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Their own payment-practices filing · gov.uk

Mitsubishi Heavy Industries AIR-Conditioning Europe, Ltd. pays suppliers in 49 days on average — within its stated 14–120 day terms

CRN 08391144 · Wholesale & retail trade · 16 statutory reports on record · period to 31 Mar 2026

49daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 35 days past the shortest term they state (14 days), still within their 120-day upper term.

Slower than mostvs a 31-day median across 6,104 recent filers
Their stated terms
14–120 days
Paid outside agreed terms
4% of invoices
Paid after 61+ days
25%
Reporting period
1 Oct 2025 – 31 Mar 2026
Source
their gov.uk filing, filed 30 Apr 2026

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2026 filing

Paid within their stated range — 49 against 14–120 days

The pattern · last 6 of 16 reports

67 → 49 days — getting faster

The read · computed from their figures

Mitsubishi Heavy Industries AIR-Conditioning Europe, Ltd.'s H1 2026 filing puts their average at 49 days against stated terms of 14–120 days; 4% of invoices were paid outside agreed terms and 25% took 61 days or longer. Filed 30 Apr 2026.

The direction is faster: from 67 days in H2 2023 to 49 now — 18 days faster across their last 6 reports.

On the latest reported averages: Slower than 77% of the 815 large companies reporting in wholesale & retail trade.

That is 16 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

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.

Dispute resolution

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.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026494%25%30 Apr 2026
H2 2025532%25%28 Oct 2025
H1 2025557%30%29 Apr 2025
H2 2024656%36%29 Oct 2024
H1 2024493%22%29 Apr 2024
H2 2023679%36%22 Oct 2023
H1 2023558%36%28 Apr 2023
H2 20226310%39%20 Oct 2022
H1 2022547%31%29 Apr 2022
H2 20216010%47%28 Oct 2021
H1 2021509%33%30 Apr 2021
H2 2020628%52%26 Oct 2020
H1 2020439%30%28 Apr 2020
H2 2019496%20%29 Oct 2019
H1 20194910%30%30 Apr 2019
H2 20186112%47%30 Oct 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
6 Feb 2013
Registered office
5 THE SQUARE, UXBRIDGE, UB11 1ET
0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 49-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 49-day vs a 14-day payment cycle.

≈ £19,500
of invoicing outstanding at any one time on a 49-day cycle — about £13,800 more than the same account would carry at 14-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · Mitsubishi Heavy Industries AIR-Conditioning Europe, Ltd.

Are they getting slower or faster?
Their reported average has moved about 18 days faster over the window (67 → 49 days).
What's their typical pay point?
Their latest filed report puts the average at day 49; across their last 6 reports it ranged 49–67 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-08391144 · latest period to 31 Mar 2026

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