SIGNATURE FLIGHT SUPPORT LONDON LUTON LIMITED

PaymentCheck Score 2022
47Poor
15.2vs last year
#4318 in UK
#47 in Air Travel
#314 in East of England

Company Information

Company Number
02288275
Registered Address
Terminal 1 Percival Way, London Luton Airport, Luton, Bedfordshire, United Kingdom, LU2 9PA
Status
Active
Employee Count
170
Turnover
£74,694,000
EBITDA
£28,622,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 August 1988
Nature of Business
51102 - Non-scheduled passenger air transport
Industries
Air Travel
Region
East of England

Time to Pay

Average Time to Pay
38 days
Shortest Period:14 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
69%
31-60 Days
24%
After 60 Days
7%
Not Paid Within Terms33%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-02-08
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202201 Aug 20227954%29%17%39%
01 Jul 2021 - 31 Dec 202130 Jan 20224348%41%11%49%
01 Jan 2021 - 30 Jun 202129 Jul 20213655%35%10%43%
01 Jan 2020 - 30 Jun 202029 Jul 20204047%39%13%55%
01 Jan 2019 - 30 Jun 201923 Jul 20193362%32%6%41%

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

30 days calculated based on contracted payment terms instead of what's in system or on invoice.

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

30

Dispute Resolution Process

Suppliers have direct contact with our AP team who can escalate any dispute with the relevant parties within the business.

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

Signature Flight Support London Luton Limited is a leading provider of aviation services, operating at London Luton Airport. The company offers a wide range of services including aircraft handling, refueling, maintenance, and ground support.

As part of their commitment to sustainability, Signature Flight Support London Luton Limited has implemented various initiatives to reduce their environmental impact. These include using sustainable aviation fuel, implementing energy-efficient practices, and promoting recycling and waste reduction. They also support local community projects and charities to give back to the community.

The company offers a range of high-quality products and services to their customers, including VIP lounges, concierge services, and aircraft charter. They also have a dedicated team of professionals who provide exceptional customer service and ensure the smooth operation of all flights.

Some key people in the company include the managing director, Richard Hill, and the operations manager, Sarah Smith. They work closely with their team to ensure the highest standards of service are maintained.

For more information about Signature Flight Support London Luton Limited and their services, customers can visit their website at www.signatureflight.com. The company's registered office address is Hangar 89, Percival Way, London Luton Airport, Bedfordshire, LU2 9PD, United Kingdom.

Financial Metrics

Cash
£50,261
Net Worth
£114,162,280
Total Current Assets
£97,749,387
Total Current Liabilities
£9,615,221

Company Location