LONDON SOUTHEND AIRPORT COMPANY LIMITED
Company Information
- Company Number
- 02881745
- Registered Address
- Third Floor, 15 Stratford Place, London, England, W1C 1BE
- Status
- Active
- Employee Count
- 218
- Turnover
- £8,556,000
- EBITDA
- -£12,695,000
Additional Details
- Website
- https://southendairport.com/
- Company Type
- Private limited Company
- Incorporated On
- 17 December 1993
- Nature of Business
- 51101 - Scheduled passenger air transport52103 - Operation of warehousing and storage facilities for land transport activities82990 - Other business support service activities not elsewhere classified
- Industries
- Air Travel, Transportation Infrastructure
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for LONDON SOUTHEND AIRPORT COMPANY LIMITED has been decreasing consistently over the past three periods, from 64 days in Mar 2018 - Aug 2018 to 52 days in Sep 2019 - Feb 2020. This shows that the company has been improving their payment efficiency over time.
Volatility Analysis
The percentage of invoices paid within 30 days has remained relatively stable, ranging from 10% to 12% over the past three periods. However, there has been a significant decrease in the percentage of invoices paid between 31 and 60 days, from 64% in Mar 2018 - Aug 2018 to 76% in Mar 2019 - Aug 2019. This shows that the company has been making more timely payments to their suppliers. The percentage of invoices paid later than 60 days has also decreased significantly, from 26% to 10%, indicating that the company has been prioritizing and paying their invoices on time.
Summary Analysis
Overall, LONDON SOUTHEND AIRPORT COMPANY LIMITED has consistently decreased their average time to pay over the past three periods, with the most recent period having the lowest average time of 52 days. There has also been a significant improvement in timely payments, with the percentage of invoices paid within 30 days increasing from 10% to 12% and the percentage of invoices paid between 31 and 60 days increasing from 64% to 76%. The percentage of invoices paid later than 60 days has also decreased from 26% to 10%. However, the percentage of invoices not paid within agreed terms remains high at 83%, indicating that there is still room for improvement in payment efficiency for the company.
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 Sept 2019 - 29 Feb 2020 | 01 Apr 2020 | 52 | 12% | 78% | 10% | 83% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 55 | 12% | 76% | 12% | 75% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 56 | 12% | 66% | 22% | 85% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 64 | 10% | 64% | 26% | 67% |
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
Standard payment terms are 45 days in the absence of agreed terms with a supplier.
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
45
Dispute Resolution Process
Queries should initially be sent either to the department managing the contract or to the London Southend Airport accounts department (LSAaccounts@southendairport.com). Queries will be reviewed with the aim of providing a prompt resolution. Any further disputes would be escalated to senior management and/or the Legal team with a view to resolving the situation.
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
London Southend Airport Company Limited is a UK-based company that operates and manages London Southend Airport. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company offers a range of products and services, including passenger and cargo transportation, as well as aircraft maintenance and repair. It also provides a variety of amenities to travelers, such as restaurants, shops, and parking facilities.
The key people at London Southend Airport Company Limited include the CEO, Glyn Jones, and the Chief Financial Officer, Mark Darby. They are responsible for the overall management and operations of the airport.
The company's sustainability program focuses on reducing carbon emissions, waste management, and promoting sustainable practices among its staff and partners. It has implemented energy-efficient measures, such as using LED lighting and solar panels, to reduce its carbon footprint. The airport also has a waste management system in place to recycle and reduce waste.
To promote sustainable travel, the airport offers electric car charging points and encourages the use of public transportation through partnerships with local transport providers. It also supports local charities and community initiatives to give back to the community.
The registered office address of London Southend Airport Company Limited is London Southend Airport, Southend-On-Sea, Essex, SS2 6YF, UK. Their website address is www.southendairport.com, where visitors can find information on flights, services, and sustainability efforts.
In conclusion, London Southend Airport Company Limited is a sustainable company that offers a range of products and services while minimizing its environmental impact. With its commitment to sustainability and community involvement, the company continues to be a leading airport in the UK.
