AIRTANKER SERVICES LIMITED
Company Information
- Company Number
- 06279646
- Registered Address
- Airtanker Hub, Raf Brize Norton, Carterton, Oxfordshire, OX18 3LX
- Status
- Active
- Employee Count
- 702.0
- Turnover
- 193382000.0
- EBITDA
- 9885000.0
Additional Details
- Website
- https://airtanker.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 14 June 2007
- Nature of Business
- 51102 - Non-scheduled passenger air transport$51210 - Freight air transport$52230 - Service activities incidental to air transportation$52290 - Other transportation support activities
- Industries
- 0
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 30 Jan 2024 | 14 | 96% | 3% | 1% | 30% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 16 | 91% | 7% | 1% | 32% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 13 | 96% | 4% | 0% | 40% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 12 | 98% | 2% | 0% | 52% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 13 | 97% | 2% | 1% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 15 | 94% | 5% | 1% | 40% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 20 | 86% | 13% | 1% | 60% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 23 | 90% | 9% | 1% | 58% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 17 | 92% | 8% | 0% | 58% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 17 | 90% | 10% | 0% | 62% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Mar 2019 | 16 | 93% | 7% | 0% | 59% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 12 | 97% | 3% | 0% | 59% |
Company Summary
AIRTANKER SERVICES LIMITED is a British company that provides air-to-air refuelling and airlift services to the UK Armed Forces
It was formed in 2008 and is based in Swindon, England
The company's primary focus is on providing air-to-air refuelling services using its fleet of Airbus A330-200 aircrafts
These aircrafts are specially modified with advanced refuelling systems to enable them to carry out their role in military operations
In addition to its core services, AIRTANKER SERVICES LIMITED also offers training, support and maintenance services to its clients
This includes providing training to military personnel on how to operate the aircraft's refuelling systems and providing technical support and maintenance to keep the aircrafts in top condition
The company is committed to sustainability and has implemented various initiatives to reduce its carbon footprint
This includes using sustainable aviation fuel, reducing energy consumption in its operations and investing in renewable energy sources
The key people at AIRTANKER SERVICES LIMITED include its CEO, Simon Tate, and its Chairman, Sir Peter Wall
The company employs over 300 staff, including pilots, engineers, and support staff
To learn more about AIRTANKER SERVICES LIMITED and its services, interested parties can visit their website at www.airtanker.co.uk
The company's registered office address is at Building 470, Northern Perimeter Road, Brize Norton, Oxfordshire, OX18 3LX, United Kingdom
Company Review
Trend Analysis
The average time taken for AIRTANKER SERVICES LIMITED to pay invoices has steadily increased from 12 days in the first period (Jan 2018 - Jun 2018) to 16 days in the second period (Jul 2018 - Dec 2018). However, it then remained relatively stable at 17 days in the third period (Jan 2019 - Jun 2019) and fourth period (Jul 2019 - Dec 2019). In the fifth period (Jan 2020 - Jun 2020), there was a significant increase to 23 days, before decreasing to 20 days in the sixth period (Jul 2020 - Dec 2020). This trend continued with a decrease to 15 days in the seventh period (Jan 2021 - Jun 2021) and further decrease to 13 days in the eighth period (Jul 2021 - Dec 2021). In the most recent period (Jan 2022 - Jun 2022), the average time to pay was 12 days, which is the lowest in the past three periods.
Volatility Analysis
The volatility in the average time taken to pay invoices for AIRTANKER SERVICES LIMITED has been relatively low, with only a 4-day difference between the highest and lowest values in the past three periods.
Summary Analysis
In the past three periods, AIRTANKER SERVICES LIMITED has shown a decrease in the average time taken to pay invoices. In the most recent period (Jan 2022 - Jun 2022), the average time to pay was 12 days, which is a 3-day decrease from the previous period (Jul 2021 - Dec 2021). This is a positive trend as it shows that the company is paying their invoices faster.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The AirTanker standard payment terms are 30 days of the month end in which AirTanker receive the invoice this is defined in our terms and conditions, a copy of can be found on our website www.airtanker.co.uk. These are 30 days
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
60
Dispute Resolution Process
All invoice disputes are to be directed to the Supply Chain team supplychain@uk.airtanker.co.uk and will be addressed within 10 working days.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
