CERNER LIMITED

PaymentCheck Score 2021
64Fair
1.4vs last year
#3317 in UK
#64 in Software
#553 in South East

Company Information

Company Number
02519305
Registered Address
Oracle Parkway, Thames Valley Park, Reading, Berkshire, England, RG6 1RA
Status
Active
Employee Count
404
Turnover
£129,555,000
EBITDA
£10,619,000

Additional Details

Company Type
Private limited Company
Incorporated On
6 July 1990
Nature of Business
62090 - Other information technology service activities
Industries
Software
Region
South East

Time to Pay

Average Time to Pay
37 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
35%
31-60 Days
56%
After 60 Days
9%
Not Paid Within Terms0%

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: 2022-01-04
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202104 Jan 20223735%56%9%0%
01 Jul 2020 - 31 Dec 202002 Mar 20213545%44%11%33%
01 Jan 2020 - 30 Jun 202002 Mar 20213054%40%6%30%
01 Jul 2019 - 31 Dec 201902 Mar 20212776%20%4%20%
01 Jan 2019 - 30 Jun 201902 Mar 20212481%15%4%24%
01 Jul 2018 - 31 Dec 201802 Mar 20212485%13%3%20%
01 Jan 2018 - 30 Jun 201802 Mar 20212582%13%4%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

Standard payment terms are Net30, though other terms, including discount or longer terms, can be negotiated

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

60

Dispute Resolution Process

Cerner maintains dedicated email address for AP Payment related issues. Disputes are worked out between the buyer and vendor, referring to the contract if necessary.

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

CERNER LIMITED is a global company that provides healthcare technology solutions and services. Founded in 1979, the company is headquartered in Kansas City, Missouri and has a registered office address in London, UK. Their website address is www.cerner.com/uk.

The company offers a wide range of products and services, including electronic health records, population health management, revenue cycle management, and data analytics. These solutions are designed to improve the efficiency and effectiveness of healthcare delivery, ultimately leading to better patient outcomes.

CERNER LIMITED is committed to sustainability and has implemented various programs and initiatives to reduce their environmental impact. This includes using renewable energy sources, reducing waste and emissions, and promoting sustainable practices throughout their operations.

The key people at CERNER LIMITED include Brent Shafer, the Chairman and CEO, and Travis Dalton, the President of the Global Markets division. Under their leadership, the company has grown to become a leader in the healthcare technology industry.

In addition to their global headquarters, CERNER LIMITED has offices in over 30 countries and serves clients in more than 35 countries. Their innovative products and services have been recognized and awarded by various organizations, further solidifying their position as a leader in the industry.

Overall, CERNER LIMITED is a company that is dedicated to improving healthcare through technology while also prioritizing sustainability. With a strong leadership team and a global presence, they continue to make significant contributions to the healthcare industry.

Financial Metrics

Cash
£29,539,948
Net Worth
£62,034,180
Total Current Assets
£111,416,760
Total Current Liabilities
£51,353,962

Company Location