LOCKHEED MARTIN UK AMPTHILL LIMITED
Company Information
- Company Number
- 00585852
- Registered Address
- Reddings Wood, Ampthill, Beds, MK45 2HD
- Status
- Active
- Employee Count
- 536
- Turnover
- £136,479,000
- EBITDA
- £16,590,000
Additional Details
- Website
- https://lockheedmartin.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 20 June 1957
- Nature of Business
- 30400 - Manufacture of military fighting vehicles
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 28 Jul 2025 | 24 | 93% | 6% | 1% | 7% |
| 01 Jul 2024 - 31 Dec 2024 | 16 Jan 2025 | 24 | 96% | 3% | 1% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Jul 2024 | 24 | 95% | 4% | 1% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 17 Jan 2024 | 23 | 93% | 6% | 1% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 26 | 90% | 8% | 2% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 23 | 93% | 5% | 2% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 29 | 81% | 15% | 4% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 35 | 67% | 26% | 7% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 34 | 66% | 29% | 5% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 37 | 62% | 30% | 8% | 36% |
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
Standard payment terms are 30 days from date of receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
Dispute Resolution; in the event that the invoice is incorrect the buyer shall contact the supplier to discuss and agree a correction. The invoice is then rejected and returned as unpaid to the supplier. A new invoice and/or credit note will then need to be issued by the supplier. If a suitable resolution cannot be agreed between the buyer and supplier, then either party can resort to the dispute resolution language in the agreed contract terms and conditions
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.
❌
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.
❌
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.
❌
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
LOCKHEED MARTIN UK AMPTHILL LIMITED is a British defense and aerospace company that is part of the larger Lockheed Martin Corporation. The company is headquartered in Ampthill, Bedfordshire and was established in 1996.
The company's main activities include the design, development, and manufacture of military vehicles, weapons systems, and electronic systems for the UK armed forces and international customers. They also provide support and maintenance services for their products.
LOCKHEED MARTIN UK AMPTHILL LIMITED has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using renewable energy sources, reducing waste and emissions, and promoting sustainable practices throughout their supply chain.
Their products and services include the development of the Warrior Infantry Fighting Vehicle, the AJAX armored fighting vehicle, and the Warrior Capability Sustainment Program. They also provide electronic systems, such as the Warrior Modular Open Architecture System and the Vehicle Information System Architecture.
The company is led by Managing Director, Peter Ruddock, who has over 30 years of experience in the defense industry. They also have a team of highly skilled engineers, technicians, and support staff who work together to deliver innovative and high-quality products and services.
For more information about LOCKHEED MARTIN UK AMPTHILL LIMITED and their products and services, you can visit their website at www.lockheedmartin.com/uk or contact them at their registered office address: Unit 1, Ampthill Business Park, Bedford Road, Ampthill, Bedfordshire, MK45 2QZ.
