Their own payment-practices filing · gov.uk

Engine Acquisition Limited paid suppliers in 35 days on average — within its stated 14–60 day terms

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

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.

35daysavg time to pay · H2 2020

Their H2 2020 filing put the average 21 days past the shortest term they state (14 days), still within their 60-day upper term.

Their stated terms: 14–60 days
Paid outside agreed terms: 20% of invoices
Paid after 61+ days: 6%
Reporting period: 1 Jul 2020 – 31 Dec 2020
Source: their gov.uk filing, filed 23 Apr 2021

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

Terms vs reality · their H2 2020 filing

Paid within their stated range — 35 against 14–60 days

PAIDLATE · terms vs the clockdays to pay · 0–65

avg 35d

0 days65 days

reported avg 35 days their filed terms 14–60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

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

Source: their statutory Payment Practices Report #43803, period 1 Jul 2020 – 31 Dec 2020, filed 23 Apr 2021 · gov.uk payment-practices service

Engine Acquisition Limited paid within its stated range, 21 days past the shortest term. 20% of invoices still went outside agreed terms; 6% reached 61 days or more. Self-reported in their statutory H2 2020 filing.

The pattern · last 5 of 5 reports

45 → 35 days — faster across the window

PAIDLATE · the patternavg days per report

Last 5 of 5 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

10 days faster across the window. From 45 days in H1 2018 to 35 in the H2 2020 filing; the dashed line marks the 14-day term they state.

The read · computed from their figures

Engine Acquisition Limited's H2 2020 filing put their average at 35 days against stated terms of 14–60 days; 20% of invoices were paid outside agreed terms and 6% took 61 days or longer. Filed 23 Apr 2021.

The direction is faster: from 45 days in H1 2018 to 35 now — 10 days faster across their last 5 reports.

That is 5 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

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.

Period	Avg days	Outside terms	61+ days	Filed
H2 2020	35	20%	6%	23 Apr 2021
H1 2020	44	40%	21%	16 Jul 2020
H1 2019	51	73%	32%	5 Aug 2019
H2 2018	52	79%	36%	5 Apr 2019
H1 2018	45	55%	26%	15 Aug 2018

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.

Illustrative · working-capital arithmetic

What a 35-day cycle ties up

A worked example, not a finding. 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 (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 · Engine Acquisition Limited

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 filed report put the average at day 35; across their last 5 reports it ranged 35–52 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

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They haven’t filed a payment report since 23 Apr 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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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-09080182 · latest period to 31 Dec 2020

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