| 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 Apr 2025 - 30 Sept 2025 | 22 Dec 2025 | 28 | 76% | 19% | 5% | 35% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Nov 2024 | 32 | 77% | 18% | 5% | 43% |
| 01 Oct 2023 - 31 Mar 2024 | 29 May 2024 | 26 | 78% | 18% | 4% | 36% |
| 01 Apr 2023 - 30 Sept 2023 | 11 Jan 2024 | 30 | 76% | 19% | 5% | 24% |
| 01 Apr 2021 - 30 Sept 2021 | 12 Nov 2021 | 28 | 69% | 26% | 5% | 34% |
| 01 Oct 2020 - 31 Mar 2021 | 01 Jul 2021 | 33 | 59% | 31% | 9% | 43% |
| 01 Apr 2020 - 30 Sept 2020 | 09 Nov 2020 | 30 | 67% | 23% | 10% | 2% |
| 01 Oct 2019 - 31 Mar 2020 | 09 Nov 2020 | 28 | 65% | 26% | 8% | 26% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 30 | 66% | 26% | 7% | 28% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 30 | 69% | 23% | 6% | 25% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 36 | 53% | 38% | 9% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Titan Airways standard payment terms are 30 days but these may be negotiated on a per account basis dependent on varying factors.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We have specific payment terms for aircraft fuel - 10 days
Maximum contractual payment period agreed
60
Any disputes with suppliers are initially raised by the approver of the invoice and these are managed by our Accounts Payable team. Disputes are regularly monitored and escalated to management if required.
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
Titan Airways Limited is a UK airline registered at Stansted Airport, Essex, operating since 1988. Companies House records its business as non-scheduled passenger air transport and freight air transport. Evidence gathered relates to TCS World Travel, a private jet tour operator, whose website confirms that the aircraft used for its round-the-world private jet expeditions are operated by Titan Airways Limited. This indicates Titan Airways acts as an aircraft operator providing charter flight services to travel companies such as TCS World Travel, rather than selling holidays directly to consumers itself. No further detail on fleet size, other clients or freight operations is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: tcsworldtravel.com