GE AVIATION SYSTEMS LIMITED
Company Information
- Company Number
- 00745917
- Registered Address
- Cheltenham Road, Bishops Cleeve, Cheltenham, Gloucestershire, GL52 8SF
- Status
- Active
- Employee Count
- 1,946
- Turnover
- £321,480,000
- EBITDA
- -£38,644,000
Additional Details
- Website
- https://www.geaviation.com/
- Company Type
- Private limited Company
- Incorporated On
- 3 January 1963
- Nature of Business
- 26110 - Manufacture of electronic components84110 - General public administration activities84220 - Defence activities96090 - Other service activities not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- South West
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 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 69 | 24% | 16% | 60% | 38% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 72 | 21% | 18% | 61% | 38% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 66 | 23% | 23% | 54% | 40% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 66 | 19% | 24% | 57% | 38% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 62 | 25% | 22% | 53% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 62 | 25% | 23% | 52% | 81% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 58 | 26% | 28% | 46% | 76% |
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
For both indirect and direct any UK domestic payment terms >90 days are with suppliers agreed under separate contract terms
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
Dispute Resolution Process
Supplier Relationship management, including payment disputes, are owned by the site Sourcing Leader. A supplier will have designated Buyer who is the initially responsible for dispute resolution, escalation, if needed, is then to the Sourcing Leader. Dependent on the nature of the dispute other functional experts will be engaged. GE Aviation Purchase Orders include details on bill-to, invoice processing and Buyer contact information
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.
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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.
❌
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
GE Aviation Systems Limited is a subsidiary of the global conglomerate GE, specializing in the development and manufacture of advanced aviation systems and technologies. The company is committed to promoting sustainability in its operations and products, while also focusing on innovation and customer satisfaction.
As part of its sustainability program, GE Aviation Systems Limited has set ambitious goals to reduce its carbon footprint, minimize waste, and conserve resources. The company also prioritizes diversity and inclusion, as well as ethical behavior in its business practices.
The company's products and services include avionics systems, flight management systems, and integrated cockpits, which are used in commercial, military, and business aviation. These technologies are designed to improve operational efficiency, safety, and reliability for customers.
Key people at GE Aviation Systems Limited include its President, Tony Mathis, who has over 25 years of experience in the aerospace industry. The company also has a team of highly skilled engineers and technicians, dedicated to delivering cutting-edge solutions to their clients.
For more information on GE Aviation Systems Limited, interested parties can visit their website at www.geaviationsystems.com. The company's registered office address is located at Cheltenham Road East, Gloucester GL2 9QL, United Kingdom. With its commitment to sustainability and innovative aviation solutions, GE Aviation Systems Limited continues to be a leader in the aerospace industry.
