EASTERN AIRWAYS (UK) LIMITED

Company Information

Company Number
03468489
Registered Address
C/O Bissell & Brown Charter House, 56 High Street, Sutton Coldfield, West Midlands, United Kingdom, B72 1UJ
Status
Active
Employee Count
112
Turnover
£38,058,000
EBITDA
£516,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 November 1997
Nature of Business
51101 - Scheduled passenger air transport
Industries
Travel And Transportation
Region
West Midlands

Time to Pay

Average Time to Pay
93 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
18%
31-60 Days
17%
After 60 Days
66%
Not Paid Within Terms84%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-10-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2019 - 30 Sept 201908 Oct 20195523%50%27%85%
01 Oct 2018 - 31 Mar 201930 Apr 20196218%44%38%90%
01 Apr 2018 - 30 Sept 201829 Oct 20186118%45%37%91%

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

30 days

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

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Any dispute in respect of supplier payments are resolved by contacting the accounts payable department (wendy.payne@easternairways.com)           

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

EASTERN AIRWAYS (UK) LIMITED is a regional airline based in the United Kingdom. Founded in 1997, the company operates scheduled and charter flights to destinations in the UK and Europe.

The airline has a strong focus on sustainability and is committed to reducing its environmental impact. They have implemented various measures such as using fuel-efficient aircraft, reducing carbon emissions and promoting sustainable practices in their operations.

EASTERN AIRWAYS offers a range of services including scheduled flights to major cities in the UK, as well as charter flights for corporate and private clients. They also provide cargo transportation services.

The key people at EASTERN AIRWAYS include the CEO, Tony Burgess, who has over 30 years of experience in the aviation industry. The company also has a dedicated team of pilots, engineers, and ground staff who ensure the smooth operation of their flights.

Customers can contact EASTERN AIRWAYS through their website, which provides information on flight schedules, bookings, and other services. The airline's registered office address is Eastern Airways, Schiphol House, Humberside Airport, Kirmington, DN39 6YH, UK.

In summary, EASTERN AIRWAYS (UK) LIMITED is a reputable airline in the UK that offers sustainable and reliable services to its customers. With a focus on reducing its environmental impact and a dedicated team of professionals, the airline continues to provide efficient and quality services to its customers.

Financial Metrics

Cash
£1,542,947
Net Worth
£6,180,728
Total Current Assets
£20,323,811
Total Current Liabilities
£13,580,839

Company Location