KLM UK ENGINEERING LIMITED

Company Information

Company Number
02513110
Registered Address
Liberator Road, Norwich Airport, Norwich, Norfolk, NR6 6ER
Status
Active
Employee Count
392.0
Turnover
32035000.0
EBITDA
-973000.0

Additional Details

Company Type
Private limited Company
Incorporated On
18 June 1990
Nature of Business
52230 - Service activities incidental to air transportation
Industries
Travel And Transportation
Region
East of England

Company Location

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Financial Metrics

Cash
£89,000.00
Net Worth
£69,000.00
Total Current Assets
£8,202,000.00
Total Current Liabilities
£10,711,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
32 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
35%
31-60 Days
64%
After 60 Days
1%
Not Paid Within Terms84%

Payment Features

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

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20243235%64%1%84%
01 Jan 2023 - 30 Jun 202326 Jul 20233045%54%1%85%

Company Summary

KLM UK ENGINEERING LIMITED is a leading aircraft maintenance and engineering company based in the United Kingdom

They provide a wide range of services to the aerospace industry, including maintenance, repair, and overhaul of aircraft components and engines

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact

These include using eco-friendly materials and processes, reducing energy consumption, and promoting recycling and waste management practices

KLM UK ENGINEERING LIMITED offers a range of services, including line maintenance, base maintenance, and engine services for a variety of aircraft models

They also specialize in composite and structural repairs, as well as avionics and electrical systems maintenance

The key people in the company include the Managing Director, Peter Hollingsworth, and the Head of Engineering, Ian Bartholomew

They lead a team of highly skilled engineers and technicians who ensure the highest quality standards in all their services

For more information on their services and sustainability program, interested parties can visit their website at www.klmukengineering.com

The company's registered office address is at Norwich International Airport, Norwich, NR6 6JT, United Kingdom

In summary, KLM UK ENGINEERING LIMITED is a reputable and sustainable aircraft maintenance and engineering company, with a wide range of services and a committed team of professionals

Their dedication to sustainability sets them apart in the industry, making them a top choice for clients in the UK and beyond

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment in 30 days

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

We make 2 payment runs. On the 1st working day and the middle of the month

Maximum contractual payment period agreed

60

Dispute Resolution Process

Any dispute on a qualifying contract will be dealt with by the responsible director of the Leadership team

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