Industry ranking
| 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 Jul 2025 - 31 Dec 2025 | 13 Jan 2026 | 23 | 70% | 29% | 1% | 24% |
| 01 Jan 2025 - 30 Jun 2025 | 13 Jul 2025 | 26 | 65% | 32% | 3% | 27% |
| 01 Jul 2024 - 31 Dec 2024 | 15 Jan 2025 | 26 | 66% | 31% | 3% | 28% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 26 | 63% | 35% | 2% | 24% |
| 01 Jul 2023 - 31 Dec 2023 | 12 Jan 2024 | 22 | 71% | 25% | 3% | 27% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 26 | 67% | 30% | 3% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 26 | 66% | 32% | 2% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Jul 2022 | 25 | 72% | 25% | 3% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 12 Jan 2022 | 25 | 70% | 27% | 3% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 09 Jul 2021 | 27 | 68% | 27% | 5% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 27 | 63% | 35% | 2% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Jul 2020 | 26 | 65% | 32% | 3% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 25 | 68% | 29% | 3% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Jul 2019 | 25 | 69% | 29% | 3% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 14 Jan 2019 | 28 | 63% | 33% | 4% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 04 Jul 2018 | 27 | 64% | 32% | 4% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment Terms We do not have any standard business terms with our suppliers. These are agreed on a case by case basis. The most common terms for our suppliers of goods for retail sale are either 30 days or payment at the end of the month following invoice date. We normally require suppliers to forward a monthly statement of amounts due. For other suppliers we pay within thirty days of invoice date. Where early settlement discounts are offered by a supplier our policy is to pay within the time required to obtain the discount. A number of our suppliers directly debit our bank account with the payments they require. It is therefore their responsibility to obtain payment within their payment terms. The vast majority of our ‘late’ payments are where suppliers have taken payment via direct debit later than the payment terms we have recorded for them. Dispute resolution Any dispute about our payment process should be addressed to the Directors and sent to the registered office at 39 Bedford Street South Leicester LE1 3JN. Alternatively, a complaint can be sent via our website mutual.uk.com Any dispute will be considered by a director who was not involved with the purchasing process.
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
60
Dispute resolution Any dispute about our payment process should be addressed to the Directors and sent to the registered office at 39 Bedford Street South Leicester LE1 3JN. Alternatively, a complaint can be sent via our website mutual.uk.com Any dispute will be considered by a director who was not involved with the purchasing process.
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
Mutual Clothing & Supply Company Ltd, trading as Mutual, is a Leicester based consumer credit provider offering home collected credit loans of between £100 and £1000, repayable weekly over 26 to 102 weeks. It is authorised and regulated by the Financial Conduct Authority and is a member of the Consumer Credit Trade Association. Alongside lending, it operates Mutual Retail, allowing customers to pay weekly for branded electrical goods and furniture, including home entertainment, household appliances, furniture and beds. Loans are arranged through local branches and agent representatives, with customers able to apply as new or existing borrowers and manage accounts by phone, email or branch visit.
Generated from the company's website and Companies House records. Sources: mutual.uk.com · mutual.uk.com