BABCOCK AIRPORTS LIMITED
Company number: 03954520
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
29 October 2021
Approved by:
James Parker
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 25%
- in 61 days or more: 3%
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: 35%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
standard payment terms are 30 days
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 would initially contact the person that placed the order to resolve any disputes. Suppliers also have the facility to engage with the Accounts Payable team who will investigate the dispute and advise accordingly. If the issue is not resolved satisfactorily, the supplier may opt to engage with the Procurement function (in particular if the issue affects the on-going relationship with the supplier) who will seek to address the matter as part of Supplier Relationship Management actions.
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