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Company number: 06279734

Reporting period:
1 July 2020 to 31 December 2020

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

This report was filed on 29 January 2021

and approved by Francisco Segovia

Payment statistics

Average time taken to pay invoices: 64 days

Invoices paid:

Invoices due but not paid within agreed terms: 8 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

AirTanker is invoiced for services provided to it which are an expense to the business. This may include rental invoices, professional fees, marketing services or travel (a non-exhaustive list). Payment of invoices received relating to these services will be completed as soon as possible after the AirTanker finance team is made aware of the invoice. For example, where a member of the finance team is directly emailed with the invoice from the provider, the balance will be internally approved and paid within the next payment run. Observed payments are usually therefore significantly quicker than the credit terms per the invoice. AirTanker does not actively seek to maximise the credit terms with suppliers. Usually payments will be made in batches to suppliers on a fortnightly basis.
Due to the composition of the AirTanker finance team, there is the potential for an individual to be unable to authorise the services provided, the payment itself or the finance team to not be informed of the transaction. In this situation, additional efforts can be made to make a payment on an ad-hoc basis if there is a particular need for the invoice to be paid

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


Maximum contractual payment period agreed

120 days

Any other information about payment terms


Dispute resolution process

Due to the contractual nature of the company, disputes are rare. Disputes will be managed by the Commercial department who will engage and discuss the detail and nature of the dispute in order to resolve.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?