MITIE AVIATION SECURITY LIMITED
Company Information
- Company Number
- 02021486
- Registered Address
- Level 12 The Shard, 32 London Bridge Street, London, England, SE1 9SG
- Status
- Active
- Employee Count
- 1,208
- Turnover
- £53,367,000
- EBITDA
- £2,320,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 May 1986
- Nature of Business
- 52290 - Other transportation support activities
- Industries
- Air Travel, Distribution And Delivery, Safety And Security
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
MITIE AVIATION SECURITY LIMITED consistently averages 53 days for payments, with a dominant trend of 76% falling within the 31-60 day range. This indicates a predictable pattern where the vast majority of payments extend beyond standard 30-day terms, generally settling within a two-month window.
Volatility Analysis
Payments demonstrate moderate predictability; while only 16% are made within 30 days, the high concentration (76%) in the 31-60 day bracket suggests a reliable, albeit extended, payment cycle. The relatively low 8% exceeding 60 days and an 11% overall late rate indicate that significant payment volatility or default is not a primary concern.
Summary Analysis
Suppliers should anticipate an average payment term of approximately 53 days, with payments consistently extending beyond 30 days. It is recommended to factor these extended payment cycles into cash flow projections and consider adjusting contract terms or pricing to mitigate the impact of longer receivable periods.
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 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 39 | 53% | 45% | 2% | 14% |
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
Our standard payment terms state that payment of supplier invoices for goods and services will be made 60 days from the end of the month in which a correct, undisputed and properly due VAT invoice is received, unless otherwise agreed by a duly authorised representative. However, consideration is also given to our SME suppliers where alternative payment terms, of 30 days from the end of the month in which a correct and undisputed VAT invoice is dated, may be agreed. The business also operates a no purchase order, no pay policy, unless otherwise agreed, in exceptional circumstances, by a duly authorised representative. Invoices received, and which do not include a valid purchase order number, are rejected and returned to the supplier
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
We recognise the strategic importance of our supply chain partners, and as such are committed to treating them fairly. Our preference is to always address disputes in a transparent and timely manner, always acting in good faith, through open and constructive discussion. If such discussions fail to resolve a dispute, an authorised representative of the supplier and the company shall, within 30 days of a written request from one party to the other, meet in good faith to resolve the dispute. If the dispute remains unresolved either the supplier or the company shall refer it to mediation in accordance with the Centre for Effective Dispute Resolution ("CEDR") Model Mediation Procedure that is in force at the date of the referral
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?
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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
MITIE AVIATION SECURITY LIMITED is an active private limited company. It specialises in providing security services specifically within the aviation sector.
The company was incorporated on 20 May 1986 and operates with company number 02021486. Its registered office is located at Level 12 The Shard, 32 London Bridge Street, London, England, SE1 9SG, placing its operations within London.
Companies operating in the aviation security sector in the UK typically provide a range of specialised services. These commonly include airport security screening for passengers and baggage, access control systems, and the provision of trained security personnel to protect aviation infrastructure and operations.
