QINETIQ LIMITED
Company Information
- Company Number
- 03796233
- Registered Address
- Cody Technology Park, Ively Road, Farnborough, Hampshire, GU14 0LX
- Status
- Active
- Employee Count
- 5,353
- Turnover
- £1,294,300,000
- EBITDA
- £207,700,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 June 1999
- Nature of Business
- 71122 - Engineering related scientific and technical consulting activities71200 - Technical testing and analysis72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Air Travel, Data, Education, Energy, Hardware, Raw Materials And Intermediate Goods, Safety And Security, Supply Chain, Manufacturing And Commerce Models, Waterways Travel
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
QINETIQ LIMITED generally demonstrates a strong trend of timely payments, with an average payment time of 28 days and 79% of invoices settled within 30 days. This consistent performance suggests a reliable payment trajectory, aligning well with typical net 30-day payment terms for suppliers.
Volatility Analysis
While predominantly prompt, there is some payment volatility to consider as 19% of payments fall into the 31-60 day bracket and 2% extend beyond 60 days. The 15% late payment rate indicates a moderate risk of occasional delays, which suppliers should factor into their cash flow projections for approximately one in seven invoices.
Summary Analysis
Overall, QINETIQ LIMITED presents a largely favorable payment profile for suppliers, driven by its high percentage of on-time payments and 28-day average. Suppliers should nonetheless be prepared for potential minor delays by implementing clear payment terms and proactive invoice follow-up to mitigate the 15% late payment risk.
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 Oct 2024 - 31 Mar 2025 | 20 May 2025 | 28 | 79% | 19% | 2% | 15% |
| 01 Apr 2024 - 30 Sept 2024 | 04 Nov 2024 | 28 | 83% | 15% | 2% | 9% |
| 01 Oct 2023 - 31 Mar 2024 | 01 May 2024 | 28 | 86% | 12% | 2% | 7% |
| 01 Apr 2023 - 30 Sept 2023 | 03 Nov 2023 | 22 | 88% | 10% | 2% | 7% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 24 | 81% | 17% | 2% | 7% |
| 01 Apr 2022 - 30 Sept 2022 | 02 Nov 2022 | 24 | 81% | 17% | 2% | 8% |
| 01 Oct 2021 - 31 Mar 2022 | 05 May 2022 | 24 | 80% | 18% | 2% | 7% |
| 01 Apr 2021 - 30 Sept 2021 | 10 Nov 2021 | 23 | 82% | 16% | 2% | 8% |
| 01 Oct 2020 - 31 Mar 2021 | 20 Apr 2021 | 23 | 82% | 16% | 2% | 6% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 25 | 81% | 15% | 4% | 11% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 40 | 60% | 31% | 9% | 23% |
| 01 Apr 2019 - 30 Sept 2019 | 01 Nov 2019 | 47 | 61% | 34% | 5% | 21% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 43 | 52% | 41% | 7% | 14% |
| 01 Apr 2018 - 30 Sept 2018 | 22 Oct 2018 | 44 | 55% | 41% | 4% | 9% |
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
Qinetiq Ltd's standard payment term is 30 days from receipt of a correctly submitted invoice. Correctly submitted means that an official Qinetiq Ltd Purchase Order (PO) number is quoted and that the invoice is received by the Qinetiq Ltd Accounts Payable Dept at the email address referenced on the PO. A small set of suppliers have been retained on 60 days whilst their commercial arrangements are reviewed. This applies to to the procurement of non-customer (indirect)related goods and services.
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
60
Dispute Resolution Process
Qinetiq Ltd provides a dispute resolution process which is contained within our Conditions of Purchase Goods and Services. This can be found on the Qinetiq Ltd website.
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.
❌
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
QINETIQ LIMITED operates as an active private limited company.
The company was incorporated on 25 June 1999 under company number 03796233. Its registered office is situated at Cody Technology Park, Ively Road, Farnborough, Hampshire, GU14 0LX, placing its operations within the South East region of the UK.
Private limited companies, such as QINETIQ LIMITED, form a prevalent business structure in the UK. They are established to undertake a broad spectrum of commercial activities, providing diverse services and products across various sectors within the market.
