THE DOCTORS LABORATORY LIMITED
Company Information
- Company Number
- 02201998
- Registered Address
- The Halo Building, 1 Mabledon Place, London, England, WC1H 9AX
- Status
- Active
- Employee Count
- 631.0
- Turnover
- 161714000.0
- EBITDA
- 51657000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 December 1987
- Nature of Business
- 86900 - Other human health activities
- Industries
- Life Sciences And Medical Technology
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 06 Feb 2024 | 48 | 65% | 23% | 13% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Sept 2023 | 13 | 93% | 6% | 1% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Sept 2023 | 17 | 82% | 15% | 2% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Sept 2023 | 20 | 82% | 14% | 4% | 0% |
| 01 Jan 2021 - 31 Dec 2021 | 01 Sept 2023 | 16 | 86% | 13% | 1% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Sept 2023 | 16 | 83% | 15% | 2% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Sept 2023 | 17 | 83% | 15% | 1% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 01 Sept 2023 | 20 | 83% | 9% | 7% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 01 Sept 2023 | 19 | 88% | 7% | 5% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Sept 2023 | 17 | 93% | 4% | 3% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Sept 2023 | 14 | 95% | 3% | 2% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Sept 2023 | 12 | 95% | 3% | 2% | 2% |
| 01 Jul 2017 - 31 Dec 2017 | 01 Sept 2023 | 12 | 94% | 4% | 2% | 2% |
Company Summary
The Doctors Laboratory Limited (TDL) is a UK-based medical laboratory that provides a wide range of diagnostic services to private and NHS patients
Established in 1987, TDL has become one of the largest independent providers of clinical laboratory services in the UK
TDL offers a comprehensive range of medical tests and services, including routine blood tests, genetic testing, and specialized tests for infectious diseases and cancer
They also offer a range of wellness and health screening packages for individuals and corporate clients
TDL is committed to sustainability and has implemented various initiatives to reduce their environmental impact
These include using energy-efficient equipment, recycling waste, and reducing the use of plastic and paper in their operations
The company is led by a team of experienced and highly qualified professionals, including consultant pathologists, scientists, and technologists
They are dedicated to providing accurate and timely results to their clients and are constantly investing in the latest technology and training to improve their services
Contact information for TDL can be found on their website, including their registered office address in London
Their website also provides details on their services, pricing, and how to book appointments
TDL is accredited by the United Kingdom Accreditation Service (UKAS) and is regulated by the Care Quality Commission (CQC), ensuring high standards of quality and safety
Company Review
Trend Analysis
The average time taken for THE DOCTORS LABORATORY LIMITED to pay invoices has increased steadily over the past three periods, from 12 days in 2017-2018 to 19 days in 2019-2020. However, there was a slight improvement in the most recent period, with the average time decreasing to 16 days in 2020-2021.
Volatility Analysis
The volatility of THE DOCTORS LABORATORY LIMITED's payment practices has remained relatively stable over the past three periods, with only small changes in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days.
Summary Analysis
Based on the data provided, the average time taken for THE DOCTORS LABORATORY LIMITED to pay invoices has increased by 4 days over the past three periods. The percentage of invoices paid within 30 days has remained consistently high at 83-95%, while the percentage of invoices paid later than 60 days has fluctuated between 1-7%. The shortest standard payment period has remained at 14 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
14 days for contractors, medical consultants, and self-employed individuals; 30 days for all other invoices; 45 or 60 days on specific contracts; Or as otherwise agreed with the supplier. We aim to pay at the latest 60 days after invoice receipt if there are issues that delay payment.
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
60
Dispute Resolution Process
Please refer first to the Terms and Conditions of Supply on our Purchase Orders and ensure that your invoice matches the requirements of the purchase order, and is addressed to the correct entity within the HSL group. If you are happy you have complied with these requirements, disputes and complaints should be first escalated to the Accounts Payable team at ap@tdlpathology.com The next steps would be to contact the AP Manager, the Shared Services Manager, the Director of Finance and then the CFO through our main switchboard number as shown on the website for Health Services Laboratories. We seek to resolve disputes amicably and speedily, and we are happy to refer the case to a dispute resolution service if necessary, in line with the terms on our POs.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
