BA CITYFLYER LIMITED
Company number: 02571224
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
30 July 2020
Approved by:
Andrew Quigley
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 20%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 46%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days net monthly (payment at the end of the following month). There are also other payment terms used if negotiated and signed in contracts with suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
30 days net monthly (payment at the end of the following month).
Any other information about payment terms
Payment terms are calcuated based on invoice date, not receipt date. Receipt date will be manually tracked for future reporting periods.
Dispute resolution process
Invoice queries and disputes are handled by local BA CityFlyer Purchase Ledger team, Monday-Friday, via a central email inbox or via telephone calls.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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