| 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 Sept 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
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
email supplier our query and put the invoice on hold. once query has been resolved, we then make 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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
AerFin Limited, registered in England and Wales, is an aviation asset specialist based in Wales. The company buys, sells, leases and repairs aircraft, engines and parts, serving airlines, lessors, MROs, financiers and traders worldwide. Its activities span parts supply from an inventory of used serviceable airframe and engine material, whole aircraft and engine trading and leasing, and engine MRO services including maintenance, disassembly, component management and end-of-life processing. It states it serves over 600 customers across six continents. News evidence indicates ORIX Aviation is set to acquire the company. The registered office is in Bedwas, Caerphilly, though contact details also list a Newport address.
Generated from the company's website and Companies House records. Sources: aerfin.com · aerfin.com