SIMPLYHEALTH ACCESS

PaymentCheck Score 2024
100Excellent
vs last year
#80 in UK
#22 in South East

Company Information

Company Number
00183035
Registered Address
Hambleden House, Waterloo Court, Andover, Hampshire, SP10 1LQ
Status
Active
Employee Count
0
Turnover
£213,300,000
EBITDA
-£29,000,000

Additional Details

Company Type
Private unlimited company
Incorporated On
11 July 1922
Nature of Business
86900 - Other human health activities
Industries
Coming Soon
Region
South East

Time to Pay

Average Time to Pay
2 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

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: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202431 Jan 20252100%0%0%0%
01 Jan 2024 - 30 Jun 202430 Jul 20242100%0%0%0%
01 Jan 2023 - 30 Jun 202303 Aug 20232100%0%0%0%
01 Jul 2020 - 31 Dec 202029 Jan 20212100%0%0%0%
01 Jul 2019 - 31 Dec 201931 Jan 20201797%3%0%6%
01 Jul 2018 - 31 Dec 201828 Jan 20191595%4%1%9%
01 Jan 2018 - 30 Jun 201823 Jul 20182190%9%1%28%

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

Simplyhealth Access is a member of the Simplyhealth Group of companies. Simplyhealth Access’ standard payment terms are 30 days from receipt of invoice. In certain cases, individual agreements are in place with suppliers which have alternative payment terms. The standard 30 day period for payment is extended by any time taken addressing invoicing queries, where an invoice is incorrect or does not contain the information required, such as a valid purchase order reference.

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

At Simplyhealth, our purpose is strong and clear: Improving access to healthcare. We believe that keeping and earning the trust of our customers, and suppliers, is central to this purpose. We therefore endeavour to resolve all disputes in a fair and timely manner. Suppliers may initially raise disputes by e-mailing accountspayable@simplyhealth.co.uk. Disputes are co-ordinated by Simplyhealth’s central accounts payable team. In the first instance we will resolve disputes with negotiations between the authorised representatives of the parties. Any dispute that cannot be resolved through the accounts payable team can be escalated to the Head of Finance Operations & Systems and thereafter, if still unresolved, to the Group legal team. Following resolution, invoice payments are processed on a timely basis.

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

Simplyhealth Access is a leading health insurance provider in the UK, with a strong focus on sustainability and providing quality healthcare services to its members. The company was founded in 1872 and is headquartered in Bristol, UK.

Their sustainability program is a key aspect of their operations, as they strive to minimize their environmental impact and contribute to the well-being of the community. They have implemented various initiatives such as reducing their carbon footprint, promoting recycling and waste reduction, and supporting local charities and initiatives.

Simplyhealth Access offers a range of health insurance products and services to individuals and businesses, including dental, optical, and physiotherapy cover. They also have partnerships with over 20,000 healthcare professionals and providers, ensuring their members have access to high-quality care.

The company is led by a team of experienced professionals, including CEO Romana Abdin, who has been with the company since 2008. Their dedicated staff is committed to providing excellent customer service and ensuring their members have the best possible healthcare experience.

To contact Simplyhealth Access, individuals can visit their website at www.simplyhealth.co.uk or call their customer service line at 0344 844 9644. Their registered office address is Hambleden House, Waterloo Court, Andover, Hampshire, SP10 1LQ.

In summary, Simplyhealth Access is a well-established and sustainable health insurance provider in the UK, offering a range of products and services to its members. With a strong commitment to sustainability and a dedicated team, they continue to provide quality healthcare solutions to their customers.

Financial Metrics

Cash
£9,100,000
Net Worth
£171,000,000
Total Current Assets
£103,400,000
Total Current Liabilities
£25,300,000

Company Location