| 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 2020 - 30 Jun 2020 | 30 Jul 2020 | 32 | 60% | 32% | 8% | 38% |
| 01 Jul 2019 - 31 Dec 2019 | 03 Mar 2020 | 35 | 44% | 48% | 8% | 57% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Oct 2019 | 25 | 77% | 8% | 15% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 19 Mar 2019 | 14 | 87% | 10% | 3% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Mar 2019 | 12 | 91% | 6% | 3% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard contractual length for payment of invoices varies depending on the nature of the supply. Previously under Cobham PLC ownership, we were guided to request 75 days as our standard payment terms, where available and appropriate. We do however undertake specific negotiations with suppliers in certain circumstances which may be informed by, amongst other considerations, our own payment receipts profile from ultimate end users of our services and flow down contractual requirements from our own customers (which may require earlier payment).
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
Suppliers are notified of any changes to these policies in writing and during the ordering process for parts and services. Disputes related to payment can be raised by suppliers directly with local finance teams, the procurement team and business general manager either verbally or in writing. Any query or dispute raised is addressed as soon as practical and the supplier engaged as appropriate.
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.
❌
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.
❌
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.
❌
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
FB Heliservices Limited is a private limited company based at Bournemouth Airport in Dorset. According to Companies House, its registered business activities are repair and maintenance of aircraft and spacecraft, and defence activities. The company was originally incorporated under the name Intercede 1676 Limited in January 2001 before adopting its current name shortly afterwards. Historical filings show links to Cobham Plc and Bristow Helicopters Limited through past officer appointments, suggesting involvement in helicopter support services connected to those organisations. No further detail on specific contracts, clients or turnover is available from the evidence supplied. The company remains active on the Companies House register.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk