Industry ranking
Score of 94/100 qualifies for PaymentCheck Certification
| 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 2019 - 31 Mar 2020 | 05 May 2020 | 30 | 100% | 0% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 09 Oct 2019 | 30 | 100% | 0% | 0% | 0% |
| 01 Nov 2018 - 31 Mar 2019 | 30 Apr 2019 | 30 | 100% | 0% | 0% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 09 Nov 2018 | 30 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We do not use standard terms. Our most frequently used payment terms for qualifying contracts is payment within 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
30
We do not have a formal dispute resolution process. Any dispute will typically be considered by our Vice President, Financial Planning & Treasury, within 5 working days of such dispute arising and will be escalated to our Chief Executive Officer if not resolved with the concerned supplier.
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
Macquarie Aerospace Finance UK Limited is a UK-registered entity, incorporated in 2015, whose registered business activity is the renting and leasing of air passenger transport equipment, indicating a role in aircraft leasing and finance. It forms part of Macquarie Group, a global financial services organisation with Australian heritage operating in around 30 markets, providing asset management, banking, advisory and risk and capital solutions across debt, equity and commodities. While the wider Group is a diversified financial services business with a large UK presence, including infrastructure investment and thousands of employees, this specific company's own function, based on its registered classification, is aircraft-related leasing and finance within that broader group structure.
Generated from the company's website and Companies House records. Sources: macquarie.com