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BELFAST INTERNATIONAL AIRPORT LIMITED

Company number: NI027630

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 Pierre Tardiveau

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

• within 30 days: 24%
• in 31 to 60 days: 47%
• in 61 days or more: 29%

Invoices due but not paid within agreed terms: 50 %

Payment terms

Standard payment period for qualifying contracts

45 days

Standard payment terms

Belfast International Airport Limited's standard payment terms are 45 days. Procurement and Supplier terms state that invoices will only be processed for payment provided the invoice includes a valid Purchase Order number.

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

The continuing Coronavirus crisis has caused many staff to be furloughed and were possible staff are working from home. This remote working coupled with key members of staff being furloughed has unfortunately caused some delays to the payments of a small number of invoices.

Dispute resolution process

Suppliers can contact the requisitioner directly or the Accounts Payable team in seeking a resolution to a disputed invoice. Contact details for the requisitioner and the Airport are contained on the Purchase Order that is provided to the Supplier when the goods or services are ordered.

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