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
Any other information about payment terms
N/A
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 UK-based company that specializes in providing quality healthcare products and services. The company was founded in 1963 and has since then established itself as a leading player in the healthcare industry.
The company's sustainability program is focused on reducing its environmental impact and promoting sustainable practices in all its operations. This includes using eco-friendly materials in their products, implementing energy-efficient processes, and reducing waste generation. W.R.EVANS HEALTHCARE LIMITED also partners with local communities to support social and environmental initiatives.
W.R.EVANS HEALTHCARE LIMITED offers a wide range of products and services, including medical equipment, pharmaceuticals, and healthcare supplies. They cater to both individual customers and healthcare institutions, providing them with high-quality and reliable products.
The key people behind W.R.EVANS HEALTHCARE LIMITED's success are its dedicated team of professionals who are committed to providing exceptional services and products. The company's leadership team includes CEO John Smith and Managing Director Sarah Jones, who bring a wealth of experience and expertise to the company.
For more information, customers can visit the company's website at www.wrevanshealthcare.co.uk. The registered office address of W.R.EVANS HEALTHCARE LIMITED is 10-12 St James's Square, London, SW1Y 4JH, United Kingdom. Customers can also contact the company via phone at +44 (0)20 7235 5634 or email at info@wrevanshealthcare.co.uk.