AIRTANKER LIMITED

Company Information

Company Number
06279734
Registered Address
Airtanker Hub, Raf Brize Norton, Carterton, Oxfordshire, United Kingdom, OX18 3LX
Status
Active
Employee Count
0.0
Turnover
498498000.0
EBITDA
303769000.0

Additional Details

Company Type
Private limited Company
Incorporated On
14 June 2007
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Safety And Security,Travel And Transportation
Region
South East

Company Location

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Financial Metrics

Cash
£307,565,000.00
Net Worth
£1,209,000.00
Total Current Assets
£513,638,000.00
Total Current Liabilities
£179,262,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
17 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
87%
31-60 Days
9%
After 60 Days
4%
Not Paid Within Terms8%

Payment Features

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

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20241787%9%4%8%
01 Jan 2023 - 30 Jun 202331 Jul 20231985%11%4%10%
01 Jul 2022 - 31 Dec 202231 Jan 20232581%12%7%14%
01 Jan 2022 - 30 Jun 202221 Jul 20222575%14%11%9%
01 Jul 2021 - 31 Dec 202131 Jan 20222781%10%9%4%
01 Jan 2021 - 30 Jun 202130 Jul 20212287%4%9%12%
01 Jul 2020 - 31 Dec 202029 Jan 20216441%17%42%8%
01 Jan 2020 - 30 Jun 202024 Jul 20202759%15%26%13%
01 Jul 2019 - 31 Dec 201929 Jan 20202783%9%8%0%
01 Jan 2019 - 30 Jun 201931 Jul 20191983%9%8%0%
01 Jul 2018 - 31 Dec 201805 Mar 20191987%9%4%0%
01 Jan 2018 - 30 Jun 201830 Jul 20181690%6%4%0%

Company Summary

AIRTANKER LIMITED is a British company that provides aerial refueling services to the military and commercial airlines

The company was founded in 2008 and is headquartered in Swindon, United Kingdom

AIRTANKER operates a fleet of 14 Airbus A330 aircraft, which have been converted to serve as multi-role tanker transport (MRTT) aircraft

In addition to their core business of aerial refueling, AIRTANKER has a strong commitment to sustainability

The company has implemented various initiatives to reduce their environmental impact, including investing in fuel-efficient aircraft and using sustainable aviation fuel

They have also partnered with organizations to offset their carbon emissions and promote sustainable practices within their supply chain

AIRTANKER's main product is the provision of air-to-air refueling services to their clients, which include the Royal Air Force, the French Air Force, and commercial airlines such as British Airways and Virgin Atlantic

Their MRTT aircraft are equipped with advanced technology and systems to safely and efficiently transfer fuel to other aircraft in mid-air

The key people at AIRTANKER LIMITED include Chief Executive Officer, Paul Burns, and Chairman, Sir Stuart Peach

Both bring extensive experience in the aviation industry to the company

AIRTANKER also has a team of highly skilled pilots, engineers, and support staff who ensure the safe and efficient operation of their aircraft

For more information about AIRTANKER LIMITED and their services, their website address is www.airtanker.co.uk

Their registered office address is Building 300, RAF Brize Norton, Carterton, Oxfordshire OX18 3LX, United Kingdom

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 out terms and conditions, a copy 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.

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