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
- 2294.0
- Turnover
- 1015100000.0
- EBITDA
- 518800000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 February 1986
- Nature of Business
- 52290 - Other transportation support activities
- Industries
- 0
- Region
- South East
Company Location
Loading map...
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 | 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% |
Company Summary
GATWICK AIRPORT LIMITED is the second-largest airport in the UK, located near Crawley in West Sussex
The airport is owned and operated by VINCI Airports, a leading global player in the airport sector
The company's sustainability program, "Decade of Change," focuses on reducing the airport's environmental impact while also supporting the local community
This program includes initiatives such as reducing carbon emissions, promoting sustainable transportation options, and supporting local charities and educational programs
GATWICK AIRPORT LIMITED offers a variety of products and services to its passengers, including a wide range of retail and dining options, free Wi-Fi, and a premium lounge
The airport also offers special assistance services for passengers with disabilities or reduced mobility
The key people at GATWICK AIRPORT LIMITED include Stewart Wingate, the CEO, and Paul Fitch, the CFO
The company's registered office address is Gatwick Airport, West Sussex, RH6 0NP, UK
Passengers can contact GATWICK AIRPORT LIMITED through their website, www.gatwickairport.com, where they can find information about flights, services, and amenities
The airport also has a customer service team available 24/7 to assist passengers with any inquiries or concerns
In summary, GATWICK AIRPORT LIMITED is a leading airport in the UK, with a strong focus on sustainability and providing excellent services to its passengers
Its commitment to reducing its environmental impact and supporting the local community makes it a responsible and reputable airport
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
Any other information about payment terms
We have significantly improved our payment lead times over the last 6 months which has resulted in a reduction in the time taken to pay suppliers. We continue to improve processes to ensure payments are made on time.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
