Industry ranking
Score of 96.91/100 qualifies for PaymentCheck Certification
The average time taken for AIR CHARTER SERVICE LIMITED to pay invoices has been fluctuating over the past three periods. It increased from 7 days in the first period to 15 days in the second period, but then decreased to 8 days in the third period. In the most recent period, it decreased further to 6 days.
The volatility in the average time taken to pay invoices for AIR CHARTER SERVICE LIMITED has been relatively low, with only a 9 day difference between the highest and lowest average times.
From Feb 2021 to Jul 2021, AIR CHARTER SERVICE LIMITED had an average time of 10 days to pay invoices, with 92% of invoices paid within 30 days and 3% paid later than 60 days. This was an improvement from the previous period (Aug 2020 to Jan 2021) where the average time to pay was 15 days, with 89% of invoices paid within 30 days and 7% 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 Feb 2023 - 31 Jul 2023 | 26 Sept 2023 | 3 | 97% | 2% | 1% | 8% |
| 01 Aug 2022 - 31 Jan 2023 | 26 Sept 2023 | 4 | 94% | 6% | 0% | 9% |
| 01 Feb 2022 - 31 Jul 2022 | 26 Sept 2023 | 3 | 97% | 3% | 0% | 7% |
| 01 Aug 2021 - 31 Jan 2022 | 24 Jun 2022 | 6 | 96% | 3% | 1% | 17% |
| 01 Feb 2021 - 31 Jul 2021 | 24 Jun 2022 | 10 | 92% | 5% | 3% | 15% |
| 01 Jul 2020 - 31 Jan 2021 | 19 Jul 2021 | 8 | 92% | 5% | 3% | 16% |
| 01 Feb 2020 - 31 Jul 2020 | 21 Oct 2020 | 15 | 90% | 3% | 7% | 28% |
| 01 Aug 2019 - 31 Jan 2020 | 13 Jun 2020 | 15 | 89% | 4% | 7% | 25% |
| 01 Feb 2019 - 31 Jul 2019 | 14 Oct 2019 | 8 | 96% | 3% | 1% | 30% |
| 01 Jul 2018 - 31 Jan 2019 | 01 Mar 2019 | 7 | 97% | 3% | 0% | 30% |
| 01 Feb 2018 - 31 Jul 2018 | 31 Aug 2018 | 7 | 96% | 3% | 1% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Vary by supplier
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
45
Disputes and complaints are aimed to be resolved in an amicable manner by experienced consultants
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
Air Charter Service Limited is an air charter brokerage. It arranges private jet, helicopter, executive airliner and group aircraft charters, as well as cargo charters ranging from small urgent packages to large outsize freight. The company also provides related services such as aircraft sales, private jet leasing, jet cards, air ambulance flights, emergency response and specialist cargo handling for dangerous goods, animals and pharmaceuticals. It operates from offices worldwide, arranging over 35,000 flights annually across passenger and cargo charter markets, serving business and leisure clients, event organisers, governments and industries including oil and gas, automotive and media.
Generated from the company's website and Companies House records. Sources: aircharter.co.uk · aircharter.co.uk