| 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 Jul 2024 - 31 Dec 2024 | 27 Mar 2025 | 60 | 24% | 40% | 36% | 31% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 43 | 34% | 40% | 26% | 49% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 43 | 44% | 38% | 18% | 56% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 44 | 41% | 41% | 18% | 41% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Mar 2023 | 45 | 40% | 45% | 15% | 35% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 47 | 41% | 45% | 14% | 34% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 44 | 33% | 52% | 15% | 45% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 48 | 23% | 60% | 17% | 61% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 54 | 37% | 48% | 15% | 70% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 47 | 22% | 53% | 25% | 60% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 54 | 15% | 51% | 34% | 82% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 52 | 17% | 50% | 33% | 82% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 52 | 17% | 50% | 33% | 82% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 90 days across all sites.
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
120
I2C has a dispute resolution team that deal with any queries.
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
MEGGITT (UK) LIMITED is a British company that specializes in the design and manufacture of high performance components and sub-systems for the aerospace, defense, and energy markets. The company was founded in 1947 and is headquartered in Christchurch, Dorset, United Kingdom.
MEGGITT (UK) LIMITED has a strong sustainability program in place, which focuses on reducing their environmental impact and promoting sustainable practices across their operations. They have set ambitious targets for reducing their carbon emissions, waste production, and water usage, and have implemented sustainable sourcing and manufacturing processes.
The company offers a wide range of products and services, including aircraft braking systems, fuel systems, engine controls, and sensors for commercial, military, and general aviation aircraft. They also provide specialized components and systems for defense applications, such as military vehicles, submarines, and missiles. In addition, MEGGITT (UK) LIMITED offers energy management solutions for power generation and industrial applications.
The key people at MEGGITT (UK) LIMITED include Tony Wood, the Chief Executive Officer, and Doug Webb, the Chief Financial Officer. They are supported by a team of experienced executives and managers who are responsible for the company's operations and strategic direction.
For more information on MEGGITT (UK) LIMITED, their products and services, and their sustainability program, please visit their website at www.meggitt.com. Their registered office address is MEGGITT PLC, Atlantic House, Aviation Park West, Bournemouth International Airport, Christchurch, Dorset, BH23 6EW, United Kingdom.
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