What can I do if a supplier pays me late?

If a company pays you late, you have the legal right to charge statutory interest at 8% plus the Bank of England base rate under the Late Payment of Commercial Debts Act 1998. You can also claim fixed compensation of £40 to £100 per invoice. PennyFetch can calculate exactly what you are owed and send reminders automatically.

Where does this payment data come from?

This data is self-reported by companies to the UK government Payment Practices Reporting service. Large UK companies are legally required to report how quickly they pay their suppliers every six months. The data is published under the Open Government Licence. PennyFetch republishes this data and adds its own rating classifications.

What can I do if a supplier pays me late?

If a company pays you late, you have the legal right to charge statutory interest at 8% plus the Bank of England base rate under the Late Payment of Commercial Debts Act 1998. You can also claim fixed compensation of £40 to £100 per invoice. PennyFetch can calculate exactly what you are owed and send reminders automatically.

Where does this payment data come from?

This data is self-reported by companies to the UK government Payment Practices Reporting service. Large UK companies are legally required to report how quickly they pay their suppliers every six months. The data is published under the Open Government Licence. PennyFetch republishes this data and adds its own rating classifications.

UK Payment Practices Report

Mtr Bailey Trading Limited payment practices report

PennyFetch rating based on government data:

Often outside terms

Companies House no. 04313694

This rating is PennyFetch’s own assessment derived from data self-reported by Mtr Bailey Trading Limited to the UK government.

This company’s most recent filing is from Jun 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 20 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

UK median: 32

Outside agreed terms

32%

UK average: 24%

Trend

Getting faster

13 reports filed

Payment terms

1 to 60 days

Standard terms

Invoice payment breakdown

78%

19%

Within 30 days: 78%31 to 60 days: 19%Over 60 days: 2%

How Mtr Bailey Trading Limited compares

Mtr Bailey Trading Limited takes an average of 20 days to pay its suppliers, which is 12 days faster 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%. Their payment speed has been improving over time based on historical filings.

The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (1 to 60 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
Dec 2023 to May 2024	20	32%	78%	2%
Jun 2023 to Nov 2023	14	51%	85%	1%
Dec 2022 to May 2023	23	61%	83%	4%
Jun 2022 to Nov 2022	11	61%	90%	0%
Dec 2021 to May 2022	24	59%	85%	5%
Jun 2021 to Nov 2021	17	51%	86%	1%
Dec 2020 to May 2021	17	59%	79%	1%
Jun 2020 to Nov 2020	31	70%	76%	15%
Dec 2019 to May 2020	47	23%	83%	17%
Jun 2019 to Nov 2019	15	28%	89%	3%
Dec 2018 to May 2019	25	4%	61%	1%
Jun 2018 to Nov 2018	32	3%	54%	8%
Dec 2017 to May 2018	34	3%	52%	9%

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Frequently asked questions

According to their most recent self-reported government filing, MTR BAILEY TRADING LIMITED pays invoices in 20 days on average. 32% of their invoices fall outside the agreed payment terms. PennyFetch rates this company as "Often outside terms" based on that data.

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All payment statistics on this page are self-reported by Mtr Bailey Trading 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: Jun 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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