Their own payment-practices filing · gov.uk

Mclaren Applied Technologies Limited paid suppliers in 54 days on average — within its stated 15–60 day terms

CRN 02322992 · Manufacturing · 9 statutory reports on record · period to 30 Jun 2022

Dated record. The latest report covers a period ending 30 Jun 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

54daysavg time to pay · H1 2022

Their H1 2022 filing put the average 39 days past the shortest term they state (15 days), still within their 60-day upper term.

Their stated terms: 15–60 days
Paid outside agreed terms: 23% of invoices
Paid after 61+ days: 40%
Reporting period: 1 Jan 2022 – 30 Jun 2022
Source: their gov.uk filing, filed 31 Jul 2022

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

Terms vs reality · their H1 2022 filing

Paid within their stated range — 54 against 15–60 days

PAIDLATE · terms vs the clockdays to pay · 0–65

avg 54d

0 days65 days

reported avg 54 days their filed terms 15–60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 22% 31–60 days 38% 61+ days 40%

Source: their statutory Payment Practices Report #62256, period 1 Jan 2022 – 30 Jun 2022, filed 31 Jul 2022 · gov.uk payment-practices service

Mclaren Applied Technologies Limited paid within its stated range, 39 days past the shortest term. 23% of invoices still went outside agreed terms; 40% reached 61 days or more. Self-reported in their statutory H1 2022 filing.

The pattern · last 6 of 9 reports

63 → 54 days — faster across the window

PAIDLATE · the patternavg days per report

Last 6 of 9 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

9 days faster across the window. From 63 days in H2 2019 to 54 in the H1 2022 filing; the dashed line marks the 15-day term they state.

The read · computed from their figures

Mclaren Applied Technologies Limited's H1 2022 filing put their average at 54 days against stated terms of 15–60 days; 23% of invoices were paid outside agreed terms and 40% took 61 days or longer. Filed 31 Jul 2022.

The direction is faster: from 63 days in H2 2019 to 54 now — 9 days faster across their last 6 reports.

That is 9 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

McLaren's standard payment terms are End of Month +60 days (theoretical maximum 90 days). These standard terms are occasionally changed to facilitate contract renegotiation, with alternative terms agreed on individual basis.

Dispute resolution

Suppliers can contact the Accounts Payable (AP) department via email or phone to enquire about unpaid invoices. Suppliers are informed if goods are rejected and if credit note is required. The invoice is put on hold until the credit note is supplied for the rejected goods. The AP department contacts the suppliers to resolve any disputed invoices.

Other information

The raw data used to produce the payment practice reports does not take account of delays caused by ongoing discussions with the suppliers in reference to disputed goods.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2022	54	23%	40%	31 Jul 2022
H2 2021	56	22%	43%	28 Jan 2022
H1 2021	56	19%	41%	15 Jul 2021
H2 2020	69	31%	46%	25 Jan 2021
H1 2020	77	48%	65%	29 Jul 2020
H2 2019	63	19%	46%	31 Jan 2020
H1 2019	62	47%	50%	30 Jul 2019
H2 2018	68	40%	51%	31 Jan 2019
H1 2018	64	56%	44%	31 Jul 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 29 Nov 1988
Registered office: BLOCK E, DUKES COURT, WOKING, GU21 5BH

5 outstanding charges — secured borrowing registered Accounts due 31 Dec 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 54-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 54-day vs a 15-day payment cycle.

≈ £21,500

of invoicing outstanding at any one time on a 54-day cycle — about £15,400 more than the same account would carry at 15-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 · Mclaren Applied Technologies Limited

Are they getting slower or faster?

Their reported average has moved about 9 days faster over the window (63 → 54 days).

What's their typical pay point?

Their latest filed report put the average at day 54; across their last 6 reports it ranged 54–77 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.

Stay ahead

Watch Mclaren Applied Technologies Limited (free)

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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-02322992 · latest period to 30 Jun 2022

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