Industry ranking
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.
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.
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.
| 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 Oct 2022 - 30 Sept 2023 | 12 Sept 2024 | 47 | 26% | 58% | 17% | 15% |
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Terms are end of month following invoice, our longest payment term two months after invoice which is approximately 60 days.
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
60
Any disputes will be handled between the Accounts Payable Manager, Procurement and Appropriate Director.
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
Centaur Services Limited is the registered entity trading as MWI Animal Health UK, part of the Cencora group. It supplies veterinary practices across the UK with wholesale animal health products, including medicines and essential supplies, from two licensed warehouses. Alongside wholesale distribution, it offers practice management technology, buying group arrangements that negotiate discounts with manufacturers and service providers, and business support services such as staff education and practice start-up advice. The company describes itself as providing solutions to help veterinary practices manage costs, technology and administration, allowing them to focus on animal care. Its registered office is in Castle Cary, Somerset, and it has been incorporated since 1964.
Generated from the company's website and Companies House records. Sources: mwiah.co.uk