SAFRAN HELICOPTER ENGINES UK LIMITED
Company number: 01148466
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
Rafael Carino
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 40%
- in 61 days or more: 28%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 51%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days from date of invoice
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
60 days
This payment term is for only 1 other supplier, this being another Safran Group company
Any other information about payment terms
95% of all purchases are from other Safran Group companies with whom ontime payment is less critical
Dispute resolution process
At Safran Helicopter Engines UK Ltd, we strive to resolve queries and disputes on a timely basis. In respect of suppliers, goods received are inspected and receipted on site with any issues arising communicated to the supplier via telephone or email. In the rare event that a dispute cannot be resolved by commercial staff the matter will be referred to our in‐house legal counsel. The figures above have not been amended to remove invoices which were under query or in dispute.
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