RWG (REPAIR & OVERHAULS) LIMITED
Company Information
- Company Number
- SC120673
- Registered Address
- Sir Ian Wood House Hareness Road, Altens Industrial Estate, Aberdeen, Scotland, AB12 3LE
- Status
- Active
- Employee Count
- 503
- Turnover
- £236,575,000
- EBITDA
- £34,766,000
Additional Details
- Website
- https://rwgroup.com/
- Company Type
- Private limited Company
- Incorporated On
- 9 October 1989
- Nature of Business
- 28110 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
- Industries
- Manufacturing
- Region
- Scotland
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 | 16 Jan 2024 | 42 | 32% | 63% | 5% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Sept 2022 | 43 | 33% | 62% | 5% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 44 | 30% | 65% | 5% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 42 | 33% | 63% | 4% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Mar 2019 | 40 | 36% | 61% | 3% | 12% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 29 | 61% | 37% | 2% | 17% |
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 price specified in this Order shall remain fixed. Invoices shall be posted to the Accounts Payable Department of RWG at the address indicated on the front of the Purchase Order on the day on which Goods are despatched or Work is completed. Invoices must quote RWG’s Purchase Order Number, itemised prices and discount terms, invoices which do not quote the Purchase Order Number will be returned. Payment of Suppliers invoice will be in the Suppliers bank account on the last working day of the month following the month of the invoice date, providing that such Goods or Work have been supplied in accordance with Clause 1 and the invoice is correct.
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
Dispute Resolution Process
The company’s Accounts Payable (AP) team can be contacted for payment enquiries, contact points via phone/email with all relevant contact details noted on the purchase order. If the AP team cannot resolve the dispute, Clause 19 of the terms and conditions in our PO (shown below) would apply. Clause 19 - Dispute Resolution 19.1 Any dispute between the parties arising from the Contract that cannot be settled amicably through negotiations between the appropriate representatives of the parties shall be resolved by referring the dispute to the respective Managing Directors or Chief Executive Officers of the parties (or their respective nominees). 19.2 If no agreement can be reached between the parties under Clause 19.1 above, the parties may attempt to settle the dispute by a form of alternative dispute resolution to be agreed between the parties. 19.3 In the absence of any agreement being reached on a particular dispute either party may, subject to Clause 19.4 take appropriate action in the courts of Scotland to resolve the dispute at any time. 19.4 It shall be a condition precedent to the referral of a dispute to the courts of Scotland under Clause 19.3 that the party which intends to commence proceedings in relation to the dispute first uses its reasonable endeavours to follow and complete the procedures set out in Clause 19.1 19.5 Nothing in this Clause 19 will prevent either party applying for any interdict or other preliminary or interim order for the purpose of protecting its commercial interests where that party, acting reasonably, has justification to seek such preliminary or interim protection.
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
RWG (REPAIR & OVERHAULS) LIMITED is a company that specializes in providing repair and overhaul services for a variety of industrial gas turbines, engines, and related equipment. The company was founded in 1990 and is headquartered in Aberdeen, Scotland.
The main activities of RWG include the repair, overhaul, and maintenance of gas turbines, engines, and associated equipment used in the oil and gas, power generation, and aviation industries. The company's team of skilled engineers and technicians work to ensure that their clients' equipment is operating at peak performance and efficiency, thereby reducing downtime and increasing productivity.
In addition to their core services, RWG also offers a range of sustainability programs aimed at reducing their environmental impact. These include recycling and waste management initiatives, as well as the use of renewable energy sources in their operations. The company is committed to minimizing their carbon footprint and promoting sustainable practices in their industry.
RWG's key people include Managing Director, Brian Ritchie, and Operations Director, Neil Mackenzie, who have over 30 years of experience in the gas turbine industry. Their team of highly trained engineers and technicians are also crucial to the company's success.
To get in touch with RWG, interested parties can visit their website at www.rwgroup.com or contact their registered office at Ruby House, Altens Industrial Estate, Aberdeen, AB12 3FY, United Kingdom. Overall, RWG (REPAIR & OVERHAULS) LIMITED is a leading provider of repair and maintenance services for industrial gas turbines and is committed to sustainability and environmental responsibility.
