MEGGITT PLC
Company Information
- Company Number
- 00432989
- Registered Address
- Pilot Way, Ansty Business Park, Coventry, England, CV7 9JU
- Status
- Active
- Employee Count
- 9,185
- Turnover
- £1,489,200,000
- EBITDA
- £253,800,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 April 1947
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Information Technology,Telecommunications And Data,Safety And Security,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 72 | 9% | 44% | 47% | 92% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard payment period is 60 days end of month. https://www.meggitt.com/global-terms-and-conditions/
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Meggitt aims to resolve most questions within 3 weeks. Any question that has not been resolved to the satisfaction of the supplier and Meggitt within 3 weeks of being raised may be escalated to the Head of Procurement for resolution by emailing accountsquery@meggitt.com.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
MEGGITT PLC is a British company that specializes in aerospace, defense, and energy markets. The company was founded in 1947 and is headquartered in Bournemouth, United Kingdom.
MEGGITT PLC offers a wide range of technologically advanced products and services in the areas of aerospace, defense, and energy. Their aerospace division provides components and systems for commercial and military aircraft, while their defense division offers products for land, sea, and air defense systems. In the energy sector, MEGGITT PLC provides solutions for power generation, oil and gas, and renewable energy industries.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. These include reducing carbon emissions, increasing energy efficiency, and promoting responsible sourcing and waste management. MEGGITT PLC also works closely with their suppliers to ensure ethical and sustainable practices throughout their supply chain.
MEGGITT PLC is led by a team of experienced executives, including CEO Tony Wood and CFO Louisa Burdett. The company has a global presence with over 12,000 employees and operations in over 50 countries.
To learn more about MEGGITT PLC and their products and services, visit their website at www.meggitt.com. The company's registered office address is located at Atlantic House, Aviation Park West, Bournemouth International Airport, Christchurch, Dorset, BH23 6EW, United Kingdom.
