MSTG COMPANY LIMITED demonstrates a pronounced tendency toward extended payment cycles, with 70% of payments settling beyond 60 days and an average payment time of 66 days. Only 5% of payments are made within 30 days, indicating that early or prompt settlement is not a standard practice for this company. The data collectively points to a structurally slow payment pattern rather than an isolated or temporary delay.
Despite slow payment timelines, the low late payment rate of 3% suggests that while MSTG COMPANY LIMITED pays slowly, it does ultimately fulfill its obligations with a reasonable degree of consistency. The heavy concentration in the over-60-days bracket (70%) indicates predictable but extended cash conversion cycles, reducing uncertainty around whether payment will arrive, though not when. Suppliers can anticipate delays as the norm rather than the exception, which allows for planning but creates sustained working capital pressure.
MSTG COMPANY LIMITED presents a moderate-to-high cash flow risk for suppliers due to its dominant pattern of late-stage settlement, making it unsuitable for businesses with tight liquidity requirements. The low formal late payment rate (3%) provides some reassurance that payments are not routinely missed, but the 66-day average demands that suppliers build extended credit terms into their financial planning. To mitigate risk, suppliers should consider negotiating shorter contractual payment terms upfront, applying early payment discounts as incentives, or factoring outstanding invoices to offset the impact of prolonged receivables cycles.
| 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 | 27 Mar 2026 | 66 | 5% | 25% | 70% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
NET 60 NET 90 NET 30
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
90
A supplier invoice can be received either in paper or PDF format. The paper invoice will be barcoded and scanned, the PDF invoice will be uploaded into the ERP system. Invoices with a purchase order. A first pass attempt to post the invoice in the financial book of records will be executed, whereby the invoice amounts and quantities will be matched versus the purchase order. In case of discrepancies, an internal follow up will be performed with the purchase requisitioner or goods receiver for the quantity part and/or with the buyer for unit price deviations. If the discrepancy cannot be solved and are rejected by the internal partners, the invoice will be rejected and sent back to supplier with the request to issue a corrective invoice or (partial) credit note. If the discrepancy has been reviewed and proper follow up is provided to solve it, the invoice will be posted. This financial posting may be subject to an additional internal audit which will block the entry. Once the audit is performed, the block will be released and the invoice is ready for payment. Invoice without a purchase order. The invoice should at least indicate a reference or a contact person which should enable the request to review the invoice on correctness. If no reference is available, the invoice will rejected and sent back to the supplier with request to provide proper reference or contact details. If a reference or contact is available, an internal follow up will be performed to have the invoice reviewed on correctness and to acquire authorization for payment. Based on the authorization, the invoice will be posted. If no authorization can be obtained, the invoice will be rejected and sent back to supplier with the request to issue a corrective invoice or (partial) credit note. This financial posting may be subject to an additional internal audit which will block the entry. Once the audit is performed, the block will be released and the invoice is ready for payment. The payment due date of the invoice is calculated based on the agreed upon payment terms. Once the due date is reached, the invoice will be selected for payment.
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
MSTG COMPANY LIMITED is a dissolved private limited company, incorporated on 30 September 2016, based in the Wales region. Registered business activity: Manufacture of other inorganic basic chemicals.
From Companies House records.