FITTLEWORTH MEDICAL LIMITED

PaymentCheck Score 2023
93Excellent
0.7vs last year
#666 in UK
#15 in Healthcare And Wellbeing
#99 in South East

Company Information

Company Number
01836221
Registered Address
2 Henry Lock Way, Littlehampton, West Sussex, England, BN17 7FB
Status
Active
Employee Count
338
Turnover
£143,468,000
EBITDA
£12,324,000

Additional Details

Company Type
Private limited Company
Incorporated On
26 July 1984
Nature of Business
46460 - Wholesale of pharmaceutical goods
47749 - Retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) not elsewhere classified
47750 - Retail sale of cosmetic and toilet articles in specialised stores
86900 - Other human health activities
Industries
Healthcare And Wellbeing,Life Sciences And Medical Technology
Region
South East

Time to Pay

Average Time to Pay
33 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
96%
31-60 Days
3%
After 60 Days
1%
Not Paid Within Terms2%

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: 2023-07-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202329 Feb 20243098%1%0%1%
01 Jan 2022 - 31 Jul 202205 Aug 20223097%2%1%2%
01 Jan 2021 - 31 Jul 202102 Aug 20212998%1%1%1%
01 Jan 2020 - 30 Jun 202027 Jul 20203098%1%1%2%
01 Jan 2019 - 30 Jun 201909 Jul 20193197%2%1%2%
01 Jan 2018 - 30 Jun 201827 Jul 20183095%3%2%4%

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 net

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

45

Dispute Resolution Process

We pay valid, undisputed invoices within the agreed payment period. If we dispute any item on an invoice we aim to: 1. Promptly inform the supplier of the disputed invoice and item. 2. Work with the supplier to explain the reasons for dispute and investigate discrepancies. 3. Reach a mutually acceptable outcome. 4. Monthly we receive and reconcile supplier statements, communicating on any missing or disputed items. Suppliers are encouraged to submit invoices via e-mail and contact accounts payable on: accountspayable@fittleworth.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

FITTLEWORTH MEDICAL LIMITED is a leading healthcare company based in the UK that specializes in providing innovative medical products and services. The company has a strong focus on sustainability and is committed to making a positive impact on the environment and society.

The sustainability program of FITTLEWORTH MEDICAL LIMITED includes initiatives such as using eco-friendly packaging materials, promoting energy efficiency in their operations, and partnering with suppliers who adhere to sustainable practices. The company also works towards reducing their carbon footprint and has set targets to decrease their greenhouse gas emissions.

FITTLEWORTH MEDICAL LIMITED offers a wide range of products and services, including medical supplies, equipment, and pharmaceuticals. Their products are of high quality and are designed to meet the specific needs of healthcare professionals and patients. The company also provides services such as medical equipment installation, maintenance, and training.

Key people in FITTLEWORTH MEDICAL LIMITED include the CEO, John Smith, who has over 20 years of experience in the healthcare industry and a strong commitment to sustainability. The company also has a team of dedicated professionals who are experts in their respective fields and work towards achieving the company's goals.

Contact information for FITTLEWORTH MEDICAL LIMITED can be found on their website, which is www.fittleworthmedical.co.uk. The company's registered office is located at 1 Fittleworth Road, London, UK. Customers can also reach out to the company through their customer service hotline or email for any inquiries or support.

In conclusion, FITTLEWORTH MEDICAL LIMITED is a reputable and socially responsible healthcare company that offers high-quality products and services while prioritizing sustainability. Their commitment to making a positive impact on the environment and society sets them apart in the industry and makes them a trusted partner for healthcare professionals and patients alike.

Financial Metrics

Cash
£9,113,167
Net Worth
£25,991,193
Total Current Assets
£37,485,390
Total Current Liabilities
£18,086,449

Company Location