H+S AVIATION LIMITED
Company number: 00422128
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 29 July 2020
and approved by Matthew Jeram
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 62%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 62 %
Payment terms
Shortest standard payment period
45 days
Longest standard payment period
364 days
Standard payment terms
The business does not use standard terms for all its suppliers.
The company and Group's policy (as per the group's Annual Report) is to settle terms of payment with suppliers when agreeing the terms of each transaction, to ensure that suppliers are made aware of the terms of payment and abide by the terms of the payment.
The business does not normally enter into agreements in which early settlement discounts are offered.
The most frequently used payment terms for qualifying contracts is EOM following invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
364 days
Any other information about payment terms
N/A
Dispute resolution process
Typically, disputes would be resolved between the supplier and the supplier's usual contact within our Supply Chain Department.
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