LEONARDO UK LTD
Company Information
- Company Number
- 02426132
- Registered Address
- 1 Eagle Place, St James's, London, England, SW1Y 6AF
- Status
- Active
- Employee Count
- 7452.0
- Turnover
- 2109025000.0
- EBITDA
- 235363000.0
Additional Details
- Website
- https://www.uk.leonardo.com/
- Company Type
- Private limited Company
- Incorporated On
- 25 September 1989
- Nature of Business
- 26309 - Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment$26511 - Manufacture of electronic measuring, testing etc. equipment, not for industrial process control$30300 - Manufacture of air and spacecraft and related machinery$33160 - Repair and maintenance of aircraft and spacecraft
- Industries
- Safety And Security,Travel And Transportation
- Region
- London
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 | 26 | 73% | 21% | 6% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 25 | 74% | 20% | 6% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 26 | 74% | 19% | 7% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 30 | 68% | 23% | 9% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 28 | 68% | 23% | 9% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 29 | 67% | 24% | 9% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 30 | 62% | 29% | 9% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 34 | 53% | 34% | 13% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 37 | 53% | 33% | 14% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 36 | 51% | 35% | 14% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 38 | 50% | 35% | 15% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 40 | 54% | 30% | 16% | 44% |
Company Summary
LEONARDO UK LTD is a leading company in the aerospace, defense, and security industry based in the United Kingdom
The company is committed to sustainability and has a strong focus on reducing its environmental impact
Their sustainability program includes initiatives such as energy efficiency, waste reduction, and responsible sourcing of materials
They have also implemented a green supply chain and actively engage in community projects to support environmental conservation
LEONARDO UK LTD offers a wide range of products and services, including helicopters, aircraft systems, electronics, and sensors
They also provide training and support services for their products
The company is led by key people such as the Chairman, Sir Peter Gershon, and the CEO, Norman Bone
They have a team of highly skilled and experienced professionals who are dedicated to delivering high-quality products and services
For more information on their products and services, interested individuals can visit their website at www.leonardouk.com
Their registered office address is located at 6 Carlton Gardens, London SW1Y 5AD, United Kingdom
In conclusion, LEONARDO UK LTD is a reputable company that is committed to sustainability and offers a diverse range of products and services in the aerospace, defense, and security industry
With their experienced leadership and dedicated team, they continue to provide innovative solutions to meet the needs of their customers
Company Review
Trend Analysis
The average time taken for LEONARDO UK LTD to pay invoices has been steadily decreasing since 2018, with a notable drop in 2020. The percentage of invoices paid within 30 days has also been increasing over the years, while the percentage of invoices paid later than 60 days has been decreasing. This indicates that the company has been making efforts to improve their payment process and pay their suppliers on time.
Volatility Analysis
The data for LEONARDO UK LTD shows a relatively stable trend, with only minor fluctuations in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. However, there was a significant decrease in the average time taken to pay invoices in 2020, which could indicate a change in the company's payment policies or processes.
Summary Analysis
In the past three periods, from 2021-01-01 to 2023-12-31, LEONARDO UK LTD has shown consistent improvement in their payment process. The average time taken to pay invoices has decreased from 30 days to 26 days, with a significant increase in the percentage of invoices paid within 30 days (from 67% to 73%). Additionally, the percentage of invoices paid later than 60 days has decreased from 9% to 6%, showing a positive trend towards early payment.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The purpose of this policy is to provide clear guidelines to employees, suppliers and all other stakeholders in respect of the payment policies of Leonardo UK Ltd. The over-riding principle when writing the policy is to ensure suppliers are treated fairly, and that the company and our suppliers both benefit from reasonable terms of payment, that are both achievable and do not adversely affect cash-flow for either party. We therefore endeavour to ensure: • The company aims to ensure suppliers are paid on time within the terms agreed at the outset of the contract. • The company will not attempt to change the payment terms retrospectively without good reason. • The company will not change practice on the length of payment for smaller companies on unreasonable grounds. • The company will provide suppliers with clear and easily accessible guidance on payment procedures. • The company provides a method for dealing with complaints and disputes in relation to payment processing, and a method for escalation of the before-mentioned complaint. • The company will endeavour to advise if there is a reason an invoice may not be settled within the agreed terms. • The company endeavours to comply with all applicable law and regulation, in relation to supplier payments. • The company maintains a Corporate Social Responsibility policy, which applies to all company activity including payments. • The company provides a method of electronic invoicing, either by fax or email transmission or by use of an invoicing portal. Default Payment Terms All Purchase Orders (PO’s) placed on Suppliers shall include our standard 30 days payment terms from receipt of invoice, as defined in our General conditions of Purchase. • The company recognises that on some contracts, that there is an overarching pay when paid clause present which takes precedence over terms detailed on purchase orders. • PO (or Agreement) milestone payments in advance of Supplier delivery, shall not be permitted unless exceptional circumstances apply. • If an invoice is becoming due and approved it can be expected to be included on the next payment run, which occurs weekly for GBP, and twice a month for Foreign currencies.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Other Information on payment terms & calculation methods The supplier invoice date has been used instead of the invoice receipt date, in instances where we currently have no other consistent reliable method of recording the date of receipt. Where invoices were settled in full through the raising of a credit note, the credit note and matching invoice were not included in the payment statistics. If there is a partial match then the remainder of the invoice is included in the payment statistics. We make payment either through bank settlements or by the use of corporate purchasing cards. If the purchasing card was used to make payment then same day receipt by the supplier is assumed. Invoices relating to intercompany activity with Leonardo SpA have been excluded from the statistics. These follow a different payment process due to additional factors arising from circumstances outside of our direct control. i.e. Italian Military licencing.
Maximum contractual payment period agreed
90
Dispute Resolution Process
The company is committed to dealing with suppliers in a fair, honest and professional manner regarding any payment disputes. If a supplier has any dispute or concern regarding a payment, their first contact should be with their procurement relationship contact within the business. In their absence, an alternative route would be to contact the Leonardo UK Ltd accounts payable department. In the event that those involved are unable to find a solution, then the issue can be escalated through the relevant managerial levels with 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.
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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
