MACQUARIE ROTORCRAFT LEASING HOLDINGS LIMITED
Company Details
Registration Number
11697950
Registered Address
Ropemaker Place 28 Ropemaker Street London United Kingdom EC2Y 9HD
Company Status
Active
Employee Count
0
Turnover
£42,818,000
EBITDA
£22,856,000
Additional Information
Website
macquarie.comCompany Type
Private limited Company
Incorporated on
27 November 2018
Nature of Business (SIC)
82990 - Other business support service activities not elsewhere classified
Industries
Cars, motorcycles and other road vehicles
Region
LondonCompany Location
Financial Overview
£1,290,531
£61,344,708
Last Reporting Period
Filed
01 Nov 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
30 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
38%
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 Apr 2023 - 30 Sep 2023 | 01 Nov 2023 | 30 | 62% | 30% | 8% | 38% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 18 | 89% | 9% | 2% | 11% |
| 01 Apr 2022 - 30 Sep 2022 | 28 Oct 2022 | 12 | 95% | 3% | 2% | 4% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Oct 2022 | 11 | 96% | 3% | 1% | 6% |
| 01 Apr 2021 - 30 Sep 2021 | 29 Oct 2021 | 10 | 97% | 3% | 0% | 4% |
Company Summary
MACQUARIE ROTORCRAFT LEASING HOLDINGS LIMITED is a global leader in helicopter leasing and asset management
The company provides leasing, financing, and other services related to rotorcrafts to customers worldwide
Their sustainability program focuses on reducing their carbon footprint and promoting environmentally friendly practices
They have implemented measures such as using fuel-efficient aircraft, investing in renewable energy sources, and promoting sustainable sourcing and waste management
The company offers a range of products and services including leasing and financing options for helicopters, maintenance and technical support, and fleet management services
They cater to a wide range of industries such as oil and gas, emergency medical services, and search and rescue operations
Key people in the company include CEO David Overton and Executive Chairman Paul Riddle
They have a team of experienced professionals who are dedicated to providing top-notch services to their clients
The registered office address of MACQUARIE ROTORCRAFT LEASING HOLDINGS LIMITED is at 28 Ropemaker Street, London, EC2Y 9HD, United Kingdom
Their website address is www.macquarierotorcraft.com, where customers can find more information about their products and services
Overall, MACQUARIE ROTORCRAFT LEASING HOLDINGS LIMITED is committed to providing sustainable and high-quality services to their customers while also prioritizing environmental responsibility
Company Review
Trend Analysis
The average time to pay for MACQUARIE ROTORCRAFT LEASING HOLDINGS LIMITED has increased steadily over the past three periods, from 10 days in 2021-04-01 to 30 days in 2023-09-30. The percentage of invoices paid within 30 days has decreased from 97% to 62%, while the percentage of invoices paid later than 60 days has increased from 0% to 8%. This indicates a trend towards longer payment times for the company.
Volatility Analysis
The volatility for MACQUARIE ROTORCRAFT LEASING HOLDINGS LIMITED's payment time is relatively low, with an average increase of 6 days per period. However, there is a significant increase in the percentage of invoices paid later than 60 days in the fifth period, indicating a potential issue with late payments during that time.
Summary Analysis
In the three periods analysed, MACQUARIE ROTORCRAFT LEASING HOLDINGS LIMITED has seen a steady increase in their average time to pay, from 10 days in 2021-04-01 to 30 days in 2023-09-30. This is accompanied by a decrease in the percentage of invoices paid within 30 days, from 97% to 62%. Additionally, the percentage of invoices paid later than 60 days has increased from 0% to 8%, highlighting a potential issue with late payments in the fifth period. The company's shortest (or only) standard payment period remains at 1 day throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from receipt of a valid invoice. In some circumstances Macquarie may agree to an alternative payment terms with a supplier based on a specific project, transaction, series of transactions or criticality.
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
Suppliers may raise queries directly with their Macquarie business contact.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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