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Their own payment-practices filing · gov.uk

The Medical Protection Society Limited pays suppliers in 33 days on average — 32 days past its stated terms

CRN 00036142 · Other services · 17 statutory reports on record · period to 30 Jun 2026

33daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 32 days past the 1-day term they state.

Around averagevs a 31-day median across 6,104 recent filers
Their stated terms
1 days
Paid outside agreed terms
3% of invoices
Paid after 61+ days
11%
Reporting period
1 Jan 2026 – 30 Jun 2026
Source
their gov.uk filing, filed 11 Aug 2026

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2026 filing

Paid 32 days past their stated terms

The pattern · last 6 of 17 reports

44 → 33 days — getting faster

The read · computed from their figures

The Medical Protection Society Limited's H1 2026 filing puts their average at 33 days against stated terms of 1 days; 3% of invoices were paid outside agreed terms and 11% took 61 days or longer. Filed 11 Aug 2026.

The direction is faster: from 44 days in H2 2023 to 33 now — 11 days faster across their last 6 reports.

On the latest reported averages: Slower than 58% of the 115 large companies reporting in other services.

That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

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.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026333%11%11 Aug 2026
H2 2025362%13%28 Jan 2026
H1 2025392%17%28 Jul 2025
H2 2024373%15%30 Jan 2025
H1 2024345%16%30 Jul 2024
H2 2023442%22%30 Jan 2024
H1 2023393%16%28 Jul 2023
H2 20223754%15%30 Jan 2023
H1 20223950%16%29 Jul 2022
H2 2021303%11%27 Jan 2022
H1 2021298%13%30 Jul 2021
H2 2020311%10%26 Jan 2021
H1 2020321%9%29 Jul 2020
H2 2019311%8%29 Jan 2020
H1 2019251%4%16 Jul 2019
H2 2018271%10%29 Jan 2019
H1 2018233%14%26 Jul 2018

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
2 outstanding charges — secured borrowing registered Accounts due 30 Sept 2026 — overdue

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 33-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 33-day vs a 1-day payment cycle.

≈ £13,000
of invoicing outstanding at any one time on a 33-day cycle — about £12,600 more than the same account would carry at 1-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 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 · The Medical Protection Society Limited

Are they getting slower or faster?
Their reported average has moved about 11 days faster over the window (44 → 33 days).
What's their typical pay point?
Their latest filed report puts the average at day 33; across their last 6 reports it ranged 33–44 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

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 6,104 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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