EASYJET AIRLINE COMPANY LIMITED
Company number: 03034606
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
30 October 2018
Approved by:
Andrew Findlay
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 34%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 13%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard supplier terms are to pay supplier invoices within 60 days of easyJet having received the invoice, assuming that the goods or services have been delivered in accordance with the purchase order. However, payment terms may be negotiated depending on the commercial situation on a case by case basis. easyJet makes one payment run per week. Full details of our standard terms & conditions can be found at www.easyjet.com/en/terms-and-conditions/standard-conditions-goods-and-services
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Not applicable as easyJet’s maximum payment terms are the standard terms of 60 days.
Any other information about payment terms
Not applicable as no changes were made in the reporting period.
Dispute resolution process
easyJet seeks to have an open, constructive and effective relationship with all suppliers, as it believes they are integral to the Group’s success. easyJet has an established supplier relationship management framework, which provides a toolkit and guidance for easyJet managers who lead relationships with easyJet’s key partners. easyJet will endeavour to resolve any dispute reasonably.
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, this business has not signed up to a code of conduct or standards on payment practices.
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