MM6 LIMITED
Company number: SC554085
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
29 October 2026
Approved by:
Andrew Miles
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 32 days
Total value paid:
- within 30 days: £24,050,132 (93%)
- in 31 to 60 days: £858,132 (3%)
- in 61 days or more: £927,660 (4%)
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 16%
- in 61 days or more: 6%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,785,792
- payments due in the reporting period which have not been paid within the agreed period: 7%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
30 days
Standard payment terms
30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
Invoice date has been used as a proxy for receipt date as this is the only date we track in our general ledger. For this reporting, we have therefore calculated our time to pay invoices from the invoice date, even though we may not have actually received the invoice until several days after that. If our payment performance was calculated from when we received the invoices, it would therefore be more favourable than shown in this reporting.
Dispute resolution process
We have an escalation process in place . We would email initially and if we have an unresolved dispute or do not receive the relevant delivery documents in time (if relevant), we escalate to the relationship manager to try and get engagement.
For this reporting, we have calculated our time to pay invoices from the invoice date, even though we may resolve disputes and queries several days after that. If our payment performance was calculated from when we resolved disputes and queries, it would therefore be more favourable than shown in this reporting.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No