| 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 the registered company operating London City Airport, located in the Royal Docks area of east London. Companies House records list its business as scheduled passenger air transport, and it is categorised under airports and passenger airlines. According to an independent guide to the airport, it has served around 5.1 million passengers, with airlines based there flying to more than 50 destinations worldwide, despite only twelve airlines operating from the site. The airport sits roughly six miles from central London and close to Canary Wharf and the ExCeL centre, making it the smallest and only inner-London airport of the capital's main air transport hubs.
Generated from the company's website and Companies House records. Sources: london-city-airport-guide.co.uk