ASPIRE DEFENCE SERVICES LIMITED
Company number: 04556471
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 17 January 2022
and approved by Nigel Marsh
Payment statistics
Average time taken to pay invoices: 7 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 2%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
Standard payment terms
Most of the supply chain for ADSL are on 30 days from date of invoice. Some of the smaller companies have 0,7 or 14 day payment terms and a handful have longer payment terms of 90 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
All invoices are input into the accounting system upon receipt. If there is a query with the invoice the issue is raised in a timely manner direct with the supplier and the invoice is held for payment until the query has been resolved. Once the query has been resolved the invoice is then released for payment.
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