BETA This is a new service – your feedback will help us to improve it.


Company number: 06279734

Reporting period:
1 January 2022 to 30 June 2022

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

This report was filed on 21 July 2022

and approved by Francisco Segovia

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

Invoices due but not paid within agreed terms: 9 %

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

AirTanker also operates effectively as an agent for third parties where they are providing services to the Ministry of Defence (MoD). AirTanker is the contractor to the MoD however these services are managed by a third party, and balances are only paid to the third party once AirTanker has been paid by the MoD. This can lead to delays in the payments being made to the third parties who are providing their services to the MoD indirectly. Again, AirTanker does not make any attempt to maximise credit terms or to delay payments, but due to additional payment obligations, general payments are likely to be slower than for the Regular Service Provision transactions. This only relates to companies who are related parties, either as shareholders of AirTanker, or a company with similar owners. These companies have entered into provision of these services in the knowledge that delayed payments may occur.

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 it.

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?