NATS LIMITED
Company Details
Registration Number
03155567
Registered Address
4000 Parkway Whiteley Fareham Hampshire PO15 7FL
Company Status
Active
Employee Count
4012
Turnover
£513,500,000
EBITDA
£0
Additional Information
Website
nats.aeroCompany Type
Private limited Company
Incorporated on
31 January 1996
Nature of Business (SIC)
51101 - Scheduled passenger air transport
Industries
0
Region
South EastCompany Location
Financial Overview
£3,900,000
£253,400,000
Last Reporting Period
Filed
26 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
27 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
10%
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 Apr 2023 - 30 Sep 2023 | 26 Oct 2023 | 27 | 88% | 10% | 2% | 10% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 29 | 79% | 20% | 1% | 11% |
| 01 Apr 2022 - 30 Sep 2022 | 27 Oct 2022 | 30 | 82% | 16% | 2% | 12% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 36 | 78% | 17% | 5% | 13% |
| 01 Apr 2021 - 30 Sep 2021 | 28 Oct 2021 | 50 | 62% | 20% | 18% | 21% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 49 | 56% | 24% | 20% | 37% |
| 01 Apr 2020 - 30 Sep 2020 | 26 Oct 2020 | 50 | 47% | 27% | 26% | 49% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 30 | 82% | 14% | 4% | 21% |
| 01 Apr 2019 - 30 Sep 2019 | 21 Oct 2019 | 31 | 82% | 13% | 5% | 19% |
| 01 Oct 2018 - 31 Mar 2019 | 23 Apr 2019 | 36 | 80% | 15% | 5% | 19% |
| 01 Apr 2018 - 30 Sep 2018 | 29 Oct 2018 | 33 | 65% | 31% | 4% | 37% |
Company Summary
NATS LIMITED is a leading air navigation services provider in the United Kingdom, responsible for managing the safe and efficient movement of aircraft within British airspace
The company was established in 1962 and is headquartered in Hampshire, England
NATS LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact
This includes reducing carbon emissions, promoting sustainable travel, and implementing energy-efficient practices in their operations
The company is also working towards achieving a zero-waste goal by recycling and reusing materials
The company offers a range of services, including air traffic control, flight information, and meteorological services
They also provide consultancy and training services to other air navigation service providers worldwide
The key people at NATS LIMITED include Martin Rolfe, the CEO, and Tim Bullock, the Chairman
They are supported by a team of experienced professionals who are dedicated to providing safe and efficient air navigation services
To contact NATS LIMITED, individuals can visit their website at www.nats.aero
The registered office address is NATS Corporate and Technical Centre, 4000 Parkway, Whiteley, Fareham, Hampshire PO15 7FL, United Kingdom
In conclusion, NATS LIMITED is a well-established air navigation services provider in the UK with a strong commitment to sustainability
They offer a range of services and have a team of experienced professionals, making them a trusted partner in the aviation industry
Company Review
Trend Analysis
The average time taken for NATS LIMITED to pay invoices has decreased over the past three periods, from 33 days in 2018-2019 to 27 days in 2022-2023. Additionally, the percentage of invoices paid within 30 days has consistently remained above 60%, with a high of 88% in 2023. However, there has been an increase in the percentage of invoices paid later than 60 days in the most recent period, reaching 26% in 2020-2021.
Volatility Analysis
The average time taken for NATS LIMITED to pay invoices has shown a moderate level of volatility, with a range of 23 days over the past three periods. The percentage of invoices paid within 30 days has also shown a moderate level of volatility, with a range of 22% over the same period.
Summary Analysis
NATS LIMITED has shown improvement in their average time taken to pay invoices, with a decrease from 33 days in 2018-2019 to 27 days in 2022-2023. The company has also consistently paid a majority of their invoices within 30 days, with a high of 88% in 2023. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the most recent period, reaching 26% in 2020-2021.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Subject to the proper performance of the contract, invoices which are correct in all material respects, properly addressed and bearing the Purchase Order number shall be paid by NATS within 30 days of receipt or as otherwise agreed in writing.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
In order to be processed, invoices must quote a valid purchase order number and must be addressed to: NATS Ltd Office 202 & 203 Regus, Westpoint 4 Redheughs Rigg South Gyle Edinburgh EH12 9DQ Invoices must either be submitted electronically as an e-invoice on the Ariba platform (for Purchase Orders issued via Ariba) or provided in PDF form by email to plservices@nats.co.uk. NATS no longer regularly monitors receipt of paper invoices which are delivered by post. Invoices which are not correctly addressed with a valid purchase order and sent to NATS in the manner described above may not be settled within agreed terms.
Maximum contractual payment period agreed
60
Dispute Resolution Process
We will inform suppliers promptly when invoices are contested. Any complaints from suppliers regarding non-payment will be dealt with in an effective and timely manner.
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?
❌
