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Air Travel Payment Practices Report 2021

•By PaymentCheck•Reports

UK Air Travel Payment Practices Soar Above Average, But Deep Divides Persist

The Numbers

  • 63 UK Air Travel companies analysed
  • Average PaymentCheck Score: 61.5/100
  • UK average across all sectors: 50.0/100
  • Air Travel average exceeds the national average by 11.5 points
  • Top payer (Harrods Aviation Limited): 96/100
  • Bottom payer (Safran Seats GB Limited): 12.93/100
  • Largest regional average (East Midlands): 82.4/100 (only 1 company)
  • Smallest regional average (Yorkshire and The Humber): 60.1/100 (4 companies)

What Stands Out

While the UK Air Travel sector boasts an average payment score significantly higher than the national norm, the considerable gap between the best and worst payers is hard to ignore. The top scores are impressive, however, the bottom-dwellers suggest some suppliers are struggling to get invoices paid on time.

Best Payers

  1. HARRODS AVIATION LIMITED - 96/100
  2. MARTIN-BAKER AIRCRAFT COMPANY LIMITED - 95.34/100
  3. AIRTANKER SERVICES LIMITED - 91.8/100
  4. LOCKHEED MARTIN UK LIMITED - 89.9/100
  5. AEROTRON LIMITED - 89.7/100

Worst Payers

  1. SAFRAN SEATS GB LIMITED - 12.93/100
  2. MEGGITT AEROSPACE LIMITED - 24.77/100
  3. MAGELLAN AEROSPACE UK LIMITED - 24.9/100
  4. SHORT BROTHERS PLC - 28.9/100
  5. GE AVIATION SYSTEMS LIMITED - 29.8/100

Regional Patterns

Regional data is interesting, but the East Midlands figure of 82.4 is based on just one company, making it a statistical outlier rather than a meaningful trend. London (71.9) and the South East (70.5) are home to the largest number of companies analysed, and their strong scores hint at efficient payment practices in the areas with the highest concentration of air travel businesses.

If you have been paid late, use this late payment calculator to estimate interest due.

One-line takeaway: With a sector average of 61.5/100, the UK Air Travel industry's payment practices are demonstrably better than the UK average of 50/100, but the bottom 5 payers all scored less than 30/100, indicating a serious problem with late payments for certain suppliers.