GLASGOW AIRPORT LIMITED

Company Information

Company Number
SC096624
Registered Address
St Andrews Drive, Glasgow Airport, Paisley, PA3 2SW
Status
Active
Employee Count
144
Turnover
£144,638,000
EBITDA
£99,883,000

Additional Details

Company Type
Private limited Company
Incorporated On
6 January 1986
Nature of Business
51101 - Scheduled passenger air transport
Industries
Air Travel, Transportation Infrastructure
Region
Scotland

Time to Pay

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

Payment Timeline

Within 30 Days
83%
31-60 Days
16%
After 60 Days
1%
Not Paid Within Terms30%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-01-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2019 - 31 Dec 201927 Jan 20202283%16%1%30%
01 Jan 2019 - 30 Jun 201925 Jul 20192380%19%1%27%
01 Jul 2018 - 31 Dec 201829 Jan 20192568%31%1%32%
01 Jan 2018 - 30 Jun 201830 Jul 20182652%47%1%85%

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 payments terms are 30 days from invoice date. The exception to this is legislation contracts, staff benefits and direct debits which are either immediate or 14 day payment terms.

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

30

Dispute Resolution Process

The supplier has the option to contact either the requisitioner directly or the Accounts Payable team, in the case of the latter the Accounts Payable team will raise the dispute with the requisitioner within 2 working days. The requisitioner will resolve the dispute directly with the supplier. Contact details for the Accounts Payable team are contained on the Purchase Order which is submitted to the supplier when the services / goods are approved for purchase. Disputes regarding contractual terms (including payment terms) are escalated from either the supplier or the accounts payable team to Group Procurement, who will resolve with reference to the agreed terms.

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

Glasgow Airport Limited is the operator of Glasgow Airport, the main international airport serving the city of Glasgow, Scotland. The company is responsible for managing the day-to-day operations of the airport, including providing services to airlines, passengers, and other stakeholders.

One of the key focuses of Glasgow Airport Limited is sustainability. The company has implemented various measures to reduce its environmental impact, such as reducing energy consumption, promoting recycling, and implementing sustainable transport options. They also have a carbon management plan in place to monitor and reduce their carbon footprint.

As a major hub for travel and tourism, Glasgow Airport Limited offers a wide range of products and services to its customers. These include passenger facilities such as shops, restaurants, and lounges, as well as cargo services for businesses. The airport also provides a variety of parking options and transportation services, making it easier for passengers to access the airport.

The company is led by a team of experienced and dedicated individuals, including Managing Director Mark Johnston and Director of Operations Ronald Leitch. They are committed to providing a safe, efficient, and sustainable airport experience for all their customers.

For more information on Glasgow Airport Limited, including flight schedules and airport facilities, you can visit their website at www.glasgowairport.com. Their registered office is located at Paisley, Renfrewshire, PA3 2SW, United Kingdom.

Financial Metrics

Cash
£0
Net Worth
£324,864,000
Total Current Assets
£99,644,000
Total Current Liabilities
£65,742,000

Company Location