TITAN AIRWAYS LIMITED
Company Information
- Company Number
- 02212225
- Registered Address
- Endeavour House Coopers End Road, Stansted Airport, Stansted, Essex, England, CM24 1SJ
- Status
- Active
- Employee Count
- 106
- Turnover
- £159,827,000
- EBITDA
- £8,898,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 January 1988
- Nature of Business
- 51102 - Non-scheduled passenger air transport51210 - Freight air transport
- Industries
- Air Travel, Travel And Transportation
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 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% |
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
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
specific payment terms for aircraft fuel - 10 days
Maximum contractual payment period agreed
60
Dispute Resolution Process
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.
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
TITAN AIRWAYS LIMITED is an active private limited company. Based on its name, the company operates within the aviation sector, specialising in the provision of air transport services.
The company was incorporated on 20 January 1988 and holds company number 02212225. Its registered office is Endeavour House Coopers End Road, Stansted Airport, Stansted, Essex, England, CM24 1SJ, placing its operations within the East of England.
As a private limited company operating in air transport within the UK market, organisations of this nature typically provide services such as passenger and/or cargo flights. This can include scheduled services, bespoke charter operations, or contracted air freight.
