| 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 2020 - 31 Dec 2020 | 01 Feb 2021 | 25 | 62% | 36% | 2% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 22 | 76% | 21% | 3% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 67 | 8% | 46% | 46% | 51% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 16 | 89% | 9% | 2% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 20 | 75% | 22% | 3% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days.
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
60
Mustang Engineering Limited are committed to being financially responsible and acting with integrity. We endeavor to resolve all disputes in a fair and timely manner. Disputes are typically resolved by discussion between the supplier and the business focal point and in case escalation is required to the business grouping SVP and VP F & A.
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
Mustang Engineering Limited is a Scottish-registered company based in Aberdeen, originally incorporated as JWG Shelf 21 Limited before adopting its current name later in 2004. Its registered business activities, per Companies House, are engineering design activities for industrial process and production, and other engineering activities. The company shares its registered office and several officers with Wood Group entities, indicating it operates as part of the wider Wood Group corporate structure rather than as an independent trading business. No further detail on specific projects, clients or services is available from the evidence supplied, though the SIC classification points to industrial engineering design work.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk