GE AVIATION SYSTEMS LIMITED
Company number: 00745917
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
26 January 2026
Approved by:
MICHELLE RYAN
Payment statistics
Average time taken to pay invoices: 67 days
Total value paid:
- within 30 days: £97,875,722 (36%)
- in 31 to 60 days: £29,481,413 (11%)
- in 61 days or more: £142,297,823 (53%)
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 25%
- in 61 days or more: 32%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £32,999,424
- payments due in the reporting period which have not been paid within the agreed period: 36%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
standard payment terms are 90 days and shortest is immediate payment
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
180 days
very few suppliers are on 180 days
Any other information about payment terms
No further comment provided
Dispute resolution process
Any dispute, controversy or claim shall be referred to and finally resolved by arbitration under Rules of the London Court of International Arbitration by one or more arbitrators appointed in accordance with the Rules, which Rules are deemed to be incorporated by reference into this Section 20. The seat of arbitration shall be London, UK. The tribunal shall consist of three arbitrators, with the claimant and the respondent each nominating a single arbitrator respectively. The third arbitrator, who shall be the chairman of the tribunal, shall be nominated by the two party-nominated arbitrators within 30 days of the last of their appointments. The language of the arbitration shall be English. The prevailing Party shall be entitled to recover, in addition to its damages, its reasonable attorneys' fees and internal in-house and management costs incurred in connection therewith.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No