FB HELISERVICES LIMITED

PaymentCheck Score 2020
69Fair
New Entry
#2357 in UK
#21 in Air Travel
#119 in South West

Company Information

Company Number
04137146
Registered Address
Bournemouth Airport, Hurn, Christchurch, Dorset, United Kingdom, BH23 6NE
Status
Active
Employee Count
72
Turnover
£3,000
EBITDA
£233,000

Additional Details

Company Type
Private limited Company
Incorporated On
8 January 2001
Nature of Business
33160 - Repair and maintenance of aircraft and spacecraft
84220 - Defence activities
Industries
Air Travel, Safety And Security
Region
South West

Time to Pay

Average Time to Pay
26 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:75 days

Payment Timeline

Within 30 Days
74%
31-60 Days
21%
After 60 Days
5%
Not Paid Within Terms25%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2021-01-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202030 Jul 20203260%32%8%38%
01 Jul 2019 - 31 Dec 201903 Mar 20203544%48%8%57%
01 Jan 2019 - 30 Jun 201903 Oct 20192577%8%15%0%
01 Jul 2018 - 31 Dec 201819 Mar 20191487%10%3%4%
01 Jan 2018 - 30 Jun 201819 Mar 20191291%6%3%4%

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

Our standard contractual length for payment of invoices varies depending on the nature of the supply. Previously under Cobham ownership, we were guided to request 75 days as our standard payment terms, where available and appropriate. We do however undertake specific negotiations with suppliers in certain circumstances which may be informed by, amongst other considerations, our own payment receipts profile from ultimate end users of our services and flow down contractual requirements from our own customers (which may require earlier payment).

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

75

Dispute Resolution Process

Suppliers are notified of any changes to these policies in writing and during the ordering process for parts and services. Disputes related to payment can be raised by suppliers directly with local finance teams, the procurement team and business general manager either verbally or in writing. Any query or dispute raised is addressed as soon as practical and the supplier engaged as appropriate.

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

FB Heliservices Limited is a British-based company that provides a range of helicopter services to various industries. The company was founded in 1997 and is headquartered in Hampshire, United Kingdom.

The main activities of FB Heliservices Limited include helicopter leasing, training, maintenance, and support services. The company has a fleet of over 50 helicopters, including both civil and military models, which are used for various purposes such as offshore transportation, search and rescue, and VIP transport.

FB Heliservices Limited has a strong focus on sustainability and has implemented several initiatives to reduce its environmental impact. This includes using biofuels for its helicopters, reducing carbon emissions, and implementing recycling programs.

The company offers a wide range of products and services, including helicopter leasing and sales, maintenance and repair services, and training for pilots and engineers. FB Heliservices Limited also provides bespoke solutions for its clients, tailored to their specific needs.

The key people at FB Heliservices Limited include the CEO, Andrew Whitehouse, and the Director of Operations, Paul White. They have a team of experienced pilots, engineers, and support staff who are dedicated to providing high-quality services to their clients.

The company's website address is www.fbheliservices.com, where customers can find more information about their services, fleet, and sustainability efforts. The registered office address is FB Heliservices Limited, Daedalus Airfield, Lee-on-the-Solent, Hampshire, PO13 9FU, United Kingdom.

In conclusion, FB Heliservices Limited is a leading provider of helicopter services in the UK, with a strong commitment to sustainability. With a diverse range of products and services and a team of experienced professionals, the company continues to be a reliable and trusted partner for its clients.

Financial Metrics

Cash
£4,579,000
Net Worth
-£17,561,000
Total Current Assets
£10,890,000
Total Current Liabilities
£23,908,000

Company Location