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H+S AVIATION LIMITED

Company number: 00422128

Reporting period:
1 July 2020 to 31 December 2020

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This information is as reported by the business, and responses are in their own words.

This report was filed on 28 January 2021

and approved by Matthew Jeram

Payment statistics

Average time taken to pay invoices: 38 days

Invoices paid:

• within 30 days: 47%
• in 31 to 60 days: 43%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 57 %

Payment terms

Shortest standard payment period

45 days

Longest standard payment period

364 days

Standard payment terms

The business does not use standard terms for all its suppliers.
The company and Group's policy (as per the group's Annual Report) is to settle terms of payment with suppliers when agreeing the terms of each transaction, to ensure that suppliers are made aware of the terms of payment and abide by the terms of the payment.
The business does not normally enter into agreements in which early settlement discounts are offered.
The most frequently used payment terms for qualifying contracts is EOM following invoice.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

364 days

Any other information about payment terms

N/A

Dispute resolution process

Typically, disputes would be resolved between the supplier and the supplier's usual contact within our Supply Chain Department.

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