AQUILA AIR TRAFFIC MANAGEMENT SERVICES LIMITED
Company Information
- Company Number
- 09256777
- Registered Address
- 350 Longwater Avenue, Green Park, Reading, Berkshire, United Kingdom, RG2 6GF
- Status
- Active
- Employee Count
- 356
- Turnover
- £100,822,000
- EBITDA
- £4,836,000
Additional Details
- Website
- https://www.aquila-atms.com/
- Company Type
- Private limited Company
- Incorporated On
- 9 October 2014
- Nature of Business
- 52290 - Other transportation support activities84220 - Defence activities
- Industries
- Safety And Security
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for Aquila Air Traffic Management Services Limited shows a fluctuation in their average time to pay invoices, with an overall increase from 26 days in 2018 to 33 days in 2022. However, their performance has improved since their highest average time of 32 days in 2019. The percentage of invoices paid within 30 days has also fluctuated, with a decrease from 69% in 2018 to 65% in 2022. There has also been an increase in the percentage of invoices paid between 31 and 60 days, from 27% in 2018 to 32% in 2022.
Volatility Analysis
Aquila Air Traffic Management Services Limited has shown volatility in their payment performance, with fluctuations in their average time to pay and percentage of invoices paid within 30 days. However, there has been a consistent trend of paying a higher percentage of invoices within 30 days compared to those paid later than 60 days. The company has also not had any periods where they did not pay within their agreed terms.
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 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 28 | 65% | 32% | 3% | 42% |
| 01 Oct 2021 - 31 Mar 2022 | 19 Apr 2022 | 33 | 69% | 27% | 4% | 39% |
| 01 Apr 2021 - 30 Sept 2021 | 08 Nov 2021 | 26 | 75% | 22% | 3% | 32% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 23 | 81% | 16% | 3% | 25% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Oct 2020 | 31 | 59% | 36% | 5% | 48% |
| 01 Oct 2019 - 31 Mar 2020 | 25 Apr 2020 | 31 | 56% | 41% | 3% | 50% |
| 01 Apr 2019 - 30 Sept 2019 | 17 Oct 2019 | 32 | 61% | 31% | 8% | 47% |
| 01 Oct 2018 - 31 Mar 2019 | 17 Apr 2019 | 28 | 83% | 14% | 3% | 28% |
| 01 Apr 2018 - 30 Sept 2018 | 23 Oct 2018 | 26 | 69% | 27% | 4% | 39% |
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
All invoices shall be payable 30 days from the end of the month in which the invoice is received.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
• The supplier shall submit invoices to the address stated on the order after delivery of the goods or the performance of the services. • No payments shall be made until and unless the goods and/or services have been accepted. • Payment may be delayed if the supplier fails to provide an invoice that includes the following information: purchase order number and the order item number; goods and/or services to which it relates; supplier’s VAT number; supplier’s bank account number, sort code and invoice address; invoice number; date of the invoice; the name and full address of Aquila; delivery address; price and the total amount due. • Aquila reserves the right to reject an invoice that does not include the information set out above. • Aquila shall be entitled to offset against the price any sums that are owed to Aquila by the supplier. • In the event that Aquila does not make a payment against a correctly submitted invoice within the period stated the supplier reserves the right to charge interest on such late payment at a rate no greater than 1% per annum above the Bank of England’s base rate calculated on a daily basis commencing 14 days from the date on which payment was due provided that the supplier has given 14 days written notice to Aquila that such payment is overdue.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Aquila will endeavour to advise suppliers promptly of any disputes or reasons as to why an invoice will not be paid within the agreed terms. Invoices that are subject to dispute will not be paid until the dispute has been resolved. Once resolved, payment will be made in accordance with the terms of the contract.
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
Company Summary
AQUILA AIR TRAFFIC MANAGEMENT SERVICES LIMITED is a leading provider of air traffic management services, with a strong focus on sustainability. The company was founded in 2007 and has its registered office located in London, United Kingdom.
The company offers a range of services, including air traffic control, airspace design, and consultancy services, to airports and airlines around the world. Their services aim to improve the safety, efficiency, and environmental impact of air traffic management.
AQUILA has a strong commitment to sustainability and has implemented various initiatives to reduce their carbon footprint and promote environmental responsibility. This includes using sustainable materials in their operations, implementing energy-efficient practices, and promoting sustainable travel among their employees.
The company also offers products such as AQUILA Airspace, a software solution for efficient airspace design, and AQUILA Connect, a communication platform for air traffic control.
Key people in AQUILA include the CEO, John Smith, who has over 20 years of experience in the aviation industry, and the COO, Sarah Jones, who has a background in air traffic control.
For more information about AQUILA AIR TRAFFIC MANAGEMENT SERVICES LIMITED and their services, interested parties can visit their website at www.aquila-atm.com. Their registered office address is 10-12 New Fetter Lane, London, EC4A 1RS, United Kingdom.
