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Their own payment-practices filing · gov.uk

How long does Monzo Bank Limited take to pay its suppliers?

CRN 09446231 · Financial services · 12 statutory reports on record · period to 31 Mar 2026

32days
their reported average time to pay suppliers, latest period
Slower than mostvs a 31-day median across 6,185 recent filers

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

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
18 Feb 2015
Registered office
BROADWALK HOUSE, LONDON, EC2A 2AG
2 outstanding charges — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 1–30 days. Reported average: 32.

Stated terms1–30d
+31 days
Reported avg32d

At a glance

The key figures

1–30d
their stated terms
46%
invoices paid outside terms
+11d
slower over the window
±9d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 79% of the 661 large companies reporting in financial services.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 1d
21
16
17
14
17
32
H1 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 59% 31–60 days 29% 61+ days 12%

The read · computed from their figures

Monzo Bank Limited has filed 12 statutory payment periods (earliest H1 2020). Their latest report puts the average at 32 days against stated terms of 1–30 days.

The direction is slower: from 21 to 32 days over the window — about 11 days slower.

In the latest period 46% of invoices were paid outside their agreed terms, and 12% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Monzo has standard payment terms of 30 Days. Certain Suppliers however have agreed terms of immediate, 7, 14 & 15 days - This equates to approximately 20% of the supplier population, the remainder are on the standard 30 day terms.

Dispute resolution

Monzo Finance, Procurement and Business collectives work collaboratively with Suppliers to resolve any Supplier Invoice or payment disputes. We have a dedicated Accounts Payable team who oversee invoice payments. Payment queries can be emailed directly to [email protected]. If required, issues are escalated to the business contact responsible for managing that supplier. Where there is any written dispute on the amount of an invoice, Monzo will pay any undisputed amount and the Parties will seek to resolve that dispute as quickly as possible.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20263246%12%30 Apr 2026
H2 20251727%2%31 Oct 2025
H1 20251422%1%30 Apr 2025
H2 20241726%1%30 Oct 2024
H1 20241624%1%1 May 2024
H1 20232130%2%28 Sept 2023
H1 20232735%5%30 Mar 2023
H1 20222536%3%29 Sept 2022
H1 20222635%3%1 Apr 2022
H1 20212421%3%30 Sept 2021
H1 20212529%2%22 Mar 2021
H1 20202339%1%28 Sept 2020

Working-capital effect

What a 32-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 32-day vs a 1-day payment cycle.

≈ £12,500
of invoicing outstanding at any one time on a 32-day cycle — about £12,200 more than the same account would carry at 1-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 has moved about 11 days slower over the window (21 → 32 days).
What's their typical pay point?
Their latest reports average around day 32, moving within about ±9 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 Monzo Bank Limited (free)

Their next payment report is due ≈ 27 Oct 2026. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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

Report PL-09446231 · latest period to 31 Mar 2026

Verify the original Companies House file

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