GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED
Company Information
- Company Number
- 02512067
- Registered Address
- Fitzwilliam House, 10 St Mary Axe, London, EC3A 8EQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 June 1990
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED demonstrates a strong trend of prompt payments, with an impressive average payment time of just 16 days. A significant 97% of invoices are settled within 30 days, highlighting consistent adherence to rapid payment schedules. This trajectory suggests high reliability for suppliers expecting quick turnaround times for most transactions.
Volatility Analysis
While most payments are fast, the 44% "late" payment figure indicates an element of unpredictability regarding strict adherence to initial due dates for a portion of invoices. However, the very low percentages of payments extending to 31-60 days (2%) or over 60 days (1%) signify minimal risk of severely prolonged delays. The primary risk factor is missing initial deadlines rather than sustained non-payment or high financial exposure for suppliers.
Summary Analysis
Overall, GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED presents a low payment risk for suppliers, largely due to its excellent average payment speed and the high proportion of payments made within 30 days. Suppliers should anticipate that while most payments are prompt, a notable portion might technically be "late" against their specified due date, though rarely excessively delayed. Standard payment terms are recommended, but initial monitoring of payment patterns could provide further insight into the nature of these "late" payments.
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 2024 - 31 Dec 2024 | 29 Jan 2025 | 16 | 97% | 2% | 1% | 44% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 14 | 98% | 2% | 0% | 48% |
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
As per the supplier's contractual terms of payment or the terms of payment on the invoice received.
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
Please contact the Global Aerospace employee who ordered the good or service in the first instance.
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?
❌
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
GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED is an active private limited company specialising in the management of underwriting services for the aerospace sector. Operating as a distinct legal entity, it provides expert risk assessment and policy administration within this highly specialised industry.
The company was incorporated on 14 June 1990 and holds the company number 02512067. Its registered office is located in London at Fitzwilliam House, 10 St Mary Axe, London, EC3A 8EQ, confirming its base in the UK capital.
As an aerospace underwriting manager in the UK market, the company typically provides services such as evaluating, pricing, and administering complex insurance risks associated with aviation and space operations. This includes developing and managing specialised insurance policies and portfolios for aircraft, space vehicles, and related aerospace activities on behalf of insurers.
