BELFAST INTERNATIONAL AIRPORT LIMITED
Company number: NI027630
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 29 January 2020
and approved by Pierre Tardiveau
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 63%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 30 %
Payment terms
Standard payment period for qualifying contracts
45 days
Standard payment terms
Belfast International Airport Limited's standard payment terms are 45 days. Our Procurement and Supplier terms state that invoices will only be processed for payment provided the invoice includes a valid Purchase Order number. Payment runs are processed once a month between the 11th and 13th.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
Suppliers have the option to contact either the requistioner directly or the Accounts Payable team in seeking a resolution to a disputed invoice. Contact details for the requistioner and the Airport are contained on the Purchase Order that is submitted to the Supplier when the goods or services are ordered. Twice a month the Accounts payable team proactively follow up on any disputed invoices with the requistioner in order to try and resolve outstanding disputes.
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