AERFIN LIMITED
Company Details
Registration Number
07371844
Registered Address
Unit D Greenway Bedwas House Industrial Estate Bedwas Caerphilly Mid Glamorgan CF83 8DW
Company Status
Active
Employee Count
160
Turnover
£167,718,000
EBITDA
£22,290,000
Additional Information
Website
www.aerfin.com/Company Type
Private limited Company
Incorporated on
10 September 2010
Nature of Business (SIC)
52230 - Service activities incidental to air transportation
Industries
Aircraft
Region
WalesCompany Location
Financial Overview
£359,433
£34,906,183
Last Reporting Period
Filed
20 Jan 2020
Period
01 Jul 2019 - 31 Dec 2019
Payment Timing
Average Time to Pay
37 days
Payment Periods
Shortest
1 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
1%
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 37 | 89% | 8% | 3% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 20 Sep 2019 | 40 | 89% | 8% | 3% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 40 | 89% | 8% | 3% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 40 | 89% | 8% | 3% | 1% |
Company Summary
AERFIN LIMITED is a UK-based company that specializes in providing sustainable solutions for the aviation industry
They offer a wide range of services including aircraft asset management, aircraft recycling, and parts supply
Their sustainability program is at the core of their operations, with a focus on reducing the carbon footprint of the aviation industry
AERFIN LIMITED works closely with its customers to develop innovative solutions that promote sustainability and reduce environmental impact
They also have a strong commitment to responsible sourcing and ethical practices in their supply chain
In terms of products and services, AERFIN LIMITED offers aircraft leasing and trading, end-of-life solutions, and aftermarket support
They also have a dedicated team for engine and component management, providing cost-effective solutions for customers
The key people at AERFIN LIMITED include its founder and CEO, Bob James, who has over 30 years of experience in the aviation industry
The company also has a team of experienced professionals with a wealth of knowledge in the field of aviation and sustainability
To learn more about AERFIN LIMITED and their services, interested parties can visit their website at www.aerfin.com
Their registered office address is located at Unit 3, Sir Robert Peel Mill, Mill Lane Industrial Estate, Featherstone, West Yorkshire, WF7 5EP, United Kingdom
Company Review
Trend Analysis
The average time to pay for AERFIN LIMITED has remained consistent at 40 days for the past three periods. However, there has been a decrease in the average time to pay in the most recent period (2019-07-01 to 2019-12-31) with a decrease of 3 days compared to the previous period.
Volatility Analysis
The % Invoices paid later than 60 days has remained consistent at 3% for the past three periods, indicating a stable payment pattern. However, there has been a decrease in the % Invoices not paid within agreed terms in the most recent period (2019-07-01 to 2019-12-31) with a decrease of 1% compared to the previous period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
email supplier our query and put the invoice on hold. once query has been resolved, we then make payment
Other Payment Information
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?
❌
