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 May 2023 - 31 Oct 2023 | 03 Jan 2024 | 48 | 25% | 31% | 44% | 32% |
| 01 Nov 2022 - 30 Apr 2023 | 20 May 2023 | 53 | 23% | 29% | 48% | 36% |
| 01 May 2022 - 30 Oct 2022 | 20 May 2023 | 51 | 22% | 44% | 34% | 26% |
| 01 Nov 2021 - 30 Apr 2022 | 20 May 2023 | 47 | 20% | 59% | 22% | 18% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 48 | 20% | 55% | 25% | 20% |
| 01 Nov 2020 - 30 Apr 2021 | 30 May 2021 | 49 | 15% | 57% | 29% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms are to pay suppliers within 45 days from the end of the month in which we receive the relevant invoice from the supplier and this has been validated by the site receiving the supplies. We will always try to trade on these terms with all suppliers, except where there are material circumstances and businesses with unique products/services or where identified as vital to the business are offered more favourable terms to alleviate cash flow issues
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
90
Where there are complaints from suppliers about payment our central accounts payable team can provide an initial update. If an invoice is in query or under review they would advise the supplier of this and endeavour to assist with resolving the issue. The most common reasons for invoices in query are awaiting site confirmation and delivery status
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
MMCG (2) Limited is registered under the SIC code for residential care activities for the elderly and disabled. Companies House records show it holds leasehold interests in numerous named care and nursing homes across England, including centres known as Ashmead, Windmill, Blenheim, Heritage, Eltandia Hall, Knights Court, Kingscourt, Riverview and Coplands, as well as a former hospital site at Langdon, Dawlish. Multiple registered charges over these leasehold care home premises are held by property finance parties including Aedifica UK Limited. The company files group accounts, indicating it forms part of a wider corporate group operating within the residential elderly and disabled care sector rather than trading solely as a standalone care provider.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk