CONVATEC LIMITED

PaymentCheck Score 2024
59Fair
2.4vs last year
#3807 in UK
#57 in Wales

Company Information

Company Number
01309639
Registered Address
Gdc First Avenue, Deeside Industrial Park, Deeside, Flintshire, CH5 2NU
Status
Active
Employee Count
1,034
Turnover
£225,173,000
EBITDA
£42,010,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 April 1977
Nature of Business
32500 - Manufacture of medical and dental instruments and supplies
Industries
Coming Soon
Region
Wales

Time to Pay

Average Time to Pay
39 days
Shortest Period:1 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
45%
31-60 Days
46%
After 60 Days
9%
Not Paid Within Terms44%

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: 2025-01-29
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 202429 Jan 20253945%46%9%44%
01 Jan 2024 - 30 Jun 202429 Jul 20243947%44%9%48%
01 Jan 2023 - 30 Jun 202331 Jul 20233843%46%11%53%
01 Jan 2022 - 30 Jun 202229 Jul 20223549%37%13%13%
01 Jul 2021 - 31 Dec 202128 Jan 20223355%41%4%4%
01 Jan 2021 - 30 Jun 202129 Jul 20213549%43%8%17%
01 Jan 2020 - 30 Jun 202029 Jul 20203648%43%9%18%
01 Jul 2019 - 31 Dec 201929 Jan 20203549%45%6%13%
01 Jan 2019 - 30 Jun 201922 Jul 20193646%47%7%12%
01 Jul 2018 - 31 Dec 201829 Jan 20193643%50%7%14%
01 Jan 2018 - 30 Jun 201827 Jul 20183638%51%11%21%

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

The Company’s standard terms are 60 days, unless agreed otherwise. The Company makes payment via BACS, twice weekly of all cleared invoices due for payment that working week.

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

90

Dispute Resolution Process

Queries and follow-ups should be sent to AccountsPayable@convatec.com. If you fail to receive an adequate response, please contact the individual who engaged for the goods or services. For further details see http://supplierlink.convatec.com/

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

CONVATEC LIMITED is a healthcare company that specializes in the development and manufacture of medical products and services. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.

The company's sustainability program includes efforts to reduce waste, increase energy efficiency, and promote responsible sourcing and production. They also have a focus on community engagement and supporting charities and organizations that align with their values.

CONVATEC LIMITED offers a wide range of products and services in the areas of wound therapeutics, ostomy care, continence and critical care, and infusion devices. These products are designed to help improve the quality of life for patients with chronic conditions.

The key people at CONVATEC LIMITED include CEO Karim Bitar, who has a background in healthcare and has been with the company since 2018. The company's registered office address is in Reading, UK.

For more information on their products and sustainability initiatives, you can visit their website at www.convatec.com. They also have a customer service hotline available for inquiries and support. Overall, CONVATEC LIMITED is dedicated to providing high-quality healthcare solutions while also prioritizing sustainability and giving back to the community.

Financial Metrics

Cash
£109,000
Net Worth
£179,757,000
Total Current Assets
£158,012,000
Total Current Liabilities
£61,057,000

Company Location