AIRWAIR INTERNATIONAL LIMITED
Company number: 03009359
Reporting period:
1 April 2020 to 30 September 2020
Report filed on:
16 October 2020
Approved by:
Jon Mortimore
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 19%
- in 61 days or more: 27%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 33%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
"We do not have standard terms. The majority of our suppliers (50%) are paid to 30 day terms.
We have a large number suppliers (30%) set up with 0 payment terms. This is due to our direct debit being set up with no payments terms and accounts for staff expenses. We also have a small number of accounts set up as proforma.
The remainder range from 1 day to 90 days depending on what was negotiated at the time the account was set up.
"
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
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
We have dedicated staff nominated to each supplier account to resolve any 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 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