| 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 Jan 2024 - 30 Jun 2024 | 12 Jul 2024 | 36 | 67% | 24% | 9% | 33% |
| 01 Jul 2023 - 31 Dec 2023 | 16 Jan 2024 | 34 | 71% | 21% | 8% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 35 | 70% | 22% | 8% | 30% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 33 | 82% | 13% | 5% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Aug 2022 | 31 | 77% | 18% | 5% | 24% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 23 | 68% | 22% | 10% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 25 | 60% | 25% | 15% | 41% |
| 01 Jul 2020 - 31 Dec 2020 | 10 Feb 2021 | 32 | 60% | 23% | 17% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Feb 2021 | 34 | 52% | 30% | 18% | 51% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 41 | 43% | 33% | 24% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 38 | 54% | 31% | 15% | 60% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 42 | 59% | 22% | 19% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 40 | 57% | 25% | 18% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days
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
The main point of contact for disputes is the Accounts Payable Supervisor. When an invoice is disputed, for example the PO is different to the amount on the invoice, the Accounts Payable Supervisor will contact the relevant department that raised the PO/ approved the invoice to query the difference. It is up to the relevant department to contact the supplier if the invoice is incorrect or different to what is expected. LCY follows a strictly no PO no pay policy. The PO number is communicated by the relevant department at the time of placing the order.
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
London City Airport Limited is a commercial airport located in the Royal Docks area of London, United Kingdom. The airport is owned by Global Infrastructure Partners and has been in operation since 1987.
The main activities of London City Airport Limited include facilitating air travel for passengers and cargo, as well as providing services to airlines and other aviation-related companies. The airport has a single runway and serves mainly short-haul and business flights.
In recent years, London City Airport Limited has implemented a sustainability program to reduce its environmental impact. This includes initiatives such as reducing carbon emissions, managing noise levels, and promoting sustainable transportation options for passengers.
The airport also offers a range of products and services to enhance the travel experience for its customers. This includes a variety of dining options, duty-free shopping, and lounges for business and first-class passengers.
Some key people involved in London City Airport Limited include the CEO, Robert Sinclair, and the Chairman, Sir Terry Farrell. The airport also has a team of experienced executives and staff members who are committed to providing a high-quality and sustainable service to their customers.
For more information on London City Airport Limited, their website address is www.londoncityairport.com. The registered office address is Royal Docks, London, E16 2PB, United Kingdom.
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