Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
There has been a general downward trend in the average time taken for FIRTH RIXSON METALS LIMITED to pay invoices to suppliers. However, there have been some fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. The percentage of invoices paid later than 60 days has also fluctuated, but there has been a general decrease in this percentage over time.
The average time taken for FIRTH RIXSON METALS LIMITED to pay invoices to suppliers has been relatively stable, with only a few periods showing significant changes. However, the percentages of invoices paid within 30 days and between 31 and 60 days have shown more volatility, with some periods experiencing large increases or decreases. The percentage of invoices paid later than 60 days has also shown some volatility, but there has been a general decrease over time.
From the data, it can be seen that FIRTH RIXSON METALS LIMITED has been gradually improving their payment process, with a decrease in the average time taken to pay invoices and a decrease in the percentage of invoices paid later than 60 days. However, there has been some fluctuation in the percentage of invoices paid within 30 days and between 31 and 60 days. The best period for FIRTH RIXSON METALS LIMITED was in 2020, where they had the lowest percentage of invoices paid later than 60 days at 64%. The worst period was in 2018, where 79% of invoices were paid 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 Jul 2025 - 31 Dec 2025 | 28 Jan 2026 | 71 | 8% | 21% | 71% | 1% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 74 | 6% | 18% | 76% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Aug 2024 | 76 | 6% | 16% | 78% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 72 | 5% | 23% | 70% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 76 | 6% | 19% | 75% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Jan 2023 | 71 | 6% | 27% | 67% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 70 | 6% | 30% | 64% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jan 2022 | 70 | 6% | 30% | 64% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 74 | 7% | 23% | 70% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 85 | 7% | 20% | 73% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 79 | 4% | 18% | 78% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 83 | 8% | 18% | 74% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 78 | 7% | 15% | 78% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 80 | 5% | 21% | 74% | 51% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 80 | 6% | 15% | 79% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 90 days EOAP (end of accumulation period), unless otherwise stated in the purchase order or contract.
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
120
In the case of disputes, suppliers should contact Accounts Payable (FRAPCustomerServiceHowmet@howmet.com) who will then refer the issue to the appropriate internal department.
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
FIRTH RIXSON METALS LIMITED is an active private limited company, incorporated on 19 December 1914, based in the Yorkshire and The Humber region. Registered business activity: Casting of other non-ferrous metals; Forging, pressing, stamping and roll-forming of metal; powder metallurgy.
From Companies House records.