BRITISH AIRWAYS PLC

PaymentCheck Score 2022
75Fair
6.5vs last year
#2209 in UK
#137 in Travel And Transportation
#921 in London

Company Information

Company Number
01777777
Registered Address
Waterside, Speedbird Way, Harmondsworth, United Kingdom, UB7 0GB
Status
Active
Employee Count
37,401
Turnover
£14,322,000,000
EBITDA
£2,458,000,000

Additional Details

Company Type
Public limited Company
Incorporated On
13 December 1983
Nature of Business
51101 - Scheduled passenger air transport
51102 - Non-scheduled passenger air transport
52230 - Service activities incidental to air transportation
52242 - Cargo handling for air transport activities
Industries
Travel And Transportation
Region
London

Time to Pay

Average Time to Pay
26 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
68%
31-60 Days
28%
After 60 Days
4%
Not Paid Within Terms29%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-07-13
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202213 Jul 20232668%28%4%29%
01 Jan 2022 - 30 Jun 202229 Jul 20223065%29%6%32%
01 Jul 2021 - 31 Dec 202131 Jan 20222669%27%4%33%
01 Jan 2021 - 30 Jun 202130 Jul 20214760%28%12%48%
01 Jul 2020 - 31 Dec 202029 Jan 20214659%24%17%57%
01 Jan 2019 - 30 Jun 201930 Jul 20192869%27%4%32%
01 Jul 2018 - 31 Dec 201818 Jan 20192966%30%4%31%
01 Jan 2018 - 30 Jun 201830 Jul 20183067%28%5%34%

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

Net monthly

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

90

Dispute Resolution Process

Disputes and all types of queries are handled by a dedicated Accounts Payables Helpdesk, Monday to Friday, via e-mail or phone.

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

British Airways PLC is one of the leading airlines in the UK and is headquartered in London, England. The company offers a wide range of domestic and international flights to over 180 destinations worldwide. It is known for its excellent services, modern fleet, and commitment to sustainability.

In terms of sustainability, British Airways has implemented various initiatives to reduce its carbon footprint and promote environmental responsibility. This includes investing in more fuel-efficient aircraft, using sustainable aviation fuel, and partnering with organizations to offset carbon emissions. The company also has a waste management program in place to reduce its waste and increase recycling.

British Airways offers a variety of products and services to cater to the needs of its customers. This includes various travel classes such as First, Club World, World Traveller Plus, and World Traveller, each offering a unique experience. The airline also provides in-flight entertainment, onboard dining options, and frequent flyer programs for loyal customers.

The key people at British Airways include the Chairman and CEO, Sean Doyle, and the Executive Chairman, Alex Cruz. The company also has a team of experienced executives and employees who work together to ensure the success of the airline.

For more information on British Airways, customers can visit their website at www.britishairways.com. The registered office address for the company is Waterside, PO Box 365, Harmondsworth, UB7 0GB, United Kingdom.

In conclusion, British Airways PLC is a reputable airline that offers a range of sustainable products and services while prioritizing the well-being of the environment. With its dedicated team and commitment to sustainability, the company continues to be a leading choice for air travel in the UK and beyond.

Financial Metrics

Cash
£2,376,000,000
Net Worth
£1,286,000,000
Total Current Assets
£4,438,000,000
Total Current Liabilities
£8,208,000,000

Company Location