Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 |
|---|---|---|---|---|---|---|
| 04 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 70 | 8% | 35% | 57% | 36% |
| 01 Jan 2025 - 03 Jul 2025 | 29 Jul 2025 | 71 | 10% | 36% | 54% | 36% |
| 28 Jun 2024 - 31 Dec 2024 | 13 Jan 2025 | 71 | 8% | 38% | 54% | 47% |
| 01 Jan 2024 - 27 Jun 2024 | 24 Jul 2024 | 67 | 10% | 45% | 45% | 31% |
| 30 Jun 2023 - 31 Dec 2023 | 15 Jan 2024 | 67 | 29% | 35% | 36% | 32% |
| 01 Jan 2023 - 29 Jun 2023 | 04 Jul 2023 | 67 | 39% | 18% | 43% | 45% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Jan 2023 | 67 | 41% | 18% | 42% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Jul 2022 | 66 | 41% | 20% | 39% | 37% |
| 02 Aug 2021 - 31 Dec 2021 | 13 Jan 2022 | 64 | 40% | 21% | 39% | 63% |
| 01 Jan 2021 - 01 Jul 2021 | 27 Jul 2021 | 66 | 30% | 19% | 51% | 46% |
| 03 Aug 2020 - 31 Dec 2020 | 14 Jan 2021 | 62 | 41% | 22% | 37% | 35% |
| 01 Jan 2020 - 02 Aug 2020 | 31 Aug 2020 | 67 | 14% | 25% | 61% | 58% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 58 | 31% | 27% | 41% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 43 | 35% | 23% | 42% | 40% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jul 2019 | 56 | 17% | 29% | 54% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2019 | 64 | 9% | 28% | 63% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
per the contract
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
120
Supply Chain Management team responsible for dispute resolution ahead of payment
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
Prestwick Aerosystems Limited is a UK registered company classified under manufacture of air and spacecraft and related machinery, with industry tags covering aircraft, parts and components manufacturing. Evidence links the company to the Spirit AeroSystems group, whose own website describes it as a tier one manufacturer of aerostructures for commercial and defence aviation. Spirit AeroSystems Inc. is now wholly owned by The Boeing Company, following completion of an acquisition. This entity therefore appears to operate as part of that wider aerostructures manufacturing group's UK operations, rather than as an independent trading business in its own right. No further UK specific operational detail is provided in the evidence.
Generated from the company's website and Companies House records. Sources: spiritaero.com