GOV.UK
CHAPMAN FREEBORN AIRCHARTERING LIMITED
Company number: 01053714
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 13 January 2020
and approved by Marcus Manning
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 19%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
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
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
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? 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