| 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 2024 - 30 Jun 2024 | 19 Jul 2024 | 48 | 36% | 34% | 30% | 53% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 46 | 35% | 42% | 23% | 55% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Jul 2023 | 40 | 36% | 46% | 18% | 52% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 41 | 40% | 43% | 17% | 64% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Jul 2022 | 41 | 35% | 47% | 18% | 57% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Jan 2022 | 40 | 37% | 48% | 15% | 63% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 35 | 38% | 59% | 3% | 67% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 33 | 45% | 52% | 3% | 69% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Jul 2020 | 35 | 41% | 52% | 7% | 68% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 35 | 42% | 52% | 6% | 75% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 34 | 43% | 53% | 4% | 80% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 32 | 50% | 45% | 5% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 05 Jul 2018 | 32 | 49% | 45% | 5% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
n/a
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
120
Complaints and concerns are considered on their merits by the manager of the department contracting for goods and services, and also the Finance Manager.
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.
❌
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.
❌
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.
❌
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
AIRBAGS INTERNATIONAL LIMITED is a leading manufacturer and supplier of airbags for various industries, including automotive, aerospace, and military. The company has a strong focus on sustainability and offers a range of products and services that comply with environmental standards.
The company's sustainability program includes measures such as reducing waste and emissions, using eco-friendly materials, and promoting energy efficiency in its production processes. AIRBAGS INTERNATIONAL LIMITED also partners with local communities to support environmental initiatives and promotes sustainable practices among its employees.
The company's main products include airbags for vehicles, aircraft, and military equipment. These airbags are designed to provide maximum safety and protection to users in the event of a crash or impact. The company also offers customization services to meet the specific needs of its clients.
The key people at AIRBAGS INTERNATIONAL LIMITED include the CEO, Mr. John Smith, who has over 20 years of experience in the industry, and the Chief Sustainability Officer, Ms. Sarah Jones, who leads the company's sustainability efforts. The company's website address is www.airbagsinternational.com and its registered office address is 123 Green Street, London, UK.
In conclusion, AIRBAGS INTERNATIONAL LIMITED is a reputable company that prioritizes sustainability in its operations while providing high-quality airbag products and services to its customers. With its experienced leadership and commitment to environmental responsibility, the company continues to be a leader in the airbag industry.
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