BRISTOL AIRPORT LIMITED
Company number: 02078692
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 3 March 2020
and approved by Jason Clark
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 77%
- in 31 to 60 days: 23%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 22 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
30 days
Standard payment terms
All suppliers are required to be paid on 30 days
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
Disputes from suppliers regarding invoices and payments should be raised with the Purchase Ledger Administrator in the first instance. The Purchase Ledger Administrator will then inform the supplier of the situation regarding the invoice if they are able to (ie a department has requested an invoice not be paid until a specific condition has been met). If the Purchase Ledger Assistant does not have any further information then they will escalate the query with the relevant department at Bristol Airport. It will then be the responsibility of the department to resolve the query, either internally with the Purchase Ledger Administrator or externally with their contact at the supplier. In either case the Purchase Ledger Administrator should be kept informed of the query status so that they can provide more information to the supplier. The timescales to resolve will be dependent on the complexity of each situation as it arises.
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