MACQUARIE AIRFINANCE GROUP LIMITED
Company Information
- Company Number
- 11177091
- Registered Address
- 66 Prescot St, London, United Kingdom, E1 8NN
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£437,000
Additional Details
- Website
- https://www.macquarie.com
- Company Type
- Private limited Company
- Incorporated On
- 30 January 2018
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for MACQUARIE AIRFINANCE GROUP LIMITED to pay invoices to suppliers has remained consistent at 30 days over the past three periods. However, there has been a notable improvement in the percentage of invoices paid within 30 days, increasing from 85% in Oct 2019-Mar 2020 to 100% in Apr 2020-Sep 2020. This suggests that the company has been paying invoices more promptly in recent months.
Volatility Analysis
The volatility in the average time to pay for MACQUARIE AIRFINANCE GROUP LIMITED has been relatively low, with only a 15% decrease in the percentage of invoices paid within 30 days from the highest period to the lowest. This indicates that the company has been consistent in its payment practices.
Summary Analysis
In the past three periods, MACQUARIE AIRFINANCE GROUP LIMITED has maintained an average time to pay of 30 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 85% in Oct 2019-Mar 2020 to 100% in Apr 2020-Sep 2020. This shows a positive trend of paying invoices more promptly. The company has also had low volatility in its payment practices, with only a 15% decrease in the percentage of invoices paid within 30 days from the highest period to the lowest.
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 Oct 2019 - 31 Mar 2020 | 05 May 2020 | 30 | 100% | 0% | 0% | 0% |
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
We do not use standard terms. Our most frequently used payment terms for qualifying contracts is payment within 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
30
Dispute Resolution Process
We do not have a formal dispute resolution process. Any dispute will typically be considered by our Vice President, Financial Planning & Treasury, within 5 working days of such dispute arising and will be escalated to our Chief Executive Officer if not resolved with the concerned supplier.
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
MACQUARIE AIRFINANCE GROUP LIMITED is a leading aircraft leasing company that provides innovative financing solutions to airlines and investors worldwide. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact, including the use of green energy sources and carbon offsetting programs.
The company's core business is aircraft leasing, where it owns and manages a diverse portfolio of over 200 commercial aircraft. This includes narrow and wide-body aircraft, as well as regional jets, which are leased to over 80 airlines globally. MACQUARIE AIRFINANCE GROUP LIMITED also offers a range of financing and advisory services to airlines and aircraft investors.
The key people at MACQUARIE AIRFINANCE GROUP LIMITED include its CEO and Managing Director, Robert Spurway, and its Chairman, David Nish. The company's sustainability program is overseen by its Sustainability Committee, which is responsible for setting and monitoring sustainability targets and initiatives.
The registered office address for MACQUARIE AIRFINANCE GROUP LIMITED is 28 Ropemaker Street, London, EC2Y 9HD, United Kingdom. The company's website, www.macquarie.com/uk/en/about/company/macquarie-airfinance-group-limited, provides more information on its services, sustainability efforts, and key personnel.
