| 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 | 23 Jul 2019 | 51 | 26% | 35% | 40% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 12 Feb 2019 | 34 | 30% | 38% | 31% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 45 | 29% | 40% | 31% | 61% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month
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
60
In the event of a dispute with an invoice, either the originator of the order or the purchase ledger clerk will contact the supplier and raise the query, if this is not resolved in a timely manner it is chased by the purchase ledger team.
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
Doncasters Aerospace Limited is registered at Holbrook Works in Sheffield and its SIC codes cover treatment and coating of metals and manufacture of fabricated metal products. The Sheffield site is identified as the UK campus of Radius Aerospace, a group operating four manufacturing facilities across the US and UK. Radius Aerospace manufactures aircraft structures, components, subassemblies and systems for commercial, private and military aviation and the industrial gas turbine market, using capabilities such as titanium hot forming, metal forming, complex machining, welding and chemical milling. This entity therefore represents the UK manufacturing operation within that wider aerospace fabrication group.
Generated from the company's website and Companies House records. Sources: radiusaerospace.com · radiusaerospace.com