GE HEALTHCARE LIMITED

PaymentCheck Score 2024
59Fair
#3711 in UK
#51 in Life Sciences And Medical Technology
#616 in South East

Company Information

Company Number
01002610
Registered Address
Pollards Wood, Nightingales Lane, Chalfont St. Giles, Buckinghamshire, United Kingdom, HP8 4SP
Status
Active
Employee Count
435
Turnover
£132,328,000
EBITDA
£128,510,000

Additional Details

Company Type
Private limited Company
Incorporated On
16 February 1971
Nature of Business
21100 - Manufacture of basic pharmaceutical products
Industries
Life Sciences And Medical Technology
Region
South East

Time to Pay

Average Time to Pay
39 days
Shortest Period:30 days
Longest Period:120 days
Max Contractual:150 days

Payment Timeline

Within 30 Days
49%
31-60 Days
30%
After 60 Days
21%
Not Paid Within Terms60%

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: 2025-01-28
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 202428 Jan 20253949%30%21%60%
01 Jan 2024 - 30 Jun 202429 Jul 20243162%20%18%53%
01 Jul 2021 - 31 Dec 202128 Jan 20225936%28%36%40%
01 Jan 2021 - 30 Jun 202129 Jul 20215735%29%36%36%
01 Jan 2020 - 30 Jun 202029 Jul 20207222%25%53%54%
01 Jan 2019 - 30 Jun 201929 Jul 20195254%13%33%26%
01 Jul 2018 - 31 Dec 201828 Jan 20194258%16%26%25%
01 Jan 2018 - 30 Jun 201826 Jul 20184254%16%31%26%

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

30 days is for individual healthcare professionals, 90 days for other vendors.

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

150

Dispute Resolution Process

Accounts Payable and staff escalate any disputes to sourcing team who engage supplier to establish agreed terms.

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

GE Healthcare Limited is a leading global healthcare company that provides a wide range of products and services to improve patient care. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

One of the main activities of GE Healthcare Limited is the development and production of advanced medical technologies, including diagnostic imaging systems, monitoring equipment, and healthcare IT solutions. These products help healthcare providers improve accuracy, efficiency, and patient outcomes.

In addition to its products, GE Healthcare Limited also offers a range of services such as consulting, training, and maintenance to support its customers and ensure the optimal use of its technologies.

The company's sustainability program focuses on reducing its carbon footprint, conserving resources, and promoting a circular economy. This includes initiatives such as reducing energy consumption, minimizing waste, and using eco-friendly materials in its products and packaging.

Key people at GE Healthcare Limited include President and CEO Kieran Murphy, Chief Sustainability Officer Linda Boff, and Chief Technology Officer Amit Phadnis.

The company can be contacted through its website (www.gehealthcare.com) or its registered office address at Pollards Wood, Nightingales Lane, Chalfont St Giles, Buckinghamshire, HP8 4SP, United Kingdom.

Overall, GE Healthcare Limited is a leading player in the healthcare industry, with a strong commitment to sustainability and a wide range of high-quality products and services.

Financial Metrics

Cash
£63,000
Net Worth
£481,780,000
Total Current Assets
£718,066,000
Total Current Liabilities
£169,079,000

Company Location