| 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 | 25 Jul 2025 | 37 | 70% | 20% | 10% | 33% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 37 | 75% | 16% | 9% | 28% |
| 01 Jan 2024 - 30 Jun 2024 | 27 Jul 2024 | 38 | 71% | 18% | 11% | 31% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 38 | 74% | 17% | 9% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Mar 2023 | 37 | 74% | 17% | 9% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and suppliers should include: the PO number (where relevant), M&G relevant contact, department code, bank details and payment instructions. Invoices issued without the above details may not be accepted and may be returned for amendment before being processed.
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
30
Suppliers that wish to dispute a payment received from M&G should contact the Accounts Payable team, ap.queries@mandg.com. The Accounts Payable team will consider the complaint and respond accordingly.
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
M&G Corporate Services Limited is a British company that provides a range of corporate services to businesses. Their sustainability program focuses on reducing their environmental impact and promoting social responsibility.
Their services include company incorporation, company secretarial services, and administration of employee share plans. They also offer accounting and tax advisory services, as well as corporate governance and compliance support.
M&G Corporate Services Limited is committed to sustainability and has implemented policies and practices to reduce their carbon footprint, such as using renewable energy sources, reducing waste, and promoting sustainable transportation options for their employees.
The company's key people include the Managing Director, who oversees the overall operations, and the Director of Sustainability, who is responsible for implementing and monitoring sustainability initiatives.
Their website address is www.mgcorporate.co.uk, where customers can learn more about their services and sustainability efforts. Their registered office address is 5 New Street Square, London EC4A 3TW, United Kingdom.
In summary, M&G Corporate Services Limited is a British company that offers a range of corporate services while prioritizing sustainability. Their commitment to reducing their environmental impact and promoting social responsibility sets them apart in the business world.