| 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 2020 - 31 Dec 2020 | 28 Jan 2021 | 21 | 71% | 27% | 2% | 42% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 26 | 62% | 35% | 3% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 21 | 74% | 24% | 2% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 19 | 76% | 23% | 1% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 20 | 77% | 22% | 1% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 19 | 78% | 21% | 1% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
In the event that no payment terms have been pre-agreed between the Supplier and NORDAM Europe Ltd, the standard terms for which NORDAM Europe Ltd typically pays for Goods and/or Services is 60 days following the end of the month in which the Goods and/or Services are received or in which the invoice for the Goods and/or Services is received, whichever is the later. http://www.nordam.com/sites/default/files/pdfs/NEL_Terms_Conditions_CL.pdf
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
75
All queries are resolved between the accounts department and the supplier in the ordinary course of business.
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
NORDAM Europe Limited is a UK-registered company based in Blackwood, Gwent, and forms part of the NORDAM group, headquartered in Tulsa, Oklahoma. The wider group is one of the world's largest independently owned aerospace companies, employing thousands across facilities in North America and Europe. It provides engineering, manufacturing, maintenance and repair services for aircraft structures, flight control surfaces, thrust reversers, nacelles, and engine and satellite components, serving business jets, commercial aircraft, satellites and military aircraft. The UK entity's registered activity is classified as other business support services, reflecting its role within the group's broader aerospace operations rather than direct manufacturing itself.
Generated from the company's website and Companies House records. Sources: nordam.com