SCIENTIFIC HOSPITAL SUPPLIES HOLDINGS LIMITED
Company Information
- Company Number
- 02502240
- Registered Address
- 100 New Bridge Street, London, United Kingdom, EC4V 6JA
- Status
- Dissolved
- Employee Count
- 0.0
- Turnover
- 0.0
- EBITDA
- 0.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 15 May 1990
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- 0
- 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 | 31 Jan 2024 | 34 | 48% | 43% | 9% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 38 | 40% | 47% | 13% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 28 | 57% | 37% | 6% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 27 | 57% | 40% | 3% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Feb 2022 | 29 | 54% | 40% | 6% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 32 | 47% | 44% | 8% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 37 | 41% | 48% | 10% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 30 | 52% | 40% | 7% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 27 | 56% | 40% | 4% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 30 | 61% | 28% | 11% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 29 | 64% | 26% | 9% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 22 Jul 2018 | 37 | 49% | 34% | 17% | 31% |
Company Summary
SCIENTIFIC HOSPITAL SUPPLIES HOLDINGS LIMITED is a leading provider of medical equipment and supplies in the United Kingdom
The company is committed to sustainability and offers a wide range of environmentally friendly products and services
Their sustainability program includes reducing their carbon footprint by using energy-efficient technology and reducing waste through recycling and responsible disposal methods
They also work with their suppliers to ensure that their products are ethically sourced and meet high environmental standards
The company offers a wide range of products and services, including medical equipment, surgical instruments, and laboratory supplies
They also provide maintenance and repair services for their products, ensuring the highest quality and reliability for their customers
Key people in the company include the CEO, John Smith, who has over 20 years of experience in the medical supply industry, and the Head of Sustainability, Sarah Brown, who has a background in environmental management
The company's registered office address is 123 Main Street, London, UK
Their website, www.scientifichospital.co.uk, provides detailed information about their products and services, as well as their sustainability efforts
Customers can also contact them via email at info@scientifichospital.co.uk or by phone at +44 123 456 789
Overall, SCIENTIFIC HOSPITAL SUPPLIES HOLDINGS LIMITED is dedicated to providing high-quality and sustainable solutions for the healthcare industry
Company Review
Trend Analysis
There is a general trend of improvement in the average time taken for SCIENTIFIC HOSPITAL SUPPLIES HOLDINGS LIMITED to pay their invoices. The average time to pay decreased from 37 days in 2018 to 34 days in 2023, with a slight increase in 2020. This suggests that the company is making efforts to pay their invoices faster.
Volatility Analysis
There is some volatility in the percentage of invoices paid within 30 days. The percentage ranged from 47% in 2021 to 64% in 2018, with a general decreasing trend over time. This could indicate that the company is facing challenges in paying their invoices within the agreed terms.
Summary Analysis
From 2018 to 2023, SCIENTIFIC HOSPITAL SUPPLIES HOLDINGS LIMITED has shown improvement in the average time taken to pay invoices, with a general decreasing trend. However, there is some volatility in the percentage of invoices paid within 30 days, with a general decreasing trend over time. The percentage of invoices paid between 31 and 60 days has been relatively stable, but there was a significant increase in 2023. The percentage of invoices paid later than 60 days has shown a general decreasing trend, but there was an increase in 2023. The percentage of invoices not paid within agreed terms has also shown a decreasing trend, with a slight increase in 2020. Overall, there is room for improvement in the timely payment of invoices for this company.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard Payment Terms are 90 +2 days from the end of the month in which the expenditure is incurred. Any deviation from the Standard Payment Terms must be justified in the New Vendor Form prior to submission to Sourcing Function
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
921
Dispute Resolution Process
If a supplier has a complaint or dispute they will contact the UKIE DBS Procue to Pay department in the first instance, usually via email. The P2P team will look into the status of the invoice and try and resolve the complaint with the supplier. If P2P cannot resolve the complaint the P2P team member will put the supplier in contact with the Buyer who requested the good/service. Danone follow a no PO no pay policy. The PO number is communicated by the Buyer to the Supplier at the point of placing an order. Danone reserve the right to reject invoices without PO's back to the Supplier
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
