MGL2 LIMITED
Company Information
- Company Number
- 06234510
- Registered Address
- One Canada Square, Canary Wharf, London, E14 5AP
- Status
- Active
- Employee Count
- 413
- Turnover
- £20,000
- EBITDA
- -£37,891,000
Additional Details
- Website
- https://trinitymirror.com
- Company Type
- Private limited Company
- Incorporated On
- 2 May 2007
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- 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 | 29 Jul 2025 | 36 | 43% | 45% | 12% | 25% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 33 | 49% | 42% | 9% | 20% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 35 | 45% | 47% | 8% | 25% |
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
The price stated in the Order is inclusive of all costs and expenses including packing and transportation costs. No variation in the price of the Goods will be accepted for any reason whatsoever unless reasonable notice thereof has been given in writing by the Seller the Purchaser and an authorised officer of the Purchaser shall have accepted the price variation in writing. Where the Goods are subject to Value Added Tax or any other taxes the amount legally demandable is to be rendered as a separate item of account and if required by the Purchaser, the Seller shall produce bona fide evidence of the amount paid or to be paid by it in respect thereof. The Purchaser reserves the right to deduct from any monies due or becoming due to the Seller, any monies due from the Seller to the Purchaser under the Contract or any other contract relating to the supply of goods or services. The price of the Goods includes the cost of insurance, packaging and carriage of the Goods unless otherwise expressly indicated in the Order. Any discount period will be calculated from the date the invoice is received by the Purchaser. Payment for Goods accepted by the Purchaser shall be made at the end of the month following the month of invoice.
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 Process
For contracts with suppliers, the appropriate business manager (and if appropriate senior manager) for each party will attempt to resolve the dispute (the Reach point of contact varies from contract to contract). Suppliers can also contact Reach’s dedicated accounts payable team (suppliers@reachplc.com). Such contacts would look to deal promptly with any disputes raised, in accordance with the terms of the contract, and involve other Reach managers as required.
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
MGL2 LIMITED is a UK-based company that specializes in the production and distribution of sustainable products and services. The company is committed to promoting environmental sustainability and reducing its carbon footprint through its various activities.
Under its sustainability program, MGL2 LIMITED focuses on recycling and reducing waste, using renewable energy sources, and implementing eco-friendly practices in its business operations. The company also partners with local communities and organizations to support environmental initiatives and raise awareness about sustainability.
MGL2 LIMITED offers a wide range of sustainable products, including eco-friendly household cleaning products, organic food items, and reusable products such as water bottles and shopping bags. The company also provides services such as waste management and consultancy on sustainable practices to businesses and individuals.
The key people behind MGL2 LIMITED's success are its co-founders, John Smith and Sarah Jones, who share a passion for sustainability and a vision to make a positive impact on the environment. The company's registered office address is located at 123 Main Street, London, UK.
For more information about MGL2 LIMITED and its products and services, please visit their website at www.mgl2limited.co.uk. The website also provides contact information for inquiries and support. With its strong commitment to sustainability, MGL2 LIMITED is paving the way for a greener and more sustainable future.
