Mmcg (2) Limited payment practices report
PennyFetch rating based on government data:
Often outside termsCompanies House no. 10622354
This rating is PennyFetch’s own assessment derived from data self-reported by Mmcg (2) Limited to the UK government.
This company’s most recent filing is from Jan 2024. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.
This company has short standard payment terms and pays invoices in 48 days on average. The “outside terms” percentage reflects how often invoices exceed those short terms, not slow payment in absolute terms.
Avg. days to pay
48
UK median: 32
Outside agreed terms
32%
UK average: 24%
Trend
Stable
6 reports filed
Payment terms
0 to 90 days
Standard terms
Invoice payment breakdown
How Mmcg (2) Limited compares
Mmcg (2) Limited takes an average of 48 days to pay its suppliers, which is 16 days slower than the UK median of 32 days across 9,336 reporting companies. 32% of their invoices fall outside the agreed payment terms, compared to a national average of 24%.
The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms, 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 |
|---|---|---|---|---|
| May 2023 to Oct 2023 | 48 | 32% | 25% | 44% |
| Nov 2022 to Apr 2023 | 53 | 36% | 23% | 48% |
| May 2022 to Oct 2022 | 51 | 26% | 22% | 34% |
| Nov 2021 to Apr 2022 | 47 | 18% | 20% | 22% |
| May 2021 to Oct 2021 | 48 | 20% | 20% | 25% |
| Nov 2020 to Apr 2021 | 49 | 24% | 15% | 29% |
PennyFetch tracks your invoices, sends automatic payment reminders, and calculates statutory interest if anything goes overdue.
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All payment statistics on this page are self-reported by Mmcg (2) 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 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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