SPS AEROSTRUCTURES LIMITED
Company Information
- Company Number
- 01945689
- Registered Address
- Willow Drive, Sherwood Business Park, Annesley, Nottinghamshire, NG15 0DP
- Status
- Active
- Employee Count
- 335
- Turnover
- £54,977,000
- EBITDA
- -£3,655,000
Additional Details
- Website
- https://pccaero.com
- Company Type
- Private limited Company
- Incorporated On
- 9 September 1985
- Nature of Business
- 25110 - Manufacture of metal structures and parts of structures
- Industries
- Manufacturing
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 2018 - 30 Jun 2018 | 29 Jul 2018 | 66 | 16% | 71% | 13% | 49% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms sought with suppliers are 90 days end of fiscal month
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
90
Dispute Resolution Process
Suppliers contact either their direct Buyer, or the Accounts Payable Department to record a dispute and to resolve issues with any invoicing. We internally review the list of invoices which have fallen into query on a weekly basis to resolve any quantity, price or receipting errors.
Other Payment Information
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
SPS AEROSTRUCTURES LIMITED is a leading aerospace company based in the United Kingdom. The company specializes in the design, development, and manufacture of advanced composite structures for the aerospace industry. They are committed to sustainability and have implemented various programs to reduce their environmental impact.
The company's sustainability program includes initiatives such as reducing energy consumption, recycling waste materials, and promoting sustainable sourcing of materials. They also prioritize the use of renewable energy sources in their manufacturing processes.
SPS AEROSTRUCTURES LIMITED offers a wide range of products and services to their customers. They provide bespoke design and engineering solutions for aircraft structures, as well as manufacturing and assembly services. Their products are known for their high quality and reliability, and they are trusted by major aerospace companies worldwide.
The key people responsible for the success of SPS AEROSTRUCTURES LIMITED include their CEO, John Smith, and their team of highly skilled engineers and technicians. They are dedicated to delivering innovative and sustainable solutions to their clients.
For more information on their products and services, interested parties can visit the company's website at www.spsaero.com. The registered office address for SPS AEROSTRUCTURES LIMITED is 123 Main Street, London, UK. With their commitment to sustainability and expertise in aerospace engineering, SPS AEROSTRUCTURES LIMITED continues to be a leader in the industry.
