The trend for Bristol Airport Limited shows a consistent average time to pay of 23 days for the past three periods. There has been a slight increase in the percentage of invoices paid within 30 days from 75% to 77%, and a decrease in the percentage of invoices paid between 31 and 60 days from 25% to 23%. The percentage of invoices paid later than 60 days has remained at 0%.
The volatility of Bristol Airport Limited's payment habits can be seen in the changes between the first and third period. The percentage of invoices paid within 30 days has increased by 2%, while the percentage of invoices paid between 31 and 60 days has decreased by 1%. This shows a slight improvement in timely payments. The percentage of invoices paid later than 60 days has remained at 0% for all three periods, indicating a consistent effort to pay on time.
Bristol Airport Limited has maintained an average time to pay of 23 days for the past three periods. There has been a slight improvement in timely payments, with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days. The company has also consistently avoided paying invoices later than 60 days. However, there is still room for improvement as 22% of invoices were not paid within agreed terms in the most recent period.
| 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 Jul 2019 - 31 Dec 2019 | 03 Mar 2020 | 23 | 77% | 23% | 0% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 23 | 75% | 25% | 0% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Apr 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 23 | 75% | 24% | 1% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
All suppliers are required to be paid on 30 days
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
30
Disputes from suppliers regarding invoices and payments should be raised with the Purchase Ledger Administrator in the first instance. The Purchase Ledger Administrator will then inform the supplier of the situation regarding the invoice if they are able to (ie a department has requested an invoice not be paid until a specific condition has been met). If the Purchase Ledger Assistant does not have any further information then they will escalate the query with the relevant department at Bristol Airport. It will then be the responsibility of the department to resolve the query, either internally with the Purchase Ledger Administrator or externally with their contact at the supplier. In either case the Purchase Ledger Administrator should be kept informed of the query status so that they can provide more information to the supplier. The timescales to resolve will be dependent on the complexity of each situation as it arises.
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
Bristol Airport Limited is the company responsible for managing and operating Bristol Airport, one of the busiest airports in the UK. The airport offers a wide range of services and facilities to its passengers, including flights to domestic and international destinations, airport lounges, car parking, and retail and dining options.
In terms of sustainability, Bristol Airport Limited has a strong commitment to reducing its environmental impact. The company has implemented various measures to reduce carbon emissions, such as investing in energy-efficient equipment and promoting sustainable modes of transportation for staff and passengers. The airport also has a recycling program and uses renewable energy sources to power its operations.
One of the key people behind Bristol Airport Limited's success is its CEO, Dave Lees. He has been with the company since 2010 and has played a crucial role in the airport's development and growth. Under his leadership, the airport has won multiple awards for its sustainability efforts, including the Airport Carbon Accreditation.
For more information on Bristol Airport Limited and its services, passengers can visit their website at www.bristolairport.co.uk. The registered office address for the company is Bristol Airport, Bristol BS48 3DY, United Kingdom.