Their own payment-practices filing · gov.uk
MGT Teesside Limited pays suppliers in 23 days on average
Their H1 2026 filing puts the average at 23 days, with 42% of invoices paid outside the terms they agreed.
- Paid outside agreed terms
- 42% of invoices
- Paid after 61+ days
- 1%
- Reporting period
- 1 Oct 2025 – 31 Mar 2026
- Source
- their gov.uk filing, filed 30 Apr 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Where 23 days sits on the clock
Where their invoices landed · share of all invoices
The read · computed from their figures
MGT Teesside Limited's H1 2026 filing puts their average at 23 days; 42% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 30 Apr 2026.
On the latest reported averages: Faster than 63% of the 158 large companies reporting in electricity & gas.
That is 2 statutory periods on record (earliest H2 2025) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Standard payment terms are 30 days, different payment terms may be agreed as required. Payment runs are completed weekly, approved invoices with value <=£5k are paid on the payment run preceding (or on) their due date, approved invoices with value >£5k are paid on the payment run following (or on) their due date.
Dispute resolution
Upon receipt of any invoice, checks are carried out to ensure: It is correctly addressed to MGT Teesside, the supplier is approved and bank details have been provided and confirmed, if applicable there is an accompanying Purchase order with a matching value, any necessary back-up information is provided and the goods/services have been satisfactorily received. If any of those checks are not passed, the supplier will be contacted to rectify the issue(s). Once resolved the invoice will be paid on the next available weekly payment run.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 23 | 42% | 1% | 30 Apr 2026 |
| H2 2025 | 24 | 66% | 1% | 30 Oct 2025 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 23 Apr 2008
- Registered office
- 8 WHITE OAK SQUARE, LONDON ROAD, SWANLEY, BR8 7AG
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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-06574235 · latest period to 31 Mar 2026
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