Mettis Aerospace Limited paid suppliers in 72 days on average — inside its 105-day stated terms

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.

Dispute resolution

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.

Other information

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.