| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
SPS Aerostructures Limited is a UK company registered in Nottinghamshire, part of the PCC Aerostructures network within the wider Precision Castparts Corp group. Its registered business activity is the manufacture of metal structures and parts of structures, aligning with PCC Aerostructures' work producing assemblies and components for the global aerospace market, including precision machining, sheet metal forming, complex assemblies and composite parts. The company operates as one of PCC Aerostructures' UK sites, contributing to the group's wider manufacturing supply chain rather than functioning as an independent trading brand. It is listed among PCC Aerostructures' operating locations, reflecting its role as a specialist aerostructures manufacturing facility supporting aerospace customers.
Generated from the company's website and Companies House records. Sources: pccaero.com · pccaero.com