Ontic Engineering & Manufacturing UK Limited payment practices report
PennyFetch rating based on government data:
Often outside termsCompanies House no. 06707516
This rating is PennyFetch’s own assessment derived from data self-reported by Ontic Engineering & Manufacturing UK Limited to the UK government.
This company’s most recent filing is from Jan 2023. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.
Avg. days to pay
46
UK median: 32
Outside agreed terms
34%
UK average: 24%
Trend
Getting slower
10 reports filed
Payment terms
14 to 90 days
Standard terms
Invoice payment breakdown
How Ontic Engineering & Manufacturing UK Limited compares
Ontic Engineering & Manufacturing UK Limited takes an average of 46 days to pay its suppliers, which is 14 days slower than the UK median of 32 days across 9,336 reporting companies. 34% of their invoices fall outside the agreed payment terms, compared to a national average of 24%. Their payment speed has been getting worse over time based on historical filings.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (14 to 90 days), not against a fixed 30-day standard. A company with long payment terms can still be rated “Good payer” if it consistently meets those terms.
Payment history
| Period | Avg. days | % outside terms | % in 30d | % over 60d |
|---|---|---|---|---|
| Jul 2022 to Dec 2022 | 46 | 34% | 34% | 24% |
| Jan 2022 to Jun 2022 | 41 | 30% | 41% | 15% |
| Jul 2021 to Dec 2021 | 43 | 32% | 38% | 18% |
| Jan 2021 to Jun 2021 | 47 | 38% | 32% | 21% |
| Jul 2020 to Dec 2020 | 44 | 32% | 41% | 21% |
| Jan 2020 to Jun 2020 | 46 | 42% | 41% | 23% |
| Jul 2019 to Dec 2019 | 34 | 34% | 56% | 8% |
| Jan 2019 to Jun 2019 | 33 | 40% | 50% | 6% |
| Jul 2018 to Dec 2018 | 33 | 37% | 51% | 8% |
| Jan 2018 to Jun 2018 | 35 | 48% | 45% | 8% |
PennyFetch sends automatic payment reminders so you don’t have to chase. If they still don’t pay, it calculates statutory interest and generates a Letter Before Action as a PDF.
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All payment statistics on this page are self-reported by Ontic Engineering & Manufacturing UK Limited to the UK Government Payment Practices Reporting service . The government publishes this data but does not independently verify the figures. Published under the Open Government Licence v3.0.
Most recent report filed: Jan 2023. The rating labels on this page (e.g. “Good payer”, “Often outside terms”) are PennyFetch’s own classifications based on the reported data. They are not government ratings. This page is for informational purposes and does not constitute legal or financial advice.
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