The average time to pay for W.R.EVANS HEALTHCARE LIMITED has increased over the past three periods, from 21 days in Dec 2017 to 26 days in May 2019. This indicates a trend of delayed payments to suppliers.
The company's volatility in paying invoices within 30 days has remained relatively stable, with a slight decrease from 69% in Dec 2017 to 65% in May 2019. However, there has been an increase in the percentage of invoices paid later than 60 days, from 4% in Dec 2017 to 7% in May 2019.
In the past three periods, W.R.EVANS HEALTHCARE LIMITED has experienced an increase in the average time to pay invoices, a decrease in the percentage of invoices paid within 30 days, and an increase in the percentage of invoices paid later than 60 days. The company has consistently had a standard payment period of 30 days.
| 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 Dec 2017 - 31 May 2018 | 29 Jun 2018 | 21 | 69% | 27% | 4% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days following the end of the month of the invoice date
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
61
Wholesalers - have their own processes which we have to follow in order to make any claims or query any purchases. This may include creating a credit claim sent to the customer service teams, which is done in store. Other suppliers - we have a team of purchase ledger staff who use a designated email address. They contact the person who placed the order for authorisation of all invoices. If this is in query, the person who placed the order will contact, by email, the company the invoice belonged to and the person they placed the order with.
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
W.R.Evans Healthcare Limited is a dormant company registered in England, incorporated in 1960. It previously traded as W.R.Evans (Chemist) Limited until 2016, indicating a historical pharmacy business, before adopting its current name. Companies House records list its nature of business as a dormant company, meaning it currently carries out no trading activity. It is majority owned by Pct Healthcare (Holdings) Limited, which holds 75% or more of its shares, indicating the entity now functions as part of a wider healthcare-related corporate group rather than as an independently operating pharmacy.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk