HEATHROW AIRPORT LIMITED
Company Information
- Company Number
- 01991017
- Registered Address
- The Compass Centre, Nelson Road, Hounslow, Middlesex, TW6 2GW
- Status
- Active
- Employee Count
- 5936.0
- Turnover
- 2838000000.0
- EBITDA
- 1541000000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 February 1986
- Nature of Business
- 51101 - Scheduled passenger air transport$82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- 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 | 27 | 93% | 6% | 1% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 03 Jul 2023 | 27 | 94% | 5% | 1% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 03 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 23 | 94% | 5% | 1% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 26 | 94% | 5% | 1% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 28 | 84% | 14% | 3% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 23 | 92% | 5% | 3% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 22 | 92% | 7% | 1% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 22 | 95% | 4% | 1% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 23 | 94% | 4% | 2% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Feb 2019 | 21 | 94% | 5% | 1% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 21 | 94% | 4% | 2% | 6% |
Company Summary
Heathrow Airport Limited is a British airport company that operates Heathrow Airport, the busiest airport in the United Kingdom
The company is responsible for the management, operation, and development of the airport, as well as ensuring the safety and security of its passengers and staff
One of the key focuses of Heathrow Airport Limited is sustainability
The company has a comprehensive sustainability program in place, with a goal to become a zero-carbon airport by 2050
The program includes initiatives such as reducing carbon emissions, promoting sustainable transport options, and implementing energy-efficient practices
In terms of products and services, Heathrow Airport Limited offers a range of facilities and amenities for passengers, including duty-free shopping, restaurants, and lounges
The airport also provides a variety of transportation options, including trains, buses, and taxis, to help passengers reach their destinations
The key people at Heathrow Airport Limited include its CEO, John Holland-Kaye, and its Chairman, Lord Deighton
They lead a team of over 76,000 employees who work to ensure the smooth and safe operation of the airport
For more information on Heathrow Airport Limited and its services, you can visit their website at www.heathrow.com
Their registered office address is Heathrow Airport Limited, The Compass Centre, Nelson Road, Hounslow, Middlesex, TW6 2GW, United Kingdom
Company Review
Trend Analysis
The average time for HEATHROW AIRPORT LIMITED to pay invoices has fluctuated over the past three periods, but overall there has been a slight increase in the time taken to pay, going from 21 days in the first period to 23 days in the third period. However, there was a significant increase in the seventh period, going up to 28 days. This trend suggests that the company may be struggling to meet their payment obligations within a timely manner.
Volatility Analysis
The volatility of HEATHROW AIRPORT LIMITED's payment behavior can be seen in the changes in their percentage of invoices paid within 30 days and later than 60 days. In the first three periods, the percentage of invoices paid within 30 days remained consistent at 94%. However, in the fourth period, there was a slight increase to 95%, followed by a decrease in the fifth period to 92%. In the sixth period, there was a significant increase to 92%, indicating that the company may have experienced some financial difficulties. The volatility continues in the seventh period, with a further decrease to 84%. Similarly, the percentage of invoices paid later than 60 days also fluctuated, with an increase in the fifth period to 7%, followed by a decrease in the sixth period to 5%. However, in the seventh period, there was a significant increase to 14%, indicating that the company's payment behavior may have worsened.
Summary Analysis
HEATHROW AIRPORT LIMITED has maintained a consistent average time to pay of 21-23 days for the past three periods. However, there was a significant increase in the seventh period, going up to 28 days. The percentage of invoices paid within 30 days has also remained consistent at 94%, except for a slight increase to 95% in the fourth period and a decrease to 84% in the seventh period. The percentage of invoices paid later than 60 days has fluctuated, with a significant increase in the seventh period to 14%. This indicates that the company may be struggling to meet their payment obligations within a timely manner. The shortest (or only) standard payment period for HEATHROW AIRPORT 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
Company policy is to pay suppliers within the agreed credit terms of 30 days from the date of the invoice. We will only accept an invoice for processing once it fulfills the criteria required as stated within our contractual terms and conditions
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
30
Dispute Resolution Process
Any disputes are settled between the owner and requestor of the purchase order, the accounts payable team and supplier, and then if necessary with the procurement manager
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