AIM ALTITUDE UK LIMITED
Company Information
- Company Number
- 01004276
- Registered Address
- 11th Floor Landmark St Peters Square, 1 Oxford Street, Manchester, M1 4PB
- Status
- Liquidation
- Employee Count
- 581
- Turnover
- £56,873,000
- EBITDA
- -£43,456,000
Additional Details
- Website
- https://aim-altitude.com
- Company Type
- Private limited Company
- Incorporated On
- 9 March 1971
- Nature of Business
- 30300 - Manufacture of air and spacecraft and related machinery
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data shows a consistent trend of the company taking longer to pay invoices over the years. In the first period (Jan 2018 - Jun 2018), the average time to pay was 30 days, but by the last period (Jul 2020 - Dec 2020), it had increased to 98 days. This represents a significant increase of 68 days.
Volatility Analysis
The data shows some volatility in the percentage of invoices paid within 30 days and between 31-60 days. In the second period (Jul 2018 - Dec 2018), the percentage of invoices paid within 30 days dropped to 5%, but then increased to 4% and 2% in the following periods. Similarly, the percentage of invoices paid between 31-60 days also fluctuated, with a high of 51% in the fourth period (Jul 2019 - Dec 2019) and a low of 19% in the sixth period (Jul 2020 - Dec 2020).
Summary Analysis
Looking at the data for the past three periods, we can see a concerning trend of the company taking longer to pay invoices. In the third period (Jan 2019 - Jun 2019), there was a slight improvement with 42% of invoices paid within 31-60 days, but this was quickly reversed in the following period with 51% of invoices being paid late. The worst period for late payments was the fifth period (Jan 2020 - Jun 2020) where 80% of invoices were paid later than 60 days.
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 2020 - 31 Dec 2020 | 15 Mar 2021 | 98 | 1% | 19% | 80% | 99% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 70 | 2% | 46% | 52% | 99% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 69 | 4% | 51% | 45% | 98% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 77 | 4% | 42% | 54% | 100% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 72 | 5% | 35% | 60% | 97% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 30 | 45% | 44% | 11% | 75% |
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
Under AIM’s standard payment terms we commit to pay suppliers within 30 days of receipt of a proper invoice, or within 30 days after acceptance of the goods in question, if later
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Invoicing disputes are dealt with by our finance and procurement teams. They work with the authorised representatives of the supplier and endeavour to resolve all disputes in a fair and timely manner through discussion and agreement
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
AIM ALTITUDE UK LIMITED is a British company that specializes in the design, manufacture, and installation of aircraft interiors. The company was founded in 2014 and is headquartered in Bournemouth, UK.
One of the main activities of AIM ALTITUDE UK LIMITED is the production of innovative and sustainable aircraft interiors. The company is committed to reducing its environmental impact and has implemented a sustainability program that focuses on reducing waste, conserving energy, and using environmentally friendly materials in their products.
Their products and services include cabin interiors, galleys, lavatories, and crew rest areas for commercial and VIP aircraft. They also offer a range of design services, including concept development, 3D modelling, and engineering.
The key people at AIM ALTITUDE UK LIMITED include CEO Mark Edwards, who has over 25 years of experience in the aerospace industry, and Chairman Tony Edwards, who has over 40 years of experience in the aviation industry.
The company's website address is https://www.aimaltitude.com/ and their registered office address is Unit 1, Wimborne Business Park, Wimborne, Dorset, BH21 2UZ, UK.
In summary, AIM ALTITUDE UK LIMITED is a British company that provides sustainable and innovative aircraft interiors. With a strong commitment to sustainability and a team of experienced leaders, they continue to be a leading player in the aviation industry.
