Company number: NI001062
and approved by Colin Thompson
Average time taken to pay invoices: 76 days
Invoices paid:
Invoices due but not paid within agreed terms: 98%
45 days
60 days
Payments are made on the next available payment run. That is, at the end of the week they fall due.
Answer not provided
N/A
120 days
No further comment provided
Short Brothers plc is part of the Bombardier group, which is a large, global organisation with a complex supply chain. Like many companies in the aerospace industry the business has been impacted by the ongoing COVID-19 crisis, which has unfortunately made it more difficult to process our supplier payments in a timely manner. We regret any impact this may have on our suppliers in these exceptional circumstances, and we are working daily with our supply chain through this situation. Our aim is to maintain rewarding partnerships with all our suppliers and we are committed to improving our payment performance.
Accounts payable will refer the invoice to the relevant purchasing department for investigation and resolution directly with the supplier, if appropriate, or accounts payable department will resolve directly with supplier's accounts receivable department.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No