the average 22 days past the shortest term they state (7 days), still within their 60-day upper term.
- Their stated terms
- 7–60 days
- Paid outside agreed terms
- 4% of invoices
- Paid after 61+ days
- 2%
- Reporting period
- 2 Jul 2023 – 31 Dec 2023
- Source
- their gov.uk filing, filed 23 Jan 2024
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2023 filing
Paid within their stated range — 29 against 7–60 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 13 reports
Held steady around 29 days
The read · computed from their figures
Govia Thameslink Railway Limited's H2 2023 filing put their average at 29 days against stated terms of 7–60 days; 4% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 23 Jan 2024.
The pattern is steady — their reported average moves within about ±2 days period to period.
That is 13 statutory periods on record (earliest H2 2017) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Govia Thameslink Railway Limited, subsidiary company of The Go-Ahead Group, follow group policy and agree appropriate terms of payment with suppliers for each transaction or series of transactions, and abide by those terms once suppliers present a valid invoice. The company normally settles trade payables on 30 day terms and these invoices are paid in the week following their due date, however variations to these terms do exist based on agreements with certain suppliers. There have been no changes to the standard payment terms in the reporting period.
Dispute resolution
Govia Thameslink Railway Limited is committed to paying our suppliers in an honest, prompt and professional manner while seeking best value for the business. We endeavour to resolve any invoice queries as quickly as possible, communication between the Accounts Payable team and the relevant supplier is instigated to resolve the matter. In the event that a dispute cannot be resolved by our accounts team, it would be escalated to the Shared Service Manager who will investigate and mitigate the issue.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2023 | 29 | 4% | 2% | 23 Jan 2024 |
| H1 2023 | 29 | 4% | 1% | 21 Jul 2023 |
| H2 2022 | 33 | 8% | 4% | 26 Jan 2023 |
| H1 2022 | 30 | 5% | 2% | 28 Jul 2022 |
| H1 2022 | 29 | 4% | 1% | 25 Jan 2022 |
| H1 2021 | 29 | 5% | 2% | 23 Jul 2021 |
| H1 2021 | 29 | 6% | 2% | 26 Jan 2021 |
| H1 2020 | 30 | 15% | 2% | 17 Jul 2020 |
| H2 2019 | 30 | 7% | 3% | 17 Jan 2020 |
| H1 2019 | 32 | 13% | 4% | 25 Jul 2019 |
| H2 2018 | 36 | 16% | 7% | 25 Jan 2019 |
| H1 2018 | 35 | 14% | 6% | 23 Jul 2018 |
| H2 2017 | 35 | 11% | 5% | 26 Jan 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 2 Feb 2012
- Registered office
- SECOND FLOOR 55 DEGREES NORTH, NEWCASTLE UPON TYNE, NE1 6BL
Illustrative · working-capital arithmetic
What a 29-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 29-day vs a 7-day payment cycle.
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 · Govia Thameslink Railway Limited
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How UK payment reporting works
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What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-07934306 · latest period to 31 Dec 2023
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