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Their own payment-practices filing · gov.uk

How long does Engine Acquisition Limited take to pay its suppliers?

CRN 09080182 · Professional & technical services · 5 statutory reports on record · period to 31 Dec 2020

35days
their reported average time to pay suppliers, latest period
Around averagevs a 31-day median across 6,185 recent filers

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

Share
Dated record. The latest report covers a period ending 31 Dec 2020 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
10 Jun 2014
Registered office
60 GREAT PORTLAND STREET, LONDON, W1W 7RT
1 outstanding charge — secured borrowing registered Accounts due 31 Oct 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 14–60 days. Reported average: 35.

Stated terms14–60d
+21 days
Reported avg35d

At a glance

The key figures

14–60d
their stated terms
20%
invoices paid outside terms
-10d
faster over the window
±9d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 61% of the 530 large companies reporting in professional & technical services.

The pattern

Getting faster

Average days to pay across their last 5 statutory reports.

terms 14d
45
52
51
44
35
H1 2018H2 2018H1 2019H1 2020H2 2020

Where their supplier invoices land · latest period

within 30 days 57% 31–60 days 37% 61+ days 6%

The read · computed from their figures

Engine Acquisition Limited has filed 5 statutory payment periods (earliest H1 2018). Their latest report puts the average at 35 days against stated terms of 14–60 days.

The direction is faster: from 45 to 35 days over the window — about 10 days faster.

In the latest period 20% of invoices were paid outside their agreed terms, and 6% landed 61+ days out.

In their own words · from the filing

Standard payment terms

We have a range of standard payment terms for different categories of supplier. For Government subcontractors or contractors who engage with ENGINE for a contract for services, invoices will be paid on 30 day terms. The standard for all other suppliers will be 30/60 depending on category, with any deviation from these requiring internal approval.

Dispute resolution

The accounts payable (AP) team request further information from the purchaser to resolve the issue with the supplier. The AP team will request that the invoice is checked by the relevant department to ensure the invoice is a valid business expense and matches the quoted amount. Any unforeseen changes will then need internal approval proceeding with payment. Finance Manager (FM)/Financial Controller (FC) monitor status of disputed invoices each week, the AP team report disputed/unapproved invoices weekly which are then escalated by FM/FC if required. The supplier can escalate any issues to FM/FC at any time, at which point a new disputed invoice will be added to the weekly reporting cycle to ensure it is resolved asap.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20203520%6%23 Apr 2021
H1 20204440%21%16 Jul 2020
H1 20195173%32%5 Aug 2019
H2 20185279%36%5 Apr 2019
H1 20184555%26%15 Aug 2018

Working-capital effect

What a 35-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 35-day vs a 14-day payment cycle.

≈ £14,000
of invoicing outstanding at any one time on a 35-day cycle — about £8,300 more than the same account would carry at 14-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act 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

Are they getting slower or faster?
Their reported average has moved about 10 days faster over the window (45 → 35 days).
What's their typical pay point?
Their latest reports average around day 35, moving within about ±9 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.

Stay ahead

Watch Engine Acquisition Limited (free)

Their next payment report is due ≈ 29 Jul 2021. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in professional & technical services

Engels (No.1) Limited · Enovert Management Limited · Energy, Safety and Risk Consultants (UK) Limited · Entertainment One UK Holdings Limited · Element Six (UK) Limited. · Ergea UK and Ireland Limited

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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-09080182 · latest period to 31 Dec 2020

Verify the original Companies House file

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