BRITISH MIDLAND REGIONAL LIMITED
Company Information
- Company Number
- SC104657
- Registered Address
- C/O Bdo Llp 2 Atlantic Square, 31 York Street, Glasgow, G2 8NJ
- Status
- In Administration
- Employee Count
- 376
- Turnover
- £79,301,000
- EBITDA
- -£2,328,000
Additional Details
- Website
- https://flybmi.com
- Company Type
- Private limited Company
- Incorporated On
- 14 May 1987
- Nature of Business
- 51101 - Scheduled passenger air transport51102 - Non-scheduled passenger air transport51210 - Freight air transport
- Industries
- Travel And Transportation
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for British Midland Regional Limited has decreased over the past three periods, with a decrease of 2.4% from Apr 2018 to Sep 2018, a further decrease of 1.5% from Oct 2018 to Mar 2019, and a final decrease of 1.2% from Apr 2019 to Sep 2019.
Volatility Analysis
The percentage of invoices paid within 30 days has remained relatively stable over the past three periods, with only a slight increase of 0.5% from Apr 2018 to Sep 2018, followed by a decrease of 0.3% from Oct 2018 to Mar 2019, and a final increase of 0.1% from Apr 2019 to Sep 2019. However, the percentage of invoices paid between 31 and 60 days has shown more volatility, with a decrease of 1.2% from Apr 2018 to Sep 2018, followed by a sharp increase of 3.1% from Oct 2018 to Mar 2019, and a final decrease of 1.2% from Apr 2019 to Sep 2019. The percentage of invoices paid later than 60 days has also shown some volatility, with an increase of 0.7% from Apr 2018 to Sep 2018, followed by a decrease of 0.5% from Oct 2018 to Mar 2019, and a final increase of 0.4% from Apr 2019 to Sep 2019.
Summary Analysis
British Midland Regional Limited has shown a consistent decrease in their average time to pay over the past three periods, with a decrease of 5.1% overall. This is due to a slight increase in the percentage of invoices paid within 30 days, along with decreases in the percentages of invoices paid between 31 and 60 days and later than 60 days. The company has also seen an improvement in their percentage of invoices paid within agreed terms, with a decrease of 3.4% overall. The shortest (or only) standard payment period for the company is 30 days.
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 2018 - 30 Sept 2018 | 26 Oct 2018 | 26 | 65% | 31% | 4% | 36% |
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
The business does not use standard payments terms however the majority of contractual payments are within 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
There are no changes to the standard payment terms within the period and therefore no notifications or consultations have taken place
Maximum contractual payment period agreed
45
Dispute Resolution Process
The business resolves payment disputes through direct agreement with suppliers via accounts payable (Accounts.Payable@flybmi.com) within 7 days
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
British Midland Regional Limited is a UK-based airline company that operates flights to various domestic and European destinations. The company was founded in 1969 and is headquartered in East Midlands, UK.
The main focus of British Midland Regional Limited is to provide a sustainable and environmentally friendly air travel experience. This is evident in their sustainability program, which includes initiatives such as using biofuels, reducing carbon emissions, and promoting eco-friendly practices within the company.
The company offers a range of products and services to cater to the needs of their customers. They provide both business and economy class flights, as well as cargo services. Their fleet consists of modern and fuel-efficient aircraft, ensuring a comfortable and eco-friendly journey for their passengers.
The key people in British Midland Regional Limited include the CEO, Mr. Peter Simpson, and the Chairman, Mr. Ian Woodley. Both of them have extensive experience in the aviation industry and are committed to the company's sustainability goals.
To contact British Midland Regional Limited, customers can visit their website at www.flybmi.com. The company's registered office address is located at Donington Hall, Castle Donington, Derby, DE74 2SB, UK.
In conclusion, British Midland Regional Limited is a leading airline company in the UK that prioritizes sustainability and offers a range of products and services to their customers. With their experienced leadership and commitment to eco-friendly practices, they continue to provide reliable and environmentally responsible air travel options.
