BARCHESTER HEALTHCARE LIMITED
Company Information
- Company Number
- 02792285
- Registered Address
- 3rd Floor The Aspect, Finsbury Square, London, United Kingdom, EC2A 1AS
- Status
- Active
- Employee Count
- 14,947
- Turnover
- £766,761,000
- EBITDA
- £105,210,000
Additional Details
- Website
- https://www.barchester.com/
- Company Type
- Private limited Company
- Incorporated On
- 22 February 1993
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Healthcare And Wellbeing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for BARCHESTER HEALTHCARE LIMITED has steadily increased over the past three periods, from 32 days in 2018 to 39 days in 2020. This is a concerning trend as it indicates that the company is taking longer to pay their invoices to suppliers.
Volatility Analysis
The volatility of the average time to pay for BARCHESTER HEALTHCARE LIMITED has also increased over the past three periods. In 2018, the company had a relatively stable average time to pay of 32 days. However, in 2019 and 2020, the average time to pay increased to 36 days and 39 days, respectively, indicating a more unpredictable payment pattern.
Summary Analysis
In the past three periods, BARCHESTER HEALTHCARE LIMITED has shown a steady increase in the average time to pay, from 32 days in 2018 to 39 days in 2020. This indicates that the company is taking longer to pay their invoices to suppliers. However, there has been a slight improvement in the percentage of invoices paid within 30 days, with a decrease from 53% in 2018 to 46% in 2020. This suggests that the company may be making efforts to pay some invoices more promptly. Additionally, there has been a decrease in the percentage of invoices paid between 31 and 60 days, from 42% in 2018 to 31% in 2020. This could also indicate an improvement in the company's payment practices. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 5% in 2018 to 23% in 2020. This is a concerning trend as it indicates that a larger portion of the company's invoices are being paid well past the agreed payment terms. It is worth noting that BARCHESTER HEALTHCARE LIMITED has consistently maintained a standard payment period of 45 days throughout all three periods.
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 2018 - 31 Dec 2018 | 30 Jan 2019 | 32 | 53% | 42% | 5% | 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 45 days of the date on which the invoice is received by the Barchester.
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
45
Dispute Resolution Process
Payment disputes are initially dealt with by the individual who placed the order with that supplier. The dispute can be further escalated to the Central Accounts Team if required and resolved with the appropriate action.
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?
❌
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
Barchester Healthcare Limited is a leading provider of high-quality care services for the elderly and individuals with disabilities in the United Kingdom. The company was founded in 1992 and is based in London, with over 200 care homes and six independent hospitals across the UK.
The company prides itself on its commitment to sustainability and has implemented various measures to reduce its environmental impact. This includes using renewable energy sources, recycling programs, and implementing energy-efficient practices in their facilities.
Barchester Healthcare Limited offers a range of services, including residential care, dementia care, respite care, and day care. They also have specialized services for individuals with learning disabilities and mental health conditions. Their aim is to provide a safe and comfortable environment for their residents, while also promoting independence and maintaining their dignity.
The company's sustainability program is overseen by their Sustainability Manager, who works closely with the management team to ensure that sustainable practices are implemented throughout the organization. They also regularly review and update their policies and procedures to ensure they are aligned with their sustainability goals.
Barchester Healthcare Limited employs over 17,000 staff members, including trained nurses, carers, and support staff, who are dedicated to providing the best care possible for their residents. The company also has a team of medical professionals, including doctors and therapists, who work closely with their residents to provide personalized care.
For more information on Barchester Healthcare Limited, their services, and sustainability program, you can visit their website at www.barchester.com. Their registered office address is Barchester Healthcare Ltd, 2nd Floor, 5-6, Prince Maurice Court, Hambleton Avenue, Devizes, Wiltshire, SN10 2RT, United Kingdom.
