Their own payment-practices filing · gov.uk
How long does The Medical Protection Society Limited take to pay its suppliers?
Self-reported figure from their statutory filing. How this is compiled.
On the public register · Companies House
Company record
- Status
- Active
- Type
- PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
- Incorporated
- 31 Mar 1892
- Registered office
- LEVEL 19, THE SHARD, LONDON, SE1 9SG
Terms vs reality
Stated terms: 1 days. Reported average: 33.
At a glance
The key figures
Vs peers · latest reported averages
The pattern
Getting faster
Average days to pay across their last 6 statutory reports.
Where their supplier invoices land · latest period
The read · computed from their figures
The Medical Protection Society Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 33 days against stated terms of 1 days.
The direction is faster: from 44 to 33 days over the window — about 11 days faster.
In the latest period 3% of invoices were paid outside their agreed terms, and 11% landed 61+ days out.
In their own words · from the filing
Standard payment terms
Payment of approved invoice occurs when goods or services are confirmed to have been received; usually payment will occur on the next available payment run (which are produced every fortnight). Example; invoice dated 1st July, received 2nd July – fully approved by the 3rd July – this would be available to pay on next available payment run, so could feasibly be paid within 7 days of receipt. MPS does not hold authorised invoices until a set “due” date. As the statistics display, average payment term is 44 days but many invoices will be paid well within this timeframe. The majority of contracts sit within our “standard” term of 30 days for payment. Only disputed or unauthorised invoices would exceed this deadline (or where goods/services have not been received). Please also see Dun & Bradstr
Dispute resolution
MPS operates a Purchase Order process for operational spend. We have an automated system that generates a Purchase Order number upon approval of spend by the relevant departmental approvers. This PO number is given to the Supplier to quote on their invoice. Any disputes are handled by the order originator at MPS. For non-operational spend (payment of defence costs and other legal related spend) does not utilise a Purchase Order, but instead a unique case reference is quoted by the Supplier (usually a legal firm). Each case is handled by a Claims Manager or Case Handler, who are responsible for spend on that file. Any disputes on these invoices are dealt with by that individual who will liaise directly with the fee earner they instructed to perform work on our behalf (or liaise with 3rd par
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 33 | 3% | 11% | 11 Aug 2026 |
| H2 2025 | 36 | 2% | 13% | 28 Jan 2026 |
| H1 2025 | 39 | 2% | 17% | 28 Jul 2025 |
| H2 2024 | 37 | 3% | 15% | 30 Jan 2025 |
| H1 2024 | 34 | 5% | 16% | 30 Jul 2024 |
| H2 2023 | 44 | 2% | 22% | 30 Jan 2024 |
| H1 2023 | 39 | 3% | 16% | 28 Jul 2023 |
| H2 2022 | 37 | 54% | 15% | 30 Jan 2023 |
| H1 2022 | 39 | 50% | 16% | 29 Jul 2022 |
| H2 2021 | 30 | 3% | 11% | 27 Jan 2022 |
| H1 2021 | 29 | 8% | 13% | 30 Jul 2021 |
| H2 2020 | 31 | 1% | 10% | 26 Jan 2021 |
| H1 2020 | 32 | 1% | 9% | 29 Jul 2020 |
| H2 2019 | 31 | 1% | 8% | 29 Jan 2020 |
| H1 2019 | 25 | 1% | 4% | 16 Jul 2019 |
| H2 2018 | 27 | 1% | 10% | 29 Jan 2019 |
| H1 2018 | 23 | 3% | 14% | 26 Jul 2018 |
Working-capital effect
What a 33-day cycle ties up
Illustrative. On a hypothetical £12k/month account, at a 33-day vs a 1-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts Act 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
Are they getting slower or faster?
What's their typical pay point?
Can I see what this means for my invoices?
Stay ahead
Watch The Medical Protection Society Limited (free)
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How UK payment reporting works
What is a Payment Practices Report?
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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-00036142 · latest period to 30 Jun 2026
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