CHAPMAN FREEBORN AIRCHARTERING LIMITED
Company number: 01053714
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 31 January 2019
and approved by Marcus Manning
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 82%
- in 31 to 60 days: 9%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Standard payment period for qualifying contracts
0 days
Standard payment terms
Intercompany payments – usually settled within 90 days. Overhead costs – settled within supplier payment terms, usually 30 days. Cost of sale invoices – settled within supplier payment terms, usually on receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
223 days
Any other information about payment terms
N/A
Dispute resolution process
Complaints are referred to the relevant department as a priority to discuss with the supplier and come to an agreement. If necessary, complaints are escalated to our in house legal department for resolution.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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