GOV.UK
EDINBURGH AIRPORT LIMITED
Company number: SC096623
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 21 July 2023
and approved by Graeme Gibson
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 18%
- in 61 days or more: 26%
Invoices due but not paid within agreed terms: 50 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Edinburgh Airport's standard payment terms are 60 days. Micro-entities, as defined by the Companies Act 2006, qualify for reduced payment terms of 30 days. As part of our 'Supplier onboard' terms, invoices will only be processed for payment where the invoice includes a reference to a valid PO number. Payment runs are monthly on a defined date.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Edinburgh Airport is committed to dealing with its suppliers in a fair, honest and transparent manner, whilst seeking best value for the business. If we dispute any item on an invoice, we aim to (a) promptly inform the supplier of the disputed item and (b) work with the supplier to (1) explain why the relevant item has been disputed; and (2) reach a mutually acceptable outcome. Suppliers are encouraged to contact Accounts Payable on eal_payables@edinburghairport.com with any queries in relation to payment of invoices.
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