GOV.UK
AIRBUS HELICOPTERS UK LIMITED
Company number: 01164090
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 1 August 2023
and approved by MR LEONARD BROWN
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 38%
- in 61 days or more: 15%
Invoices due but not paid within agreed terms: 3 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
90 days
Standard payment terms
THE MAJORITY OF OUR SUPPLIERS ARE SET AT 30 DAYS CREDIT TERMS. IF A LONGER PERIOD OF CREDIT IS OFFERED BY TEH SUPPLIER, THE LONGER TIME LINE IS ACCEPTED.
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
OUR PARENT COMPANY CHANGED THE PAYMENT TERMS ON THEIR INVOICES DURING THE REPORTING PERIOD IMPACTING THE REPORTED RESULTS.
IF THE INTER-COMPANY INVOICES ARE EXCLUDED, WE CAN REPORT THE FOLLOWING PERFORMANCE FOR THE 6 MONTH PERIOD:
AVERAGE TIME TO PAY - 34 DAYS
% PAID WITHIN 30 DAYS - 72%
% PAID WITHIN 31 - 60 DAYS - 19%
% PAID LATER THAN 60 DAYS - 9%
% NOT PAID WITHIN AGREED TERMS - 2% . THESE ARE DISPUTED INVOICES.
Dispute resolution process
SUPPLIERS ARE NOTIFIED BY EMAIL IF GOODS OR SERVICES PURCHASED ARE NOT DELIVERED CORRECTLY, POSSIBLY THROUGH DAMAGE TO ITEMS IN TRANSIT, INCORRECT SUPPLIES BEING MADE, OR THE DELIVERY OF THE SERVICE DOES NOT MEET THE REQUIRED STANDARD.
REGULAR COMMUNICATION IS MAINTAINED WIHT THE SUPPLIER UNTIL A RESOLUTION IS ACHIEVED.
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