MGT Teesside Limited demonstrates a relatively fast average payment time of 23 days, with 78% of invoices settled within the standard 30-day window. However, the 21% of payments falling in the 31–60 day bracket indicates a recurring pattern of moderate delays affecting a significant portion of transactions. The 1% beyond 60 days suggests extreme late payment is rare, pointing to a broadly functional but inconsistent payment process.
The late payment rate of 42% is notably high relative to the 23-day average, indicating that while many payments are processed quickly, a substantial number deviate unpredictably from agreed terms. This discrepancy suggests MGT Teesside Limited's payment behaviour is inconsistent and difficult to forecast on an invoice-by-invoice basis. Suppliers should account for this volatility when managing cash flow expectations, as nearly half of all invoices will not be settled on time.
MGT Teesside Limited presents a moderate-to-elevated payment risk profile, driven primarily by the high late payment rate of 42% despite an acceptable average payment speed. Suppliers should consider implementing shorter payment terms or staged invoicing to reduce exposure to delayed settlements. Requesting upfront deposits or applying late payment interest clauses within contracts would serve as practical risk mitigation measures when engaging with this company.
| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 23 | 78% | 21% | 1% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days, different payment terms may be agreed as required. Payment runs are completed weekly, approved invoices with value <=£5k are paid on the payment run preceding (or on) their due date, approved invoices with value >£5k are paid on the payment run following (or on) their due date.
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
45
Upon receipt of any invoice, checks are carried out to ensure: It is correctly addressed to MGT Teesside, the supplier is approved and bank details have been provided and confirmed, if applicable there is an accompanying Purchase order with a matching value, any necessary back-up information is provided and the goods/services have been satisfactorily received. If any of those checks are not passed, the supplier will be contacted to rectify the issue(s). Once resolved the invoice will be paid on the next available weekly payment run.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MGT TEESSIDE LIMITED is a private limited company operating under a name that references the Teesside region of North East England. The company is registered and active in England, forming part of the broader business landscape serving commercial interests connected to the Teesside area.
The company was incorporated on 23 April 2008 and holds company registration number 06574235 with Companies House. Its registered office is located at 8 White Oak Square, London Road, Swanley, England, BR8 7AG, placing its administrative base in the South East of England.
As a private limited company registered in the UK, MGT TEESSIDE LIMITED operates within the framework of UK company law, with liability limited to the share capital of the organisation. Private limited companies of this type are a common and well-established business structure across all sectors of the UK economy, offering their directors and shareholders a defined legal and operational framework.
MGT TEESSIDE LIMITED has maintained an active status since its incorporation, representing over sixteen years of continuous registration with Companies House. Businesses registered under this structure are subject to annual filing requirements and regulatory obligations as set out by UK legislation.