Score of 92.47/100 qualifies for PaymentCheck Certification
MITSUBISHI HEAVY INDUSTRIES EMEA, LTD. demonstrates a strong trend of prompt payments, with an impressive average payment time of 20 days. A substantial 94% of invoices are settled within 30 days, indicating highly efficient payment processing. This consistent performance establishes a reliable trajectory for rapid invoice disbursements to suppliers.
Despite the excellent average, 10% of payments are categorized as late, with 4% extending to 31-60 days and 2% exceeding 60 days. While the vast majority of payments are predictable and on time, this introduces a slight degree of unpredictability for a small subset of invoices. Suppliers should acknowledge this minor tail risk, though the overall reliability remains high.
MITSUBISHI HEAVY INDUSTRIES EMEA, LTD. presents a highly favorable payment risk profile for suppliers, driven by rapid average payment times and high compliance within 30 days. Key decision factors include their overall payment speed and consistency, making them a strong partner. Suppliers may consider standard follow-up for the small percentage of late payments, but significant risk mitigation is generally not required.
| 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 2025 - 31 Mar 2026 | 30 Apr 2026 | 20 | 95% | 4% | 1% | 11% |
| 01 Apr 2025 - 30 Sept 2025 | 24 Oct 2025 | 20 | 94% | 4% | 2% | 10% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 23 | 93% | 5% | 2% | 16% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 21 | 92% | 5% | 3% | 19% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 19 | 95% | 4% | 1% | 16% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 22 | 88% | 10% | 2% | 18% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 22 | 87% | 9% | 4% | 15% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 25 | 83% | 13% | 4% | 49% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 27 | 83% | 12% | 5% | 55% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 25 | 83% | 12% | 5% | 56% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 25 | 83% | 13% | 4% | 47% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 33 | 70% | 20% | 10% | 58% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 30 | 77% | 13% | 10% | 47% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 25 | 83% | 13% | 4% | 58% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 31 | 75% | 18% | 7% | 56% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 27 | 76% | 20% | 4% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Each payment term is negotiated separately by supplier. The most common term used is 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
Queries over the payment of invoices should be first raised with the accounts payable team who can be contacted on 44 2034807500, they will also help to resolve any disputes with MHI-EMEA authorising manager
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
Mitsubishi Heavy Industries EMEA, Ltd. is a UK-registered company, incorporated in 1988 and based in London. Companies House classifies its activity under other manufacturing, and it forms part of the wider Mitsubishi Heavy Industries (MHI) Group, a Japanese industrial group. The global MHI Group spans energy, logistics and infrastructure, industrial machinery, aerospace and defence, producing items such as gas turbines, air conditioning and refrigeration equipment, CO2 capture systems and automated transit and warehouse machinery. The evidence available does not describe a distinct trading activity for the EMEA entity itself, beyond its role as part of this global group's European operations. No further detail on its specific UK functions is provided in the supplied evidence.
Generated from the company's website and Companies House records. Sources: mhi.com