METTIS AEROSPACE LIMITED
Company Information
- Company Number
- 03292360
- Registered Address
- Windsor Road, Redditch, Worcestershire, B97 6EF
- Status
- Active
- Employee Count
- 509
- Turnover
- £90,016,000
- EBITDA
- £3,861,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 December 1996
- Nature of Business
- 25500 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
- Industries
- Air Travel, Manufacturing, Raw Materials And Intermediate Goods
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2023 - 31 Dec 2023 | 12 Mar 2024 | 76 | 8% | 13% | 79% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 29 Nov 2023 | 74 | 8% | 14% | 79% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 73 | 11% | 17% | 72% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 71 | 9% | 23% | 68% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 63 | 17% | 33% | 50% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 68 | 20% | 27% | 53% | 33% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard payment period will vary as the standard payment terms reference the end of the month of invoice. On average it is equivalent to 105 days from the date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Mettis' standard terms are to pay suppliers within 90 days of the end of the month of invoice on receipt of an accurate and valid VAT invoice. Mettis shall only be obliged to make payments where Mettis is satisfied that the work has been performed in accordance with the agreement with the supplier and to an acceptable standard. Invoices dated prior to delivery or supply being completed will be treated as if dated at the time of completion of delivery or supply. Other payment terms may be negotiated and agreed depending on the commercial situation on a case by case basis.
Maximum contractual payment period agreed
105
Dispute Resolution Process
Mettis will endeavour to resolve any dispute reasonably and seeks to have an open, constructive and effective relationship with allsuppliers, as it believes they are integral to Mettis' success. Suppliers should address any queries on the acceptance of the service or goods provided to their Mettis contact who has placed the order. Where there is any other query on the invoice they should contact Accounts Payable. Accounts Payable will advise on the invoice approval status and, once the invoice is accepted, advise when payment is to be made.
Other Payment Information
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
METTIS AEROSPACE LIMITED is a leading manufacturer of precision components and assemblies for the aerospace industry. Founded in 1937, the company has a long history of providing high-quality products and services to global customers.
The company's sustainability program is a key focus for METTIS AEROSPACE LIMITED. They have implemented various initiatives to reduce their environmental impact, including energy and waste reduction, as well as promoting sustainable practices throughout their supply chain. They are committed to achieving carbon neutrality by 2025 and have received numerous awards for their sustainability efforts.
METTIS AEROSPACE LIMITED offers a wide range of products and services, including complex machined components, structural assemblies, and landing gear systems. They also provide engineering support and design solutions to their customers. Their products are used in various aircraft, including commercial, military, and business jets.
The key people at METTIS AEROSPACE LIMITED include CEO Tony Murray, CFO Graeme Bond, and COO Phil Bland. They are supported by a team of experienced professionals who are dedicated to delivering high-quality products and services to their customers.
The company's website address is www.mettis-aerospace.com, where customers can find more information about their products and services. The registered office address is located at Windsor Road, Redditch, Worcestershire, B97 6DJ, United Kingdom.
In conclusion, METTIS AEROSPACE LIMITED is a leading aerospace manufacturer with a strong commitment to sustainability. They offer a wide range of products and services and are led by a team of experienced professionals. Their website provides more details about their company and services, and their registered office address is located in Redditch, UK.
