MAGELLAN AEROSPACE UK LIMITED
Company Information
- Company Number
- 04909329
- Registered Address
- Structures Building Rackery Lane, Llay, Wrexham, Wales, LL12 0PB
- Status
- Active
- Employee Count
- 769
- Turnover
- £125,070,000
- EBITDA
- -£17,932,000
Additional Details
- Website
- https://magellan.aero/
- Company Type
- Private limited Company
- Incorporated On
- 23 September 2003
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for MAGELLAN AEROSPACE (UK) LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in the first period, followed by an increase in the second period, and then a decrease again in the third period.
Volatility Analysis
The volatility of the percentage of invoices paid within 30 days has been relatively stable, with a slight increase in the third period. However, the percentage of invoices paid later than 60 days has shown significant volatility, with a sharp increase in the third period.
Summary Analysis
From 2018 to 2021, MAGELLAN AEROSPACE (UK) LIMITED has shown a decrease in the average time taken to pay invoices, from 51 days to 56 days. However, there was a significant increase in the average time taken to pay invoices in the last period, reaching 68 days. This is also reflected in the percentage of invoices paid within 30 days, which decreased from 32% to 12% in the same period. The company also saw a decrease in the percentage of invoices paid between 31 and 60 days, from 37% to 29%. The most significant change can be seen in the percentage of invoices paid later than 60 days, which increased from 32% to 59% in the last period. This indicates a potential issue with delays in payments to suppliers in the most recent period.
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 | 22 May 2025 | 73 | 6% | 24% | 70% | 54% |
| 01 Jan 2024 - 30 Jun 2024 | 21 May 2025 | 78 | 5% | 19% | 76% | 75% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 75 | 14% | 26% | 61% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 07 Jun 2022 | 68 | 12% | 29% | 59% | 64% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 56 | 22% | 35% | 42% | 42% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 35 | 54% | 27% | 18% | 42% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 50 | 33% | 32% | 35% | 45% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 49 | 34% | 38% | 28% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 47 | 31% | 36% | 33% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 47 | 32% | 37% | 32% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 51 | 21% | 37% | 42% | 65% |
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
The business enters into various agreements with suppliers but the most frequent payment terms are 30 days end of month.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes will be passed by divisional purchase ledger teams back to the originator of the purchase order within Magellan to resolve with their contact at the supplying company. The supplying company finance team will be advised that there is a dispute with the invoice which is being resolved between the appropriate personnel within the two companies.
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
Magellan Aerospace (UK) Limited is a leading aerospace company based in the United Kingdom. They specialize in the design and manufacture of complex aircraft structures and components for both military and commercial applications.
Sustainability is a key focus for Magellan Aerospace (UK) Limited, and they have implemented a sustainability program to reduce their environmental impact. This includes energy and water conservation, waste reduction, and the use of sustainable materials in their products.
Their product range includes a wide variety of aircraft components such as wings, fuselages, and engine components. They also offer repair, overhaul, and maintenance services for these components. Their products and services are known for their high quality and reliability, making them a trusted supplier to many major aerospace companies.
The company is led by a team of experienced professionals, including the President and CEO, Phillip Underwood. They are committed to innovation, customer satisfaction, and sustainability.
Contact information for Magellan Aerospace (UK) Limited can be found on their website, including their registered office address. Their website also provides more detailed information about their products, services, and sustainability program. Overall, Magellan Aerospace (UK) Limited is a reputable and sustainable company that plays a crucial role in the aerospace industry.
