CORIN LIMITED
Company Information
- Company Number
- 01910453
- Registered Address
- Unit 1 Corinium Centre, Love Lane Industrial Estate, Cirencester, United Kingdom, GL7 1YJ
- Status
- Active
- Employee Count
- 407
- Turnover
- £64,198,000
- EBITDA
- -£8,241,000
Additional Details
- Website
- https://coringroup.com
- Company Type
- Private limited Company
- Incorporated On
- 1 May 1985
- Nature of Business
- 32500 - Manufacture of medical and dental instruments and supplies
- Industries
- Coming Soon
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 25 Jul 2025 | 67 | 38% | 47% | 15% | 93% |
| 01 Jul 2024 - 31 Dec 2024 | 09 Jan 2025 | 61 | 6% | 47% | 47% | 92% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 60 | 72% | 21% | 7% | 91% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 63 | 2% | 70% | 28% | 90% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Aug 2023 | 63 | 7% | 45% | 47% | 90% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Mar 2023 | 60 | 8% | 48% | 44% | 90% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Feb 2022 | 66 | 6% | 41% | 53% | 96% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Aug 2021 | 61 | 10% | 54% | 36% | 88% |
| 01 Jul 2020 - 31 Dec 2020 | 24 May 2021 | 45 | 32% | 42% | 25% | 57% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Aug 2020 | 53 | 26% | 36% | 38% | 68% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 40 | 42% | 38% | 20% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 64 | 10% | 44% | 45% | 89% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 60 | 15% | 47% | 38% | 88% |
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 standard payment is based on the average between the shortest and longest terms we do as a company, Some payments will vary month to month depending on when the payment run falls within that month and occasionally we have a legal invoice which would carry a paid on receipt of invoice payment term.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The invoices paid outside of agreed terms is impacted by our BACS run procedure. A BACS run is completed at the beginning of each month for all invoices due during the previous month, this means that a number of invoices are shown as paid late, including items late by just 1 day. Our procedure helps to capture invoices monthly in the payment run with a consistent payment pattern for suppliers. In an orthopaedics company it is very common for terms to be 60 days or longer therefore our average percentage for 60+ days is
Maximum contractual payment period agreed
121
Dispute Resolution Process
The first point of contact for disputes in Corin Limited is the purchasing department. They will work with the supplier and relevant department manager to solve the issue. Once the issues have been resolved, the supplier will need to provide any missing information or a corrected invoice before payment.
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
CORIN LIMITED is a British company that specializes in the design, manufacture, and distribution of orthopaedic medical devices. They have been in operation since 1985 and have a strong commitment to sustainability and ethical business practices.
Their sustainability program focuses on reducing their environmental impact, promoting social responsibility, and ensuring ethical sourcing of materials. They have implemented various initiatives such as using renewable energy sources, reducing waste, and promoting recycling. They also work closely with their suppliers to ensure ethical and sustainable practices are followed.
The company offers a wide range of orthopaedic products and services, including hip and knee replacements, sports medicine solutions, and trauma implants. They are known for their innovative technology and high-quality products, which are used by surgeons and healthcare professionals worldwide.
The key people at CORIN LIMITED include CEO Paul Gibbons, who has been with the company since 2016, and Chairman Bill Cook, who has been a part of the company for over 30 years. They have a team of experienced and dedicated employees who are committed to providing the best products and services to their customers.
CORIN LIMITED's registered office address is located in Cirencester, Gloucestershire, and their website is www.corin.com. They also have offices and distribution centers in various countries, including the United States, Australia, and Germany, making their products and services accessible globally.
In summary, CORIN LIMITED is a leading company in the orthopaedic medical device industry, with a strong focus on sustainability and ethical practices. They offer high-quality products and services and have a team of experienced professionals dedicated to providing the best solutions for their customers.
