GENERAL DYNAMICS UNITED KINGDOM LIMITED
Company Information
- Company Number
- 01911653
- Registered Address
- 21 Holborn Viaduct, London, EC1A 2DY
- Status
- Active
- Employee Count
- 1090.0
- Turnover
- 494948000.0
- EBITDA
- 34523000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 May 1985
- Nature of Business
- 84220 - Defence activities
- Industries
- 0
- Region
- London
Company Location
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 | 01 Feb 2024 | 61 | 43% | 32% | 25% | 68% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 61 | 42% | 32% | 26% | 68% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 71 | 40% | 27% | 33% | 70% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Jul 2022 | 65 | 43% | 21% | 36% | 67% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 38 | 70% | 25% | 5% | 43% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 39 | 66% | 24% | 10% | 42% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 38 | 67% | 28% | 5% | 49% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 34 | 82% | 16% | 2% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 34 | 84% | 14% | 2% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 40 | 75% | 20% | 5% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 43 | 70% | 23% | 7% | 58% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 42 | 80% | 14% | 6% | 48% |
Company Summary
GENERAL DYNAMICS UNITED KINGDOM LIMITED is a leading global aerospace and defense company with a strong presence in the United Kingdom
The company specializes in providing innovative products and services for the military, government, and commercial sectors
Their sustainability program focuses on reducing their environmental impact through energy efficiency, waste reduction, and responsible sourcing
They have also implemented initiatives to promote diversity and inclusion within their workforce
The company's products and services include advanced military technology, such as armored vehicles, communication systems, and weapons, as well as aerospace systems, including jet engines and avionics
Key people in the company include Kevin Graney, President of General Dynamics UK, and David Cole, Managing Director of General Dynamics UK
For more information on their products, services, and sustainability efforts, you can visit their website at www.gd.com
Their registered office address is Oakdale Business Park, Southampton Road, Romsey, Hampshire, SO51 0HR, United Kingdom
Company Review
Trend Analysis
The average time taken for GENERAL DYNAMICS UNITED KINGDOM LIMITED to pay invoices has decreased over the past three periods, from 42 days in 2018 to 38 days in 2021. However, there was a significant increase in the average time taken in 2022 and 2023, reaching 71 and 61 days respectively.
Volatility Analysis
The data shows some volatility in the percentage of invoices paid within 30 days, with a decrease from 80% in 2018 to 66% in 2021, followed by an increase to 70% in 2023. Additionally, there is volatility in the percentage of invoices paid later than 60 days, with a decrease from 6% in 2018 to 2% in 2020, followed by an increase to 10% in 2021. The overall trend in these percentages is a decrease in the number of invoices paid later than 60 days.
Summary Analysis
Overall, there has been a decrease in the average time taken for GENERAL DYNAMICS UNITED KINGDOM LIMITED to pay invoices, with a high of 42 days in 2018 and a low of 34 days in 2019 and 2020. The percentage of invoices paid within 30 days has fluctuated, with a high of 84% in 2019 and a low of 66% in 2021. However, the trend in this percentage is a decrease. The percentage of invoices paid later than 60 days has also fluctuated, with a high of 10% in 2021 and a low of 2% in 2020. The trend in this percentage is a decrease. The shortest standard payment period for GENERAL DYNAMICS UNITED KINGDOM LIMITED is 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from date of invoice
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
Invoice and payment queries are initially dealt with by our Accounts Payable Team. Each member of the team are responsible for a group of suppliers and will be up-to-date on the current status of their individual accounts. If there are complex issues preventing the approval of an account, it will be transferred to either our Supply Chain, Commercial and/or our Legal Department to assist with resolution
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available