PAIDLATE by YORXEN
← New check

Their own payment-practices filing · gov.uk

How long does Mgl2 Limited take to pay its suppliers?

CRN 06234510 · Professional & technical services · 7 statutory reports on record · period to 30 Jun 2026

34days
their reported average time to pay suppliers, latest period
Around averagevs a 31-day median across 6,185 recent filers

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

Share

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
2 May 2007
Registered office
ONE CANADA SQUARE, LONDON, E14 5AP
0 outstanding charges on the register Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 30 days. Reported average: 34.

Stated terms30d
+4 days
Reported avg34d

At a glance

The key figures

30d
their stated terms
20%
invoices paid outside terms
±3d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 58% of the 530 large companies reporting in professional & technical services.

The pattern

Holding steady

Average days to pay across their last 6 statutory reports.

terms 30d
35
35
33
36
38
34
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 48% 31–60 days 43% 61+ days 9%

The read · computed from their figures

Mgl2 Limited has filed 7 statutory payment periods (earliest H1 2023). Their latest report puts the average at 34 days against stated terms of 30 days.

The pattern is steady — their reported average moves within about ±3 days period to period.

In the latest period 20% of invoices were paid outside their agreed terms, and 9% landed 61+ days out.

What they tell their suppliers

1% of invoices in dispute

In their own words · from the filing

Standard payment terms

The price stated in the Order is inclusive of all costs and expenses including packing and transportation costs. No variation in the price of the Goods will be accepted for any reason whatsoever unless reasonable notice thereof has been given in writing by the Seller the Purchaser and an authorised officer of the Purchaser shall have accepted the price variation in writing. Where the Goods are subject to Value Added Tax or any other taxes the amount legally demandable is to be rendered as a separate item of account and if required by the Purchaser, the Seller shall produce bona fide evidence of the amount paid or to be paid by it in respect thereof. The Purchaser reserves the right to deduct from any monies due or becoming due to the Seller, any monies due from the Seller to the Pu

Dispute resolution

For contracts with suppliers, the appropriate business manager (and if appropriate senior manager) for each party will attempt to resolve the dispute (the Reach point of contact varies from contract to contract). Suppliers can also contact Reach’s dedicated accounts payable team ([email protected]). Such contacts would look to deal promptly with any disputes raised, in accordance with the terms of the contract, and involve other Reach managers as required.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20263420%9%21 Jul 2026
H2 20253823%12%28 Jan 2026
H1 20253625%12%29 Jul 2025
H2 20243320%9%29 Jan 2025
H1 20243525%8%24 Jul 2024
H2 20233521%8%29 Jan 2024
H1 20233036%6%20 Jul 2023

Working-capital effect

What a 34-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 34-day vs a 30-day payment cycle.

≈ £13,500
of invoicing outstanding at any one time on a 34-day cycle — about £1,600 more than the same account would carry at 30-day terms.

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?
Their reported average is steady — within about ±3 days period to period, around 34 days.
What's their typical pay point?
Their latest reports average around day 34, moving within about ±3 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 Mgl2 Limited (free)

Their next payment report is due ≈ 26 Jan 2027. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

You’ll get a confirmation email first. Unsubscribe any time. How we handle your address.

More large companies in professional & technical services

Meta Management Services Limited · MHC UK Limited · Merlin Attractions Operations Limited · Mil Overseas Limited · Merian Investment Management Limited · Millbrook Proving Ground Limited

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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-06234510 · latest period to 30 Jun 2026

Verify the original Companies House file

Built by YORXEN LTD · registered in England & Wales · CRN 17303256 · privacy · terms.