Their own payment-practices filing · gov.uk
RWG (Repair & Overhauls) Limited paid suppliers in 42 days on average — within its stated 7–90 day terms
Their H2 2023 filing put the average 35 days past the shortest term they state (7 days), still within their 90-day upper term.
- Their stated terms
- 7–90 days
- Paid outside agreed terms
- 12% of invoices
- Paid after 61+ days
- 5%
- Reporting period
- 1 Jul 2023 – 31 Dec 2023
- Source
- their gov.uk filing, filed 16 Jan 2024
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2023 filing
Paid within their stated range — 42 against 7–90 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 10 reports
Held steady around 42 days
The read · computed from their figures
RWG (Repair & Overhauls) Limited's H2 2023 filing put their average at 42 days against stated terms of 7–90 days; 12% of invoices were paid outside agreed terms and 5% took 61 days or longer. Filed 16 Jan 2024.
The pattern is steady — their reported average moves within about ±1 days period to period.
That is 10 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
The price specified in this Order shall remain fixed. Invoices shall be posted to the Accounts Payable Department of RWG at the address indicated on the front of the Purchase Order on the day on which Goods are despatched or Work is completed. Invoices must quote RWG’s Purchase Order Number, itemised prices and discount terms, invoices which do not quote the Purchase Order Number will be returned. Payment of Suppliers invoice will be in the Suppliers bank account on the last working day of the month following the month of the invoice date, providing that such Goods or Work have been supplied in accordance with Clause 1 and the invoice is correct.
Dispute resolution
The company’s Accounts Payable (AP) team can be contacted for payment enquiries, contact points via phone/email with all relevant contact details noted on the purchase order. If the AP team cannot resolve the dispute, Clause 19 of the terms and conditions in our PO (shown below) would apply. Clause 19 - Dispute Resolution 19.1 Any dispute between the parties arising from the Contract that cannot be settled amicably through negotiations between the appropriate representatives of the parties shall be resolved by referring the dispute to the respective Managing Directors or Chief Executive Officers of the parties (or their respective nominees). 19.2 If no agreement can be reached between the parties under Clause 19.1 above, the parties may attempt to settle the dispute by a form of altern
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2023 | 42 | 12% | 5% | 16 Jan 2024 |
| H1 2022 | 43 | 14% | 5% | 13 Sept 2022 |
| H2 2021 | 44 | 14% | 5% | 31 Jan 2022 |
| H1 2021 | 44 | 16% | 5% | 20 Jul 2021 |
| H2 2020 | 46 | 18% | 7% | 28 Jan 2021 |
| H1 2020 | 44 | 15% | 6% | 27 Jul 2020 |
| H2 2019 | 42 | 14% | 4% | 4 Feb 2020 |
| H1 2019 | 44 | 19% | 6% | 14 Aug 2019 |
| H2 2018 | 40 | 12% | 3% | 6 Mar 2019 |
| H1 2018 | 29 | 17% | 2% | 31 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 9 Oct 1989
- Registered office
- RWG (REPAIR & OVERHAULS) LIMITED KIRKHILL DRIVE, ABERDEEN, AB21 0EU
Illustrative · working-capital arithmetic
What a 42-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 42-day vs a 7-day payment cycle.
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 · RWG (Repair & Overhauls) Limited
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How UK payment reporting works
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What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-SC120673 · latest period to 31 Dec 2023
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