GOV.UK
EASYJET UK LIMITED
Company number: 10886978
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 27 October 2020
and approved by Andrew Findlay
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 40%
- in 61 days or more: 33%
Invoices due but not paid within agreed terms: 9 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
Our standard supplier terms are to pay supplier invoices within 60 days of easyJet having received the invoice, assuming that the goods or services have been delivered in accordance with the purchase order. However, in this current climate, longer payment terms (up to 120 days) had been negotiated with certain suppliers depending on the commercial situation on a case by case basis. easyJet has reduced standard payment terms of 30 days to suppliers who have a Group turnover of less than £1m to support cash flow for small companies. easyJet makes one payment run per week.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
easyJet seeks to have an open, constructive and effective relationship with all suppliers, as it believes they are integral to the Group’s success. easyJet has an established supplier relationship management framework, which provides a toolkit and guidance for easyJet managers who lead relationships with easyJet key partners.
easyJet will endeavour to resolve any dispute reasonably.
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