THE MEDICAL PROTECTION SOCIETY LIMITED
Company Information
- Company Number
- 00036142
- Registered Address
- Level 19, The Shard, 32 London Bridge Street, London, United Kingdom, SE1 9SG
- Status
- Active
- Employee Count
- 1,047
- Turnover
- £282,015,000
- EBITDA
- -£830,000
Additional Details
- Website
- https://educationatmps.com/
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 31 March 1892
- Nature of Business
- 94120 - Activities of professional membership organisations
- Industries
- Healthcare And Wellbeing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 28 Jul 2025 | 39 | 56% | 27% | 17% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 37 | 55% | 30% | 15% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 34 | 54% | 30% | 16% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 44 | 41% | 35% | 22% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 39 | 50% | 34% | 16% | 50% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 32 | 62% | 29% | 9% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 31 | 68% | 24% | 8% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 25 | 79% | 17% | 4% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 27 | 70% | 20% | 10% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 23 | 72% | 14% | 14% | 3% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment of approved invoice occurs when goods or services are confirmed to have been received; usually payment will occur on the next available payment run (which are produced every fortnight). Example; invoice dated 1st July, received 2nd July – fully approved by the 3rd July – this would be available to pay on next available payment run, so could feasibly be paid within 7 days of receipt. MPS does not hold authorised invoices until a set “due” date. As the statistics display, average payment term is 44 days but many invoices will be paid well within this timeframe. The majority of contracts sit within our “standard” term of 30 days for payment. Only disputed or unauthorised invoices would exceed this deadline (or where goods/services have not been received). Please also see Dun & Bradstreet report (reference 22-709-2806) trade payment information, which provides some further analysis of spend summary
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
MPS operates a Purchase Order process for operational spend. We have an automated system that generates a Purchase Order number upon approval of spend by the relevant departmental approvers. This PO number is given to the Supplier to quote on their invoice. Any disputes are handled by the order originator at MPS. For non-operational spend (payment of defence costs and other legal related spend) does not utilise a Purchase Order, but instead a unique case reference is quoted by the Supplier (usually a legal firm). Each case is handled by a Claims Manager or Case Handler, who are responsible for spend on that file. Any disputes on these invoices are dealt with by that individual who will liaise directly with the fee earner they instructed to perform work on our behalf (or liaise with 3rd parties for other legal spend).
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
The Medical Protection Society Limited is a global organization that provides professional indemnity to healthcare professionals and institutions. They have been in operation for over 130 years and have a strong focus on sustainability.
Their sustainability program includes initiatives such as reducing their carbon footprint, promoting recycling and waste reduction, and supporting local communities through charitable donations. They also encourage their members to adopt sustainable practices in their own workplaces.
The society offers a range of products and services to their members, including indemnity insurance, legal advice and representation, risk management training, and support for medico-legal issues. They also provide guidance on ethical and professional standards for healthcare professionals.
The key people at the Medical Protection Society include the Chief Executive Officer, Simon Kayll, and the Chairman of the Board, Dr. Helen McArdle. They have a team of experienced professionals who work to provide support and guidance to their members.
Their website address is www.medicalprotection.org, where members can access a range of resources and information. The registered office address is 33 Cavendish Square, London, W1G 0PS, United Kingdom.
In summary, the Medical Protection Society Limited is a leading organization that provides professional indemnity and support to healthcare professionals. With a strong focus on sustainability and a range of products and services, they are dedicated to supporting their members and promoting ethical and professional standards in the healthcare industry.
