BIRMINGHAM AIRPORT LIMITED
Company number: 02078273
Reporting period:
1 October 2020 to 31 March 2021
Report filed on:
23 April 2021
Approved by:
C Baller
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 33%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 33%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard terms of 60 days are applied unless specific contracts have been negotiated and 30 days terms agreed.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers are requested to email details of any disputes to a specific email address which is monitored and managed by the Accounting & Admin Assistant for Purchase Ledger. The dispute is then reviewed and if necessary, will be re-directed to an internal department for further information/instruction. Notes are added to disputed transactions within the finance system to ensure the latest information can be shared with the supplier. All disputes are resolved as quickly as possible and communicated to the supplier by either the Accounting & Admin Assistant for Purchase Ledger or responsible contact from Birmingham Airport
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