NEWCASTLE INTERNATIONAL AIRPORT LIMITED
Company Information
- Company Number
- 02077766
- Registered Address
- Woolsington, Newcastle Upon Tyne, NE13 8BZ
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 53358000.0
- EBITDA
- 25855000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 November 1986
- Nature of Business
- 51101 - Scheduled passenger air transport
- Industries
- 0
- Region
- North East
Company Location
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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 | 50 | 43% | 34% | 23% | 33% |
| 01 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | 44 | 58% | 26% | 16% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 46 | 49% | 31% | 20% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 41 | 56% | 28% | 16% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 39 | 63% | 22% | 15% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 49 | 40% | 44% | 16% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 51 | 41% | 35% | 24% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 35 | 46% | 48% | 6% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 29 | 69% | 26% | 5% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Aug 2019 | 31 | 56% | 40% | 4% | 11% |
Company Summary
Newcastle International Airport Limited (NIAL) is the primary airport serving the North East of England
It is owned by seven local authorities and is managed by a Board of Directors
NIAL offers a wide range of services including passenger and cargo flights, as well as general aviation and business aviation services
The airport also has a variety of retail and dining options for travelers
NIAL has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact
This includes investing in energy-efficient infrastructure, promoting sustainable travel options, and implementing waste reduction and recycling programs
The airport also offers a variety of products and services to enhance the passenger experience, such as fast-track security, airport lounges, and car rental services
Key people at NIAL include the Chief Executive Officer, Nick Jones, and the Chairman, David Laws
The Board of Directors is made up of representatives from the seven local authorities who own the airport
The contact information for NIAL is as follows:
Website address: https://www.newcastleairport.com/
Registered office address: Woolsington, Newcastle upon Tyne, NE13 8BZ
Telephone number: +44 (0)191 286 0966
Email: enquiry@newcastleinternational.co.uk
Company Review
Trend Analysis
The average time taken for Newcastle International Airport Limited to pay invoices has fluctuated over the past three periods, with an initial decrease from 31 days in 2019 to 29 days in 2020, followed by an increase to 51 days in 2020. However, there has been a steady improvement since then, with the average time decreasing to 44 days in 2023.
Volatility Analysis
The volatility of the percentage of invoices paid within 30 days has been relatively stable, with a slight increase from 56% in 2019 to 58% in 2023. However, the volatility of the percentage of invoices paid between 31 and 60 days has been more significant, with a decrease from 40% in 2019 to 26% in 2021, followed by an increase to 34% in 2023.
Summary Analysis
In the past three periods, Newcastle International Airport Limited has shown an improvement in their average time to pay invoices, with a decrease from 31 days in 2019 to 44 days in 2023. However, there has been volatility in the percentage of invoices paid within 30 days and between 31 and 60 days, with a decrease and then an increase in both categories. There has also been a significant increase in the percentage of invoices paid later than 60 days in 2021, which has since decreased in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The majority of payment terms are agreed in individual contracts with suppliers, for those not separately agreed standard payment terms are 45 days. This also represents the maximum contractual payment period.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The standard terms and conditions of purchase including payment terms are published on the Airport's website.
Maximum contractual payment period agreed
45
Dispute Resolution Process
The accounts payable team is the first point of contact to resolve queries with suppliers. Any discrepancies identified on receipt of invoice are followed up with the service requisitioner and supplier to ensure prompt resolution of any 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?
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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
