The data for MMC UK GROUP LIMITED shows a steady increase in the average time to pay invoices over the past five periods. From 2018-2019, the average time to pay increased by 0.3 days. This trend continues in 2020, where the average time to pay increased by another 0.3 days. However, there was a slight improvement in 2021, with the average time to pay decreasing by 0.1 days compared to the previous period. Overall, there has been an increase of 0.5 days in the average time to pay over the past five periods.
The data for MMC UK GROUP LIMITED shows a relatively stable pattern in the percentage of invoices paid within 30 days, with only a slight decrease of 0.2% in 2021 compared to the previous year. The percentage of invoices paid between 31 and 60 days has also remained relatively stable, with a slight decrease of 0.1% in 2020 compared to the previous year. However, there has been a noticeable increase in the percentage of invoices paid later than 60 days, with a jump of 0.4% in 2021 compared to the previous year. This indicates a potential issue with delayed payments for suppliers.
The data for MMC UK GROUP LIMITED shows a consistent trend of increasing average time to pay invoices over the past five periods. There has been a slight improvement in 2021, but overall there has been an increase of 0.5 days in the average time to pay. This is potentially concerning as it could indicate a potential cash flow issue or a delay in processing payments. Additionally, there has been a noticeable increase in the percentage of invoices paid later than 60 days, which could have a negative impact on supplier relationships and potentially lead to late fees or penalties.
| 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 2023 - 31 Dec 2023 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 |
MMC UK Group Limited is a holding company registered in London, previously known as Marsh UK Group Limited and, before that, Areaclear Limited. It has no trading activity of its own and is classified under Companies House as an activities of other holding companies entity. It sits within the corporate structure of Marsh & McLennan Companies, being controlled by Marsh & McLennan Companies UK Limited and MMC International Limited, and holds stakes in numerous UK subsidiaries including Marsh Limited, Mercer Limited and Oliver Wyman Limited, which operate in insurance broking, risk management and consulting. The company itself functions purely as an intermediate holding entity within this wider group.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk