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GAMA AVIATION (UK) LIMITED

Company number: 01764148

Reporting period:
1 January 2023 to 30 June 2023

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

This report was filed on 17 August 2023

and approved by Michael Williamson

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 60%
• in 31 to 60 days: 29%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 35 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

30 days

Standard payment terms

Gama Aviation (UK) Ltd normally settles trade payables on 30 day terms and these invoices are paid in the bi-monthly payment run following their due date, however variations to these terms do exist based on agreements with certain suppliers.

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

Gama Aviation (UK) Ltd is committed to paying our suppliers in an honest, prompt and professional manner while seeking best value for the business. We endeavour to resolve any invoice queries as quickly as possible, communication between the Accounts Payable team, the business area responsible for the purchase and the relevant supplier is instigated to resolve the matter. Upon resolution payment is made or a credit note processed.

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