VIRGIN ATLANTIC AIRWAYS LIMITED
Company Information
- Company Number
- 01600117
- Registered Address
- Company Secretariat - The Vhq, Fleming Way, Crawley, West Sussex, United Kingdom, RH10 9DF
- Status
- Active
- Employee Count
- 7,629
- Turnover
- £3,301,300,000
- EBITDA
- £505,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 November 1981
- Nature of Business
- 51101 - Scheduled passenger air transport
- Industries
- Air Travel, Travel And Transportation
- Region
- South East
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 Jul 2024 | 31 Jan 2025 | 38 | 42% | 41% | 17% | 57% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 48 | 37% | 43% | 19% | 51% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 54 | 35% | 42% | 23% | 58% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jan 2022 | 55 | 34% | 36% | 30% | 64% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 45 | 39% | 34% | 28% | 50% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 34 | 53% | 36% | 11% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 31 | 60% | 33% | 7% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 28 | 70% | 26% | 4% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 31 | 67% | 28% | 5% | 25% |
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
Unless otherwise agreed, payment for goods and/or services provided pursuant to an order shall be made within 60 days of the later of a) receipt by us of an invoice from you to us together with such reasonable supporting information as may be required by us to support each respective invoice; and b) delivery of the goods and/or performance of the services.
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
60
Dispute Resolution Process
In the event of disputes arising between the Company and suppliers, both parties shall follow the escalation process set out in the contract. Both parties shall use their reasonable endeavours to reach an amicable resolution via this procedure. The specific format for resolution shall be left to the reasonable discretion of the relevant management level; legal action will not be initiated until escalation processes have been followed.
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
VIRGIN ATLANTIC AIRWAYS LIMITED is a British airline company that was founded in 1984 by Sir Richard Branson. The company's headquarters is located in Crawley, West Sussex, and its registered office address is at The VHQ, Fleming Way, Crawley, West Sussex, RH10 9DF.
The main activities of VIRGIN ATLANTIC AIRWAYS LIMITED include providing domestic and international flights to various destinations around the world. The company operates a fleet of over 40 aircraft, including both passenger and cargo planes.
In terms of sustainability, VIRGIN ATLANTIC AIRWAYS LIMITED has a strong commitment to reducing its environmental impact. The company has implemented various initiatives such as reducing carbon emissions, investing in fuel-efficient aircraft, and using sustainable aviation fuel. It also has a partnership with The Carbon Trust to measure and reduce its carbon footprint.
VIRGIN ATLANTIC AIRWAYS LIMITED offers a range of products and services to its customers, including Economy, Premium Economy, and Upper Class seats, as well as cargo services. The company also has a loyalty program called Flying Club, which rewards frequent flyers with various benefits and perks.
Some key people at VIRGIN ATLANTIC AIRWAYS LIMITED include Shai Weiss, the CEO; Juha Jarvinen, the Chief Commercial Officer; and Corneel Koster, the Chief Customer and Operating Officer.
Customers can contact VIRGIN ATLANTIC AIRWAYS LIMITED through their website, www.virginatlantic.com, or by calling their customer service hotline at 0344 874 7747. The company also has a presence on social media platforms such as Facebook, Twitter, and Instagram.
In conclusion, VIRGIN ATLANTIC AIRWAYS LIMITED is a leading airline company in the UK, known for its commitment to sustainability and providing high-quality products and services to its customers. With a strong leadership team and a focus on reducing its environmental impact, the company continues to be a popular choice for travellers.
