AIRBUS DEFENCE AND SPACE LIMITED
Company number: 02449259
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
29 January 2019
Approved by:
Nigel Ede
Payment statistics
Average time taken to pay invoices: 70 days
Invoices paid:
- within 30 days: 8%
- in 31 to 60 days: 43%
- in 61 days or more: 49%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
11 days
Longest standard payment period
85 days
Standard payment terms
60 END OF MONTH +10 DAYS
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
85 days
Should the payment be a Saturday, Sunday or a bank holiday then the payment shall be made the following business day.
Any other information about payment terms
No further comment provided
Dispute resolution process
Payment disputes are dealt with in accordance with the terms of the relevant contract, suppliers should contact their nominated Airbus contact. Airbus' preferred method of dispute resolution is amicable resolution followed by ICC arbitration. Airbus also uses mediation and national courts, where appropriate.
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.
Yes
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