STANSTED AIRPORT LIMITED
Company number: 01990920
Reporting period:
1 April 2021
to 30 September 2021
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 29 October 2021
and approved by Jan Bramall
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 4%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 14 %
Payment terms
Shortest standard payment period
28 days
Longest standard payment period
120 days
Standard payment terms
Payment due 28 days from receipt of valid invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Variances to payments made to standard 28 days payment terms can occur due to invoices received late.
Any other information about payment terms
N/A
Dispute resolution process
Any payment queries are submitted to a generic email address of via telephone to the Accounts Payable Team
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