Score of 94/100 qualifies for PaymentCheck Certification
The trend for MACQUARIE AIRFINANCE HOLDINGS LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods.
The volatility for MACQUARIE AIRFINANCE HOLDINGS LIMITED has remained relatively stable over the past three periods, with no major fluctuations in the percentage of invoices paid within 30 days or later than 60 days.
| 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% |
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 Airfinance Holdings Limited is a UK-registered company that forms part of Macquarie Group, a global financial services group with Australian heritage operating across around 30 markets. Its registered business classification identifies it as engaged in the renting and leasing of air passenger transport equipment, indicating a role within Macquarie's aircraft leasing and finance activities rather than wider group functions such as asset management, banking or advisory services. The wider Macquarie Group provides asset management, banking, wealth management and advisory and risk and capital solutions across debt, equity and commodities, but these group-level activities should not be attributed directly to this specific entity, whose own function relates to aircraft leasing finance.
Generated from the company's website and Companies House records. Sources: macquarie.com