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                                UNITED STATES
                            Washington, D.C. 20549

                                 FORM 12b-25

                        Commission File Number 000-26489

                          NOTIFICATION OF LATE FILING

(Check One)  [X] Form 10-K  [ ] Form 20-F  [ ] Form 11-K  [ ] Form 10-Q  
             [ ] Form N-SAR

                 For Period Ended: December 31, 1999  
                 [  ]     Transition Report on Form 10-K
                 [  ]     Transition Report on Form 20-F
                 [  ]     Transition Report on Form 11-K
                 [  ]     Transition Report on Form 10-Q
                 [  ]     Transition Report on Form N-SAR
                 For the Transition Period Ended:____________________________

   Nothing in this form shall be construed to imply that the Commission has
                  verified any information contained herein.
    If the notification relates to a portion of the filing checked above,
           identify the item(s) to which the notification relates:


MCM Capital Group, Inc.
Full Name of Registrant

Former Name if Applicable

4302 E. Broadway Road
Address of Principal Executive Office (Street and Number)

Phoenix, Arizona 85404
City, State and Zip Code

PART II - RULES 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed.  (Check box if appropriate.)

         (a)     The reasons described in reasonable detail in Part III of this
                 form could not be eliminated without unreasonable effort or

 [X]     (b)     The subject annual report, semi-annual report, transition
                 report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
                 thereof, will be filed on or before the 15th calendar day
                 following the prescribed due date; or the subject quarterly
                 report or transition report on Form 10-Q, or portion thereof
                 will be filed on or before the fifth calendar day following
                 the prescribed due date; and

         (c)     The accountant's statement or other exhibit required by Rule
                 12b-25(c) has been attached if applicable.


State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed period.  (Attach Extra Sheets if Needed)

MCM Capital Group, Inc. (the "Company") could not complete the electronic filing
of its Annual Report on Form 10-K for the year ended December 31, 1999 (the
"Form 10-K") by the prescribed filing date of 5:30 p.m. EST on March 30, 2000
without unreasonable effort or expense as a result of the following:

The Company's $15 million working capital facility is currently scheduled to
mature on April 15, 2000. The Company is presently in negotiations with its
lender to extend this maturity to April 15, 2001 and believes the extension will
be completed in less than one week. The availability of this working capital
facility is integral to discussions and disclosures within the Liquidity and
Capital Resources section and other sections of the Form 10-K in order that
those discussions and disclosures not be misleading.

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(1)      Name and telephone number of person to contact in regard to this

             R. Brooks Sherman              602                 707-0211
         --------------------------     -----------        ------------------
                  (Name)                (Area Code)        (Telephone Number)

(2)      Have all other periodic reports required under Section 13 or 15(d) of
         the Securities Exchange Act of 1934 or Section 30 of the Investment
         Company Act of 1940 during the preceding 12 months or for such shorter
         period that the registrant was required to file such report(s) been
         filed?  If the answer is no, identify report(s).
                                                                [X] Yes   [ ] No
(3)      Is it anticipated that any significant change in results of operations
         from the corresponding period for the last fiscal year will be
         reflected by the earnings statements to be included in the subject
         report or portion thereof?                             [X] Yes   [ ] No
         If so, attach an explanation of the anticipated change, both
         narratively and quantitatively, and, if appropriate, state the reasons
         why a reasonable estimate of the results cannot be made.

         See Annex A attached hereto.

                            MCM CAPITAL GROUP, INC.
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date: March 30, 2000                 By: /s/ R. Brooks Sherman   
                                        R. Brooks Sherman
                                        Executive Vice President and Chief
                                          Financial Officer

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                                    ANNEX A

For the reasons stated in Part III to this Form 12b-25, the Company's Form 10-K
for the year ended December 31, 1999 cannot be filed by the prescribed date of
5:30 p.m. EST on March 30, 2000. The Company expects to report in its Form 10-K
(i) revenues of $28.2 million in 1999 compared with $26.9 million in 1998, (ii)
operating expenses of $26.3 million in 1999 compared with $11.4 million in 1998
and (iii) net loss of $0.1 million in 1999 compared with net income of $7.4
million in 1998. 

The revenues are higher in 1999 compared with 1998 principally due to an
increase in income from retained interest and servicing fees and related income
offset by a decrease in income from receivable portfolios and a decrease in gain
on sales of receivable portfolios. The increase in operating expenses in 1999
compared with 1998 is due primarily to an increase in salaries, employee
benefits and occupancy costs as a result of the Company's continued growth of
its Phoenix facility which opened in February 1998. The decrease in net income
in 1999 compared to 1998 is due to (i) the decrease in gain on sale of
receivable portfolios as result of the Company's 1998 securitization and (ii)
the increased costs associated with the Company's growth in Phoenix.