VECTOR AEROSPACE INTERNATIONAL LIMITED
Company Information
- Company Number
- 06404274
- Registered Address
- Fleetlands, Fareham Road, Gosport, Hampshire, PO13 0AA
- Status
- Active
- Employee Count
- 798
- Turnover
- £116,646,000
- EBITDA
- £8,064,000
Additional Details
- Website
- https://standardaero.com
- Company Type
- Private limited Company
- Incorporated On
- 19 October 2007
- Nature of Business
- 33160 - Repair and maintenance of aircraft and spacecraft
- Industries
- Air Travel
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 45 | 28% | 53% | 19% | 76% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 44 | 27% | 56% | 17% | 74% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 45 | 26% | 58% | 16% | 76% |
| 01 Jul 2023 - 31 Dec 2023 | 11 Jan 2024 | 44 | 23% | 61% | 16% | 75% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 45 | 25% | 61% | 14% | 74% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 45 | 35% | 53% | 12% | 56% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 43 | 40% | 49% | 11% | 48% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 50 | 29% | 51% | 20% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Feb 2019 | 46 | 33% | 53% | 14% | 65% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 43 | 30% | 57% | 13% | 69% |
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 for suppliers is 60 days terms, however many suppliers in the system are set much lower than 60 days terms. Suppliers currently on shorter than standard terms are granted 'Grandfather rights' allowing them to continue on their current terms. As new suppliers are added, or new agreements are created with current suppliers, accounts will be set to 60 days terms during contract negotiation.
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
60
Dispute Resolution Process
All invoices are processed by the Accounts Payable team. Any invoice under query or subject to dispute will not be paid until satisfactory resolution is found. Any invoice under query or subject to dispute is handled by the Procurement department (with support from Accounts Payable) in accordance with our standard operating procedures as defined in the business manual.
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
VECTOR AEROSPACE INTERNATIONAL LIMITED is a leading provider of maintenance, repair, and overhaul services for a variety of aircraft and helicopter platforms. The company is headquartered in the United Kingdom and has facilities in several countries, including Canada, Australia, and the United States.
The company's core activities include engine and component repair and overhaul, as well as airframe maintenance and modification services. They also provide engine leasing and testing services. VECTOR AEROSPACE has a strong focus on sustainability and is committed to reducing its environmental impact. They have implemented various initiatives, such as recycling programs and energy-efficient practices, to achieve this goal.
The company's products and services are trusted by major operators and manufacturers in the aerospace industry. They have a long-standing partnership with key players, including Airbus, Bell Helicopter, and Rolls-Royce. Their team of highly skilled technicians and engineers ensures that all work is carried out to the highest standards, meeting the strict requirements of the industry.
The key people at VECTOR AEROSPACE include CEO Declan O'Shea and CFO Graeme Ross. Together, they lead the company's operations and drive its growth and success. The company's registered office address is in Fleet, Hampshire, and can be contacted through their website at www.vectoraerospace.com.
In conclusion, VECTOR AEROSPACE INTERNATIONAL LIMITED is a reputable company in the aerospace industry, providing top-quality maintenance, repair, and overhaul services. With a strong focus on sustainability and a team of experienced professionals, the company continues to thrive and maintain its position as a leader in the industry.
