| 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 | 28 Jul 2025 | 56 | 33% | 49% | 18% | 21% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 54 | 32% | 50% | 18% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 54 | 27% | 53% | 20% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 55 | 23% | 63% | 14% | 24% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 53 | 30% | 58% | 12% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 62 | 22% | 58% | 19% | 29% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Feb 2021 | 56 | 23% | 59% | 18% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 52 | 26% | 57% | 17% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 52 | 28% | 57% | 15% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 56 | 24% | 55% | 21% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Variable, as agreed with supplier (78% if supplier base on 30-60 days net)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None
Maximum contractual payment period agreed
60
Accounts Payable informs the supplier's Accounts Receivable in the first instance of any reason for nonpayment. Internally, price disputes are resolved by buyers with the supplier (sales counterparts). Quality disputes are managed by our logistics department working with the supplier to agree a resolution.
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
SAFRAN ELECTRICAL & POWER UK LTD is a leading company in the aerospace industry, providing electrical systems and power solutions to a wide range of customers. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes measures such as reducing energy consumption, recycling waste, and using sustainable materials in their products. They also invest in research and development to continuously improve the efficiency and eco-friendliness of their products.
SAFRAN ELECTRICAL & POWER UK LTD offers a variety of products and services, including electrical systems, power generation, and distribution equipment. They also provide maintenance and repair services for their products, ensuring their customers receive high-quality support and assistance.
The key people at SAFRAN ELECTRICAL & POWER UK LTD include the managing director, who oversees the company's operations, and the head of sustainability, who leads the company's sustainability efforts.
To get in touch with SAFRAN ELECTRICAL & POWER UK LTD, you can visit their website at www.safran-electrical-power.com or contact their registered office at 10 Parkway, Solent Business Park, Fareham, Hampshire, PO15 7AA. They also have various global locations, making it easy for customers to reach out for support and assistance.