EXETER AND DEVON AIRPORT LIMITED
Company number: 02148705
Reporting period:
1 April 2020 to 30 September 2020
Report filed on:
29 October 2020
Approved by:
Katherine Cook
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 41%
- in 61 days or more: 28%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
28 days
Longest standard payment period
Answer not provided
Standard payment terms
28 days from end of month. We will send notifications by mail or email to suppliers if there is any change or there might be a change in the future.
Were there any changes to the standard payment terms in the reporting period?
Due to Covid-19 staff working from home and furlough payment processes taking longer up to 90 days end of month.
Were suppliers notified or consulted about these changes before they were made?
By email or telephone
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Accounts payable in Finance department should be contacted for any dispute regarding payments. Email: finance@exeter-airport.co.uk
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