GE AIRCRAFT ENGINE SERVICES LIMITED
Company Information
- Company Number
- 02605713
- Registered Address
- Caerphilly Road, Nantgarw, Cardiff, CF15 7YJ
- Status
- Active
- Employee Count
- 1506.0
- Turnover
- 924436000.0
- EBITDA
- 64264000.0
Additional Details
- Website
- https://ge.com
- Company Type
- Private limited Company
- Incorporated On
- 29 April 1991
- Nature of Business
- 30300 - Manufacture of air and spacecraft and related machinery
- Industries
- 0
- Region
- Wales
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 | 02 Feb 2024 | 58 | 21% | 28% | 51% | 31% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 61 | 26% | 36% | 38% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 59 | 29% | 18% | 53% | 38% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 50 | 44% | 23% | 33% | 39% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Feb 2022 | 48 | 43% | 25% | 31% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 58 | 49% | 24% | 27% | 40% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 46 | 50% | 22% | 28% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 46 | 42% | 22% | 36% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 42 | 53% | 14% | 33% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 27 | 77% | 10% | 13% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 24 | 84% | 11% | 5% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 28 | 77% | 14% | 8% | 29% |
Company Summary
GE Aircraft Engine Services Limited is a British company that specializes in providing maintenance, repair, and overhaul services for aircraft engines
The company is a subsidiary of General Electric (GE), a multinational conglomerate company
Their sustainability program is focused on reducing their environmental impact through energy efficiency, waste reduction, and responsible sourcing
They have implemented various initiatives such as using renewable energy sources, reducing greenhouse gas emissions, and recycling waste materials
The company offers a wide range of products and services, including engine maintenance, repair, and overhaul services for various types of aircraft engines
They also provide engine leasing solutions and customized engine maintenance programs to meet the specific needs of their customers
The key people at GE Aircraft Engine Services Limited include David Joyce, the President and CEO of GE Aviation, and Gareth Richards, the Managing Director of the company
They both bring a wealth of knowledge and experience to the company and are committed to driving its success
For more information on their products and services, interested parties can visit their website at www.geaviationservices.com
The registered office address of GE Aircraft Engine Services Limited is located at Chatteris Business Park, Honeysome Road, Chatteris, Cambridgeshire PE16 6QH, United Kingdom
Company Review
Trend Analysis
The average time taken for GE AIRCRAFT ENGINE SERVICES LIMITED to pay invoices has gradually increased over the past three years, with a significant spike in 2022. The percentage of invoices paid within 30 days has also decreased over the same period, while the percentage of invoices paid later than 60 days has increased.
Volatility Analysis
There has been some volatility in the data, particularly in 2022 where there was a significant increase in the average time to pay and a decrease in the percentage of invoices paid within 30 days. However, overall, the data shows a consistent trend of longer payment times and a decrease in invoices paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Any domestic payment terms >90 days are with large suppliers agreed under separate contract terms. 120 day payment terms apply to international suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
The Accounts Payable function escalate any disputes to the Sourcing function who engage with the supplier to establish the agreed term.
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
