| 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 2025 - 30 Jun 2025 | 29 Jul 2025 | 45 | 28% | 53% | 19% | 76% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 44 | 27% | 56% | 17% | 74% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 45 | 26% | 58% | 16% | 76% |
| 01 Jul 2023 - 31 Dec 2023 | 11 Jan 2024 | 44 | 23% | 61% | 16% | 75% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 45 | 25% | 61% | 14% | 74% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 51 | 19% | 56% | 25% | 78% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 45 | 35% | 53% | 12% | 56% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 43 | 35% | 55% | 10% | 55% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 43 | 40% | 49% | 11% | 48% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 42 | 39% | 49% | 12% | 50% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 49 | 23% | 55% | 22% | 75% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 47 | 29% | 53% | 18% | 66% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 50 | 29% | 51% | 20% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Feb 2019 | 46 | 33% | 53% | 14% | 65% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 43 | 30% | 57% | 13% | 69% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for suppliers is 60 days terms, however many suppliers in the system are set much lower than 60 days terms. Suppliers currently on shorter than standard terms are granted 'Grandfather rights' allowing them to continue on their current terms. As new suppliers are added, or new agreements are created with current suppliers, accounts will be set to 60 days terms during contract negotiation.
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
All invoices are processed by the Accounts Payable team. Any invoice under query or subject to dispute will not be paid until satisfactory resolution is found. Any invoice under query or subject to dispute is handled by the Procurement department (with support from Accounts Payable) in accordance with our standard operating procedures as defined in the business manual.
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
Vector Aerospace International Limited is a UK-registered company based at Fleetlands, Gosport, Hampshire. It forms part of the StandardAero group, an independent provider of aerospace maintenance, repair and overhaul (MRO) services for fixed and rotary-wing aircraft. The group's work covers engine and airframe solutions, avionics, and component repair and overhaul for commercial, business, military and industrial aviation customers, delivered through facilities and mobile service teams worldwide. The registered SIC classification for this entity confirms its activity as repair and maintenance of aircraft and spacecraft. As with other StandardAero group entities, this company's registered role sits within the wider international MRO group rather than as a standalone trading operation.
Generated from the company's website and Companies House records. Sources: standardaero.com · standardaero.com