2m Group Limited payment practices report
PennyFetch rating based on government data:
Often outside termsCompanies House no. 07904022
This rating is PennyFetch’s own assessment derived from data self-reported by 2m Group Limited to the UK government.
This company’s most recent filing is from Aug 2024. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.
Avg. days to pay
43
UK median: 32
Outside agreed terms
50%
UK average: 24%
Trend
Getting slower
14 reports filed
Payment terms
7 to 90 days
Standard terms
Invoice payment breakdown
How 2m Group Limited compares
2m Group Limited takes an average of 43 days to pay its suppliers, which is 11 days slower than the UK median of 32 days across 9,336 reporting companies. 50% 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 (7 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 |
|---|---|---|---|---|
| Oct 2023 to Apr 2024 | 43 | 50% | 34% | 16% |
| May 2023 to Oct 2023 | 44 | 45% | 33% | 16% |
| Nov 2022 to Apr 2023 | 45 | 45% | 33% | 17% |
| May 2022 to Oct 2022 | 46 | 55% | 33% | 18% |
| Nov 2021 to Apr 2022 | 51 | 45% | 34% | 20% |
| May 2021 to Oct 2021 | 50 | 41% | 32% | 21% |
| Nov 2020 to Apr 2021 | 56 | 50% | 29% | 23% |
| Apr 2020 to Oct 2020 | 31 | 54% | 57% | 6% |
| Sept 2019 to Apr 2020 | 30 | 68% | 54% | 6% |
| May 2019 to Oct 2019 | 33 | 47% | 53% | 7% |
| Nov 2018 to Apr 2019 | 31 | 46% | 54% | 5% |
| May 2018 to Oct 2018 | 29 | 50% | 61% | 5% |
| Nov 2017 to Apr 2018 | 28 | 46% | 56% | 5% |
| May 2017 to Oct 2017 | 31 | 48% | 50% | 5% |
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 2m Group 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: Aug 2024. 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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