| 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 Jan 2024 - 30 Jun 2024 | 16 Aug 2024 | 72 | 8% | 18% | 74% | 27% |
| 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 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 71 | 11% | 16% | 73% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 73 | 11% | 17% | 72% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 68 | 16% | 16% | 68% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 71 | 9% | 23% | 68% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 72 | 11% | 25% | 64% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Jul 2020 | 75 | 9% | 22% | 69% | 31% |
| 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% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 64 | 23% | 29% | 48% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 08 Aug 2018 | 72 | 18% | 30% | 52% | 42% |
This information is as reported by the business, and responses are in their own words.
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
Mettis will endeavour to resolve any dispute reasonable and seeks to have an open, constructive and effective relationship with all suppliers, 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 place 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 invoice is accepted, advise when payment is to be made.
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
METTIS AEROSPACE LIMITED is an active private limited company, incorporated on 16 December 1996, based in the West Midlands region. Registered business activity: Forging, pressing, stamping and roll-forming of metal; powder metallurgy.
From Companies House records.