GATWICK AIRPORT LIMITED
Company Information
- Company Number
- 01991018
- Registered Address
- 5th Floor, Destinations Place, Gatwick Airport, Gatwick, West Sussex, RH6 0NP
- Status
- Active
- Employee Count
- 2,681
- Turnover
- £1,130,300,000
- EBITDA
- £571,400,000
Additional Details
- Website
- http://ifieldsociety.org.uk/
- Company Type
- Private limited Company
- Incorporated On
- 19 February 1986
- Nature of Business
- 52290 - Other transportation support activities
- Industries
- Air Travel, Transportation Infrastructure
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
GATWICK AIRPORT LIMITED consistently demonstrates prompt payment behavior, with an impressive average payment time of 27 days. A strong majority of 82% of invoices are settled within 30 days, indicating a very reliable and positive payment trend over time.
Volatility Analysis
While generally predictable, there is minor volatility as 16% of payments extend to 31-60 days, and 2% go beyond 60 days. The 12% late payment rate, though not severe, indicates a small but present risk of minor cash flow delays for some transactions.
Summary Analysis
GATWICK AIRPORT LIMITED represents a low payment risk for suppliers, characterized by generally prompt and consistent payment behavior. Suppliers should factor in the small percentage of payments that may exceed 30 days when managing cash flow, particularly for larger engagements. Implementing clear payment terms and monitoring for the infrequent longer delays can mitigate potential, albeit minor, disruptions.
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 2024 - 31 Dec 2024 | 31 Jan 2025 | 27 | 82% | 16% | 2% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 02 Aug 2024 | 27 | 78% | 19% | 3% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 25 | 79% | 18% | 3% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 81% | 15% | 3% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 23 | 83% | 14% | 3% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 26 | 83% | 13% | 4% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 09 May 2022 | 29 | 78% | 15% | 7% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 09 May 2022 | 32 | 73% | 19% | 8% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 09 May 2022 | 32 | 76% | 16% | 8% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 32 | 71% | 23% | 6% | 16% |
| 01 Oct 2019 - 31 Mar 2020 | 12 May 2020 | 28 | 74% | 21% | 5% | 12% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 30 | 67% | 28% | 5% | 14% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 33 | 65% | 26% | 9% | 17% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 31 | 61% | 29% | 10% | 20% |
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
Gatwick Airport’s standard payment terms are 60 days from the date of receipt of the invoice but many organisations, including smaller companies have terms of 30 days or less. Small invoices are paid immediately by Purchase Card. Payment runs are processed twice per month and pay all invoices that fall due in advance of the next payment run.
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
Dispute Resolution Process
Disputes must be registered and resolved with the requisitioner who raised the Purchase Order. When the dispute has been resolved, the requisitioner will process a receipt for the goods or service which will enable the invoice to be paid on the appropriate payment run. Accounts Payable report all invoices on hold on a weekly basis to the requisitioners and proactively follow up for a resolution to outstanding disputes.
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
GATWICK AIRPORT LIMITED is an active private limited company. It is responsible for the operation and management of Gatwick Airport, as indicated by its company name.
The company was incorporated on 19 February 1986, registered under company number 01991018. Its registered office is located at 5th Floor, Destinations Place, Gatwick Airport, Gatwick, West Sussex, RH6 0NP, placing it within the South East region of the UK.
As an airport operating organisation, GATWICK AIRPORT LIMITED provides critical infrastructure and services for air travel in the UK market. This typically includes managing airport facilities, runways, and terminals, alongside coordinating air traffic services. Furthermore, it facilitates passenger services, retail opportunities, and ground transport links for the wider aviation community.
