Their own payment-practices filing · gov.uk
Mutual Clothing & Supply Company Limited pays suppliers in 23 days on average — within its stated 7–60 day terms
Their H1 2026 filing puts the average 16 days past the shortest term they state (7 days), still within their 60-day upper term.
- Their stated terms
- 7–60 days
- Paid outside agreed terms
- 25% of invoices
- Paid after 61+ days
- 3%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 10 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 23 against 7–60 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
Holding steady around 23 days
The read · computed from their figures
Mutual Clothing & Supply Company Limited's H1 2026 filing puts their average at 23 days against stated terms of 7–60 days; 25% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 10 Jul 2026.
The pattern is steady — their reported average moves within about ±2 days period to period.
On the latest reported averages: Slower than 53% of the 638 large companies reporting in financial 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
We do not have any standard business terms with our suppliers. These are agreed on a case by case basis. The most common terms for our suppliers of goods for retail sale are either 30 days or payment at the end of the month following invoice date. We normally require suppliers to forward a monthly statement of amounts due. For other suppliers we pay within thirty days of invoice date. Where early settlement discounts are offered by a supplier our policy is to pay within the time required to obtain the discount. A number of our suppliers directly debit our bank account with the payments they require. It is therefore their responsibility to obtain payment within their payment terms. The vast majority of our ‘late’ payments are where suppliers have taken payment via direct debit later th
Dispute resolution
Dispute resolution Any dispute about our payment process should be addressed to the Directors and sent to the registered office at 39 Bedford Street South Leicester LE1 3JN. Alternatively, a complaint can be sent via our website mutual.uk.com Any dispute will be considered by a director who was not involved with the purchasing process.
Other information
We do not have any standard business terms with our suppliers. These are agreed on a case by case basis. The most common terms for our suppliers of goods for retail sale are either 30 days or payment at the end of the month following invoice date. We normally require suppliers to forward a monthly statement of amounts due. For other suppliers we pay within thirty days of invoice date. Where early settlement discounts are offered by a supplier our policy is to pay within the time required to obtain the discount. A number of our suppliers directly debit our bank account with the payments they require. It is therefore their responsibility to obtain payment within their payment terms. The vast majority of our ‘late’ payments are where suppliers have taken payment via direct debit later th
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 23 | 25% | 3% | 10 Jul 2026 |
| H2 2025 | 23 | 24% | 1% | 13 Jan 2026 |
| H1 2025 | 26 | 27% | 3% | 13 Jul 2025 |
| H2 2024 | 26 | 28% | 3% | 15 Jan 2025 |
| H1 2024 | 26 | 24% | 2% | 17 Jul 2024 |
| H2 2023 | 22 | 27% | 3% | 12 Jan 2024 |
| H1 2023 | 26 | 23% | 3% | 17 Jul 2023 |
| H2 2022 | 26 | 24% | 2% | 12 Jan 2023 |
| H1 2022 | 25 | 20% | 3% | 8 Jul 2022 |
| H2 2021 | 25 | 22% | 3% | 12 Jan 2022 |
| H1 2021 | 27 | 27% | 5% | 9 Jul 2021 |
| H2 2020 | 27 | 30% | 2% | 12 Jan 2021 |
| H1 2020 | 26 | 33% | 3% | 8 Jul 2020 |
| H2 2019 | 25 | 35% | 3% | 20 Jan 2020 |
| H1 2019 | 25 | 35% | 3% | 3 Jul 2019 |
| H2 2018 | 28 | 2% | 4% | 14 Jan 2019 |
| H1 2018 | 27 | 2% | 4% | 4 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 11 May 1922
- Registered office
- 39/43 BEDFORD STREET SOUTH, LE1 3JN
Illustrative · working-capital arithmetic
What a 23-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 23-day vs a 7-day payment cycle.
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 · Mutual Clothing & Supply Company Limited
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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-00181701 · latest period to 30 Jun 2026
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