MITSUBISHI HEAVY INDUSTRIES AIR-CONDITIONING EUROPE, LTD.
Company Information
- Company Number
- 08391144
- Registered Address
- 5 The Square, Stockley Park, Uxbridge, Middlesex, United Kingdom, UB11 1ET
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 February 2013
- Nature of Business
- 46690 - Wholesale of other machinery and equipment
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
MITSUBISHI HEAVY INDUSTRIES AIR-CONDITIONING EUROPE, LTD. exhibits an average payment time of 53 days, indicating a consistent tendency towards payments in the 31-60 day range. While 41% of payments occur within 30 days, a significant 25% extend beyond 60 days, showing a clear trend towards longer payment cycles for a notable portion of transactions.
Volatility Analysis
The payment pattern displays moderate predictability, with a substantial 25% of payments consistently exceeding 60 days. Although the overall late payment rate is very low at 2%, the extended payment duration for a quarter of transactions introduces variability for a supplier's cash flow planning. Suppliers should anticipate that a significant portion of payments may take longer than standard 30-day terms.
Summary Analysis
Suppliers engaging with MITSUBISHI HEAVY INDUSTRIES AIR-CONDITIONING EUROPE, LTD. should anticipate an average payment cycle of around 53 days, with a quarter of payments extending beyond 60 days. It is advisable to factor these extended timelines into cash flow projections and consider negotiating specific payment terms or smaller initial credit limits to mitigate potential liquidity impacts. The low 2% late payment rate suggests reliability within their established payment windows, albeit potentially longer ones.
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 Apr 2025 - 30 Sept 2025 | 28 Oct 2025 | 53 | 41% | 34% | 25% | 2% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 55 | 32% | 38% | 30% | 7% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 65 | 34% | 30% | 36% | 6% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 49 | 53% | 24% | 22% | 3% |
| 01 Apr 2023 - 30 Sept 2023 | 22 Oct 2023 | 67 | 37% | 27% | 36% | 9% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 55 | 36% | 27% | 36% | 8% |
| 01 Apr 2022 - 30 Sept 2022 | 20 Oct 2022 | 63 | 39% | 22% | 39% | 10% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 54 | 34% | 35% | 31% | 7% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 60 | 28% | 25% | 47% | 10% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 50 | 38% | 29% | 33% | 9% |
| 01 Apr 2020 - 30 Sept 2020 | 26 Oct 2020 | 62 | 29% | 19% | 52% | 8% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 43 | 39% | 31% | 30% | 9% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 49 | 37% | 43% | 20% | 6% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 49 | 33% | 37% | 30% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 61 | 19% | 34% | 47% | 12% |
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
Mitsubishi Heavy Industries Air-Conditioning Europe, Ltd. (MHIAE) trades with a wide spectrum of suppliers ranging from large to small businesses. The company's preferred and most commonly used payment term is 60 days end of month, which is widely accepted in the UK. MHIAE is unable to apply a single standard payment term across all suppliers. The agreed payment terms with suppliers vary from 14 days to 120 days and are based on the nature of the procured goods and services. MHIAE follows an internal approval process of all invoices and the payment term is applied to correctly issued invoices from the date of the invoice.
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
Dispute Resolution Process
In case of straightforward queries / disputes (i.e. administrative errors, missing invoices or discrepancies), suppliers may contact MHIAE accounting department directly. In addition, MHIAE accounting department aim to resolve such queries in time for the monthly payment cycle. Disputes involving more complex queries (i.e. non-performance, quality issues or service failure), such queries are referred to appropriate general manager within MHIAE who will liaise with the supplier directly. All efforts are made to deal with and resolve even the most complex disputes so that the due invoices can be settled without unnecessary delay.
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.
❌
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.
❌
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
MITSUBISHI HEAVY INDUSTRIES AIR-CONDITIONING EUROPE, LTD
is an active private limited company
Its name indicates that it operates within the air-conditioning sector with a focus on the European market
The company was incorporated on 6 February 2013 and holds the company number 08391144
Its registered office is located at 5 The Square, Stockley Park, Uxbridge, Middlesex, United Kingdom, UB11 1ET, with its specified location as "Other"
Companies operating within the air-conditioning sector typically provide a range of services, including the design, supply, installation, maintenance, and repair of air-conditioning and HVAC (Heating, Ventilation, and Air Conditioning) systems
Their product offerings often encompass units for various applications, from residential and commercial to industrial settings across the UK market
