The data for H+S AVIATION LIMITED shows a decreasing trend in the average time taken to pay invoices throughout the periods, with the exception of a slight increase in 2019-2020. This indicates that the company has been improving their payment process and paying invoices more promptly.
The volatility in the data for H+S AVIATION LIMITED is relatively low, with only minor fluctuations in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. However, there is a significant increase in the percentage of invoices paid between 31 and 60 days in 2018-2019, which could indicate a potential issue with timely payments during that period.
The data for H+S AVIATION LIMITED shows a consistent improvement in their payment process, with the average time to pay decreasing from 62 days in 2018 to 33 days in 2021. The percentage of invoices paid within 30 days has also increased from 5% in 2018 to 55% in 2021, indicating a significant improvement in early payments. The worst period for late payments was in 2018-2019, with 39% of invoices paid later than 60 days.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 37 | 49% | 48% | 3% | 26% |
| 01 Jul 2023 - 31 Dec 2023 | 06 Feb 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 25 Jul 2023 | |||||
| 01 Jan 2022 - 31 Jul 2022 | 01 Aug 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 33 | 55% | 43% | 2% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 38 | 47% | 43% | 10% | 57% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 42 | 28% | 62% | 10% | 62% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 40 | 40% | 51% | 9% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 36 | 42% | 49% | 9% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 57 | 9% | 63% | 28% | 88% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 62 | 5% | 56% | 39% | 85% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for suppliers is 60 days terms, however many suppliers in the system are set much lower than 60 days terms. Suppliers currently on shorter than standard terms are granted 'Grandfather rights' allowing them to continue on their current terms. As new suppliers are added, or new agreements are created with current suppliers, accounts will be set to 60 days terms during contract negotiation.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
All invoices are processed by the Accounts Payable team. Any invoice under query or subject to dispute will not be paid until satisfactory resolution is found. Any invoice under query or subject to dispute is handled by the Procurement department (with support from Accounts Payable) in accordance with our standard operating procedures as defined in the business manual.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
H+S Aviation Limited is registered at Portsmouth Airport and its website now operates under the StandardAero brand. StandardAero is an independent provider of aerospace maintenance, repair and overhaul services, covering engines, airframes, avionics and components for commercial, business, military and industrial aviation customers worldwide. The Portsmouth site forms part of this wider StandardAero group's component repair network, notably supporting Pratt & Whitney Geared Turbofan engine maintenance since 2018. As a UK-registered entity, H+S Aviation represents part of the StandardAero group's presence in Britain rather than a separately branded operation, with its activities centred on aircraft maintenance and overhaul services rather than manufacturing new aircraft components.
Generated from the company's website and Companies House records. Sources: hsaviation.co.uk