ADVANCED MEDICAL SOLUTIONS LIMITED
Company Information
- Company Number
- 02666957
- Registered Address
- Premier Park 33 Road One, Winsford Industrial Estate, Winsford, Cheshire, CW7 3RT
- Status
- Active
- Employee Count
- 372.0
- Turnover
- 70898000.0
- EBITDA
- 20954000.0
Additional Details
- Website
- https://activheal.com/
- Company Type
- Private limited Company
- Incorporated On
- 29 November 1991
- Nature of Business
- 21100 - Manufacture of basic pharmaceutical products
- Industries
- Life Sciences And Medical Technology
- Region
- North West
Company Location
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 2022 - 31 Dec 2022 | 03 Feb 2023 | 38 | 60% | 30% | 10% | 38% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Feb 2023 | 38 | 52% | 37% | 11% | 44% |
| 01 Jul 2021 - 31 Dec 2021 | 15 Feb 2022 | 36 | 60% | 33% | 7% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 38 | 57% | 35% | 8% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 40 | 56% | 32% | 12% | 54% |
| 01 Jan 2020 - 30 Jun 2020 | 02 Sept 2020 | 37 | 57% | 32% | 11% | 38% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 39 | 59% | 29% | 12% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 37 | 60% | 31% | 9% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 32 | 68% | 27% | 5% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 35 | 55% | 36% | 9% | 33% |
Company Summary
ADVANCED MEDICAL SOLUTIONS LIMITED is a UK-based company that specializes in innovative and sustainable medical solutions
They provide a range of products and services to the healthcare industry, with a focus on wound care and infection prevention
The company has a strong commitment to sustainability, with a dedicated sustainability program in place
This includes using eco-friendly materials in their products, reducing waste and carbon emissions, and promoting responsible business practices
Their products and services include advanced wound dressings, surgical and medical devices, and infection control solutions
These are developed using cutting-edge technology and are designed to improve patient outcomes and reduce healthcare costs
The company is led by a team of experienced professionals, including CEO Chris Meredith and CFO Mary Tavener
They are supported by a team of scientists, engineers, and medical experts who work together to develop and deliver high-quality medical solutions
For more information about ADVANCED MEDICAL SOLUTIONS LIMITED and their products and services, you can visit their website at www.admedsol.com
Their registered office address is Suite 10, Premier Park, 33 Road One, Winsford Industrial Estate, Winsford, Cheshire CW7 3RT, United Kingdom
Company Review
Trend Analysis
The average time taken by ADVANCED MEDICAL SOLUTIONS LIMITED to pay invoices to suppliers has fluctuated between 32 days and 40 days over the past three years. However, there has been a slight overall increase in the average time taken to pay invoices, with a peak of 40 days in the most recent period.
Volatility Analysis
The volatility in the time taken to pay invoices has been relatively stable, with the average time varying by only 3 days between the lowest and highest periods.
Summary Analysis
Over the past three periods, ADVANCED MEDICAL SOLUTIONS LIMITED has maintained an average time of 37 days to pay invoices to suppliers. The percentage of invoices paid within 30 days has remained consistent at around 57%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 27% and 37%. The highest percentage of invoices paid later than 60 days was in the final period, at 12%. The company has consistently maintained a standard payment period of 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Advanced Medical Solutions Limited’s “AMS” standard payment terms are 60 day terms for raw material suppliers and 30 days for all other suppliers. Whilst 62% of invoices are paid on time, due to the timing of payment processes, a further 15% are paid within 7 days of the payment due date.
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
AMS is committed to operating a fair and transparent payment system with our supply chain partners. Relationships are managed in a personal way which ensures that a formal dispute resolution process is rarely required. AMS aims to resolve all payment related disputes and queries in a prompt manner. A dedicated Accounts Payable team handles payment disputes and is reachable by phone and email. If the Accounts Payable team is not able to resolve the dispute it is escalated to the Site Financial Controller who may further escalate to members of the Senior Management Team.
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