BRITISH MEDICAL ASSOCIATION

PaymentCheck Score 2025
89Good
1.7vs last year
#952 in UK
#432 in London

Company Information

Company Number
00008848
Registered Address
Bma House British Medical Association, Tavistock Square, London, WC1H 9JP
Status
Active
Employee Count
1,070
Turnover
£156,773,000
EBITDA
£10,286,000

Additional Details

Company Type
Private company limited by guarantee without share capital
Incorporated On
21 October 1874
Nature of Business
74909 - Other professional, scientific and technical activities not elsewhere classified
94200 - Activities of trade unions
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
21 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
91%
31-60 Days
6%
After 60 Days
3%
Not Paid Within Terms22%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20252292%6%2%22%
01 Jan 2024 - 30 Jun 202430 Jul 20242194%5%1%20%
01 Jan 2023 - 30 Jun 202325 Jul 20232191%8%2%27%
01 Jan 2022 - 30 Jun 202225 Jul 20222192%7%1%25%
01 Jan 2021 - 30 Jun 202127 Jul 20212194%6%0%23%
01 Jan 2020 - 30 Jun 202027 Jul 20201294%6%0%18%
01 Jan 2019 - 30 Jun 201929 Jul 20191095%5%0%16%
01 Jul 2018 - 31 Dec 201825 Jan 2019895%5%0%15%
01 Jan 2018 - 30 Jun 201802 Aug 2018995%5%0%16%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

30 days Net

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

Dispute Resolution Process

First point of contact for disputes is the Purchase ledger Team or the invoice owner. Escalation of queries via Group Financial Controller.

Other Payment Information

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.

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.

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.

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?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

The British Medical Association (BMA) is a professional association for doctors and medical students in the United Kingdom. It was founded in 1832 and is headquartered in London.

The BMA is dedicated to promoting the medical profession and improving healthcare for patients. It provides a range of services and support for its members, including contract negotiations, legal advice, training, and representation.

One of the key activities of the BMA is its sustainability program, which aims to reduce the environmental impact of healthcare and promote sustainable practices within the medical profession. This includes initiatives such as reducing single-use plastics, promoting energy efficiency, and advocating for sustainable procurement practices.

The BMA also offers a variety of products and services to its members, including publications, online resources, and events. These resources cover a wide range of topics such as medical ethics, professional development, and healthcare policy.

The BMA is led by a team of key people, including the Chair of Council, Dr. Chaand Nagpaul, and the Chief Executive, Dr. David Wrigley. They work closely with the BMA Council, which is made up of elected representatives from different branches of the medical profession.

For more information on the BMA and its activities, members can visit their website at www.bma.org.uk. The BMA's registered office address is BMA House, Tavistock Square, London WC1H 9JP.

Financial Metrics

Cash
£51,784,000
Net Worth
£199,240,000
Total Current Assets
£78,973,000
Total Current Liabilities
£65,432,000

Company Location