ASPIRE DEFENCE SERVICES LIMITED
Company number: 04556471
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
18 July 2025
Approved by:
Nigel Marsh
Payment statistics
Average time taken to pay invoices: 22 days
Total value paid:
- within 30 days: £46022826
- in 31 to 60 days: £3680997
- in 61 days or more: £773737
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 11%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £24234
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
30 days
Standard payment terms
Aspire standard payment terms are 30 days from date of invoice assuming all works and services have been completed to the required standard
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All invoice queries are raised directly with the supplier from the Aspire accounts payable team. If the query cannot be resolved, then the member of Aspire who placed the contract with engage with the contractor to find some common ground to understand and resolve the issue. If this is unsuccessful then the matter is passed to the Aspire Commercial team. If no resolution is found at this stage, then legal counsel is sought to find a way forward, this could involve arbitration or other legal ways to find a resolution.
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 Fair 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