CENTAUR SERVICES LIMITED
Company Information
- Company Number
- 00787385
- Registered Address
- Centaur House, Torbay Road, Castle Cary, Somerset , BA7 7EU
- Status
- Active
- Employee Count
- 478
- Turnover
- £418,056,000
- EBITDA
- £6,473,000
Additional Details
- Website
- https://mwiah.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 9 January 1964
- Nature of Business
- 75000 - Veterinary activities
- Industries
- Environment,Agriculture And Waste
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for CENTAUR SERVICES LIMITED to pay invoices has increased over the past three periods, from 46 days in 2016-2017 to 57 days in 2019-2020. This indicates a trend of slower invoice payments.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated over the past three periods, with a decrease from 16% in 2016-2017 to 2% in 2019-2020. This indicates a high level of volatility in this aspect of invoice payments for CENTAUR SERVICES LIMITED.
Summary Analysis
On average, CENTAUR SERVICES LIMITED takes 57 days to pay invoices, with 2% of invoices being paid within 30 days, 81% being paid between 31 and 60 days, and 17% being paid later than 60 days. Additionally, 49% of invoices are not paid within agreed terms. There has been a trend of slower invoice payments and an increase in the percentage of invoices paid later than 60 days and not paid within agreed terms.
Performance Reports History
| 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 Apr 2018 - 30 Sept 2018 | 08 Nov 2018 | 53 | 6% | 77% | 17% | 47% |
| 01 Oct 2016 - 30 Sept 2017 | 26 Apr 2018 | 46 | 16% | 74% | 10% | 39% |
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
45
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The 47% of invoices paid outside of terms includes those in dispute and so not due under full company terms and conditions. Of the 47%, 47% are paid within 5 days of the due date and 63% within 10 days.
Maximum contractual payment period agreed
55
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to both party’s satisfaction prior to payment being made. Invoice queries are dealt with in the first instance by the Accounts Payable Department. The Accounts Payable team leader and Finance Manager review follow up activities on outstanding queries each week. An escalation process is in place whereby items not satisfactorily resolved in the first instance are elevated to the Group Financial Accountant and ultimately to the Group Finance Director.
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.
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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?
❌
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
Centaur Services Limited is a UK-based company that specializes in providing sustainable solutions for the medical and healthcare industry. They offer a range of products and services that are environmentally friendly and socially responsible. The company is committed to promoting sustainability and reducing their carbon footprint through their operations.
One of the main activities of Centaur Services Limited is the distribution of medical and healthcare products to hospitals, pharmacies, and care homes. They have a wide range of products that are sourced from ethical and sustainable suppliers. These products include medicines, medical equipment, and personal care items.
Centaur Services Limited also has a strong focus on sustainability in their own operations. They have implemented several initiatives such as using electric vehicles for transportation, reducing packaging waste, and promoting energy-efficient practices in their warehouses. They are also working towards achieving a zero-waste goal by recycling and repurposing materials.
The company's sustainability program also extends to their employees and the community. They have a responsible sourcing policy that ensures fair treatment of workers and supports local communities. They also encourage their employees to volunteer and participate in environmental and social projects.
The key people at Centaur Services Limited include the CEO, Mark Salter, and the Managing Director, Andrew Fearnley. They lead a team of dedicated professionals who are committed to promoting sustainability in the healthcare industry.
To learn more about Centaur Services Limited and their sustainability efforts, interested parties can visit their website at www.centaur.co.uk. The registered office address of the company is Centaur House, Ancells Business Park, Harvest Crescent, Fleet, Hampshire, GU51 2UZ, United Kingdom.
