MEGGITT AEROSPACE LIMITED
Company Information
- Company Number
- 03477890
- Registered Address
- Pilot Way, Ansty Business Park, Coventry, England, CV7 9JU
- Status
- Active
- Employee Count
- 1,388
- Turnover
- £224,339,000
- EBITDA
- £21,534,000
Additional Details
- Website
- https://meggitt.com
- Company Type
- Private limited Company
- Incorporated On
- 9 December 1997
- Nature of Business
- 25990 - Manufacture of other fabricated metal products not elsewhere classified26512 - Manufacture of electronic industrial process control equipment30300 - Manufacture of air and spacecraft and related machinery33160 - Repair and maintenance of aircraft and spacecraft
- Industries
- Travel And Transportation
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 27 Mar 2025 | 83 | 10% | 26% | 64% | 34% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Mar 2023 | 77 | 12% | 37% | 51% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 68 | 11% | 40% | 49% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 69 | 6% | 40% | 54% | 67% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 68 | 51% | 31% | 18% | 67% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 66 | 11% | 29% | 60% | 64% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 66 | 7% | 28% | 65% | 71% |
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 across all sites are 90 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
Dispute Resolution Process
I2C have a dispute resolution team in which they deal with any queries.
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.
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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?
❌
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
MEGGITT AEROSPACE LIMITED is a leading global engineering company that designs and manufactures high-performance components and subsystems for the aerospace, defense, and energy markets. The company was founded in 1947 and is headquartered in Christchurch, Dorset, United Kingdom.
MEGGITT AEROSPACE LIMITED's sustainability program is a key aspect of its operations and is focused on reducing its environmental impact, promoting responsible business practices, and ensuring the health and safety of its employees and communities. The company has set ambitious targets to reduce its carbon footprint, energy consumption, and waste production, and has implemented various sustainability initiatives across its operations.
The company's products and services include aircraft braking systems, engine and control systems, fuel systems, heat and fire protection, and sensing and monitoring systems. These products and services are used in various applications such as commercial and military aircraft, helicopters, and spacecraft.
MEGGITT AEROSPACE LIMITED is led by a team of experienced and knowledgeable executives, including CEO Tony Wood and Chairman Sir Nigel Rudd. The company employs over 12,000 people globally and has operations in North America, Europe, and Asia.
For any inquiries or information, interested parties can visit the company's website at www.meggitt.com or contact their registered office at Atlantic House, Aviation Park West, Bournemouth International Airport, Christchurch, Dorset, BH23 6EW, United Kingdom. MEGGITT AEROSPACE LIMITED continues to strive towards sustainable growth and innovation in the aerospace industry, while also prioritizing its commitment to sustainability and responsible business practices.
