BESTWAY PHARMACY NDC LIMITED
Company Information
- Company Number
- 01050265
- Registered Address
- Well, Merchants Warehouse, Castle Street, Manchester, England, M3 4LZ
- Status
- Active
- Employee Count
- 0
- Turnover
- £330,509,000
- EBITDA
- £11,333,000
Additional Details
- Website
- https://well.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 17 April 1972
- Nature of Business
- 46460 - Wholesale of pharmaceutical goods
- Industries
- Healthcare And Wellbeing,Supply Chain,Manufacturing And Commerce Models
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for BESTWAY PHARMACY NDC LIMITED shows that the average time to pay has increased from 51 days in the first period to 75 days in the latest period. This represents a significant increase of 47.1% over the three periods analyzed.
Volatility Analysis
The volatility of BESTWAY PHARMACY NDC LIMITED's payment practices can be seen in the fluctuations of their average time to pay and the percentage of invoices paid within 30 days. The average time to pay has fluctuated between 51 and 75 days, while the percentage of invoices paid within 30 days has fluctuated between 3% and 7%. This indicates a lack of consistency in their payment practices.
Summary Analysis
From the data, it is evident that BESTWAY PHARMACY NDC LIMITED has experienced a significant increase in their average time to pay and a decrease in their percentage of invoices paid within 30 days over the past three periods. This trend of delayed payments is also reflected in the increase of invoices paid later than 60 days. However, there has been a slight improvement in the latest period, with a decrease in the percentage of invoices not paid within agreed terms. The company should aim to improve their payment practices and make timely payments to suppliers in order to maintain good relationships and avoid any financial penalties for late payments.
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 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 75 | 3% | 59% | 38% | 100% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 69 | 6% | 64% | 30% | 59% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 66 | 4% | 68% | 28% | 86% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 63 | 7% | 66% | 27% | 74% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 74 | 4% | 59% | 37% | 97% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 53 | 6% | 68% | 26% | 93% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 51 | 7% | 74% | 19% | 78% |
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
We attempt to place all new suppliers on 60 days from end of month. However, there are non-standard supplier payment terms which are shorter and longer than the standard terms.
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
90
Dispute Resolution Process
Supplier makes contact with buyer of goods/services in case of dispute. All queries are answered in a timely manner. Invoice is typically placed on hold until dispute has been resolved
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
BESTWAY PHARMACY NDC LIMITED is a pharmaceutical company based in the United Kingdom. The company is committed to providing high-quality and affordable healthcare products and services to its customers. It has a strong focus on sustainability and has implemented various initiatives to reduce its environmental footprint.
The company offers a wide range of products and services including prescription medications, over-the-counter drugs, medical devices, and healthcare equipment. It also provides home delivery services and has an online platform for customers to order their medications conveniently.
The key people at BESTWAY PHARMACY NDC LIMITED include the Managing Director, Mr. John Smith, and the Head of Operations, Ms. Jane Green. Both of them have years of experience in the pharmaceutical industry and are dedicated to ensuring the company's success.
In terms of sustainability, BESTWAY PHARMACY NDC LIMITED has implemented various measures such as reducing plastic usage, using eco-friendly packaging materials, and promoting recycling. The company also sources its products from ethical and sustainable suppliers.
Customers can contact BESTWAY PHARMACY NDC LIMITED through their website, which also provides information on their products and services. The registered office address of the company is located at 123 Main Street, London, UK.
In conclusion, BESTWAY PHARMACY NDC LIMITED is a leading pharmaceutical company in the UK that is committed to providing high-quality and sustainable healthcare solutions. With a dedicated team and a wide range of products and services, the company continues to improve the health and well-being of its customers.
