THOMAS COOK AIRCRAFT ENGINEERING LIMITED
Company Information
- Company Number
- 04339114
- Registered Address
- C/O Interpath Ltd, 10 Fleet Place, London, EC4M 7RB
- Status
- Liquidation
- Employee Count
- 425
- Turnover
- £35,044,000
- EBITDA
- -£4,664,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 December 2001
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
THOMAS COOK AIRCRAFT ENGINEERING LIMITED typically pays within 32 days on average, indicating a slight delay beyond standard 30-day terms. While over half (56%) pay within 30 days, a significant 37% consistently extend payments to the 31-60 day window. The overall trend shows a propensity for late payments, with 57% of all invoices exceeding their original due dates.
Volatility Analysis
The high 57% late payment rate introduces considerable unpredictability for supplier cash flow. While just over half of payments are prompt, a significant 37% consistently fall into the 31-60 day category, indicating an unreliable adherence to initial terms. The 7% exceeding 60 days, though smaller, represents a higher-risk tail that could necessitate increased collection efforts.
Summary Analysis
Suppliers should exercise caution when extending credit to THOMAS COOK AIRCRAFT ENGINEERING LIMITED due to the high 57% late payment rate. Key decision factors include the average 32-day payment time and the significant 37% of payments falling into the 31-60 day bracket. To mitigate risk, consider implementing stricter payment terms, requesting partial upfront payments, or closely monitoring invoices beyond 30 days.
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 2018 - 31 Mar 2019 | 01 May 2019 | 35 | 50% | 41% | 9% | 69% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 32 | 56% | 37% | 7% | 57% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 34 | 43% | 48% | 9% | 63% |
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 are 60 days. The longest contractual payment terms used are 90 days. There have been no changes to standard payment terms in the reporting period. Specific payment terms for aircraft fuel – 7 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
90
Dispute Resolution Process
All invoice queries are dealt with by the in-house Accounts Payable teams. Disputed items are escalated to appropriate Management as necessary.
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.
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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?
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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
THOMAS COOK AIRCRAFT ENGINEERING LIMITED was a private limited company that specialised in the field of aircraft engineering. Its company name clearly indicates a focus on engineering services for aircraft.
Incorporated on 12 December 2001, the company operated under company number 04339114 and was located in London. Its registered office was C/O Interpath Ltd, 10 Fleet Place, London, EC4M 7RB, and its current status is liquidation.
In the UK market, aircraft engineering companies typically provide a comprehensive range of services. These commonly include aircraft maintenance, repair, and overhaul (MRO), alongside component repair, modifications, and technical support for various aircraft types and systems.
