BOEING DEFENCE UK LIMITED
Company Information
- Company Number
- 01290439
- Registered Address
- 25 Victoria Street, London, SW1H 0EX
- Status
- Active
- Employee Count
- 1634.0
- Turnover
- 464861000.0
- EBITDA
- 30819000.0
Additional Details
- Website
- https://boeing.com
- Company Type
- Private limited Company
- Incorporated On
- 13 December 1976
- Nature of Business
- 84220 - Defence activities
- Industries
- 0
- Region
- London
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 29 | 71% | 19% | 10% | 30% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 26 | 76% | 21% | 3% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 26 | 82% | 15% | 3% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 25 | 80% | 16% | 4% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 21 | 86% | 12% | 2% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 26 | 85% | 13% | 2% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 23 | 85% | 12% | 3% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 31 | 71% | 20% | 9% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 30 | 76% | 17% | 8% | 39% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 35 | 77% | 13% | 10% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 33 | 75% | 15% | 11% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 65% | 26% | 10% | 32% |
Company Summary
BOEING DEFENCE UK LIMITED is a subsidiary of the American aerospace company Boeing, specializing in defence and security solutions
The company is headquartered in London, with additional offices in Bristol and Milton Keynes
The company's main activities include designing, manufacturing, and supporting a range of military aircraft, such as the Apache attack helicopter and the Chinook transport helicopter
They also provide integrated solutions for intelligence, surveillance, and reconnaissance, as well as training and sustainment services for military customers
BOEING DEFENCE UK LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact
This includes reducing carbon emissions, investing in renewable energy sources, and implementing sustainable manufacturing processes
The company's key people include the President and Managing Director, Anna Keeling, who has over 30 years of experience in the aerospace and defence industry
Other key executives include the Vice President of Operations, Simon Stocker, and the Vice President of Strategy and Business Development, Paul Smith
For more information about BOEING DEFENCE UK LIMITED and their products and services, you can visit their website at www.boeing.co.uk
The registered office address is 25 Victoria Street, London, SW1H 0EX, United Kingdom
The company also has a strong presence in the United States, with their parent company Boeing located in Chicago
Company Review
Trend Analysis
The trend for BOEING DEFENCE UK LIMITED's average time to pay invoices has been fluctuating over the past three periods, with a slight increase in 2021 and a decrease in 2022. However, the company has consistently paid a high percentage of invoices within 30 days and has also improved in paying invoices later than 60 days.
Volatility Analysis
The volatility for BOEING DEFENCE UK LIMITED's average time to pay invoices has been relatively stable, with the biggest change occurring in 2021 with a 3% increase. The volatility for the percentage of invoices paid within 30 days has also been stable, with a 2% increase in 2022. However, the volatility for the percentage of invoices paid later than 60 days has been high, with a 7% decrease in 2021 and a 5% increase in 2022.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
"Under Boeing UK’s General Provisions, where the necessary supporting information reasonably required by Boeing to substantiate invoices and to clarify charges are not provided, Boeing is entitled to withhold payment in respect of the part not substantiated or clarified until such information is provided by the supplier. Where Boeing has disputed a payment, the Boeing Authorized Procurement Representative under the contract will contact their counterpart at the supplier. Where the dispute is not resolved by the authorised representatives, the Boeing UK General Provisions allow for disputes to be escalated, as appropriate, up to Boeing’s Vice President for Supplier Management and the supplier’s equivalent for resolution. Once mutual resolution has been reached, Boeing ensures timely payment to suppliers.
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
90
Dispute Resolution Process
"Under Boeing UK’s General Provisions, where the necessary supporting information reasonably required by Boeing to substantiate invoices and to clarify charges are not provided, Boeing is entitled to withhold payment in respect of the part not substantiated or clarified until such information is provided by the supplier. Where Boeing has disputed a payment, the Boeing Authorized Procurement Representative under the contract will contact their counterpart at the supplier. Where the dispute is not resolved by the authorised representatives, the Boeing UK General Provisions allow for disputes to be escalated, as appropriate, up to Boeing’s Vice President for Supplier Management and the supplier’s equivalent for resolution. Once mutual resolution has been reached, Boeing ensures timely payment to suppliers "
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
