| 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 2019 - 30 Jun 2019 | 28 Aug 2019 | 11 | 99% | 1% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 19 Feb 2019 | 11 | 99% | 1% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 07 Aug 2018 | 14 | 95% | 4% | 1% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payments are made twice monthly. Due to TAG Farnborough Airports support of local suppliers we aim to make all payments as promptly as possible.
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
30
A dedicated accounts email and contact person is available for all invoices, statements and queries. Any discrepancies or disputes are escalated to senior staff or management as required.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
TAG Farnborough Airport Limited operates Farnborough Airport in Hampshire, trading as Farnborough Airport. It is a business aviation airport offering private air travel, hangar and office space, aircraft services and passenger amenities. The company took full control of the airfield under a 99 year lease in 2003 after TAG Aviation won the redevelopment bid in 1997. In 2019, the wider group, including the airport, the Aviator hotel and a pub, was sold to an infrastructure fund managed by Macquarie Infrastructure and Real Assets, with this company continuing to run the airport itself. Services include hangarage, aircraft handling, filming and photography use, and facilities for passengers and crew.
Generated from the company's website and Companies House records. Sources: farnboroughairport.com · farnboroughairport.com