The data for MANCHESTER AIRPORT GROUP PROPERTY DEVELOPMENTS LIMITED shows a steady decrease in the average time taken to pay invoices over the three periods, from 61 days in the first period to 39 days in the last period.
The data also shows a decrease in the percentage of invoices paid later than 60 days, from 27% in the first period to 12% in the last period. However, there is some volatility in the percentage of invoices paid within 30 days, with a decrease from 46% in the second period to 35% in the third period.
The data for MANCHESTER AIRPORT GROUP PROPERTY DEVELOPMENTS LIMITED shows a positive trend towards paying invoices earlier, with a decrease in the average time taken to pay and a decrease in the percentage of invoices paid later than 60 days. The company also consistently pays invoices within the agreed terms, with the percentage not paid within agreed terms remaining below 50% in all three periods.
| 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 Oct 2018 - 31 Mar 2019 | 01 Nov 2019 | 48 | 46% | 37% | 17% | 54% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Nov 2019 | 61 | 38% | 35% | 27% | 62% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment due 28 days from document date.
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
28
Any payment queries are submitted to a generic email address or alternatively by telephone to the Accounts Payable 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
Manchester Airport Group Property Developments Limited is a registered company with the stated business of developing building projects. It sits within Manchester Airports Group (MAG), described on the group's website as the UK's largest group of airports, which also operates a dedicated property arm referred to as MAG Property covering its property portfolio. The entity itself is not an airport operator but functions as a property development vehicle within the wider MAG corporate structure, supporting building and development projects linked to the group's airport estate. No further detail on specific developments, sites or projects undertaken by this particular company is available from the evidence provided.
Generated from the company's website and Companies House records. Sources: manchesterairport.co.uk