The data reveals CEUTA HEALTHCARE LIMITED consistently pays beyond standard 30-day terms, with an average payment time of 38 days. Only 21% of payments are completed within 30 days, indicating a clear trend towards extended payment cycles. The predominant payment window is 31-60 days (55%), suggesting a generally predictable, albeit delayed, payment pattern.
While 77% of payments are categorized as late, the significant concentration (55%) within the 31-60 day period provides some degree of predictability for suppliers regarding extended payment timelines. However, the 24% of payments exceeding 60 days introduces a notable risk of extended and less predictable delays. This long tail creates an element of uncertainty that could negatively impact a supplier's cash flow planning.
Suppliers should anticipate an average payment period of 38 days, with a high likelihood of payments extending beyond 30 days, before engaging with CEUTA HEALTHCARE LIMITED. Key decision factors include the supplier's ability to manage extended payment terms and potential cash flow strain from payments exceeding 60 days. It is recommended to implement risk mitigation strategies such as adjusting pricing, negotiating favorable upfront payment terms, or exploring invoice financing to manage the prevalent payment delays.
| 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 Apr 2023 - 30 Apr 2023 | 20 Nov 2023 | 38 | 21% | 55% | 24% | 77% |
| 01 Oct 2022 - 31 Mar 2023 | 05 Jun 2023 | 39 | 52% | 38% | 10% | 61% |
| 01 Apr 2022 - 30 Sept 2022 | 01 Nov 2022 | 41 | 47% | 41% | 12% | 67% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 39 | 49% | 40% | 11% | 55% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 39 | 51% | 38% | 11% | 50% |
| 01 Oct 2020 - 31 Mar 2021 | 04 May 2021 | 53 | 52% | 35% | 13% | 63% |
| 01 Apr 2020 - 30 Sept 2020 | 03 Nov 2020 | 45 | 42% | 42% | 16% | 78% |
| 01 Oct 2019 - 31 Mar 2020 | 05 May 2020 | 46 | 57% | 31% | 12% | 76% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 42 | 47% | 41% | 11% | 67% |
| 01 Oct 2018 - 30 Apr 2019 | 02 May 2019 | 46 | 54% | 31% | 15% | 75% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 38 | 56% | 32% | 11% | 61% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is Company policy to agree appropriate terms of payment with each supplier, and to pay invoices in line with those terms subject to the timely submission of satisfactory invoices. The majority of our suppliers are on 30 day payment terms with the exception of import duty which is paid immediately
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Ceuta Healthcare performs two payment runs a month (15th and EOM), so whilst 61% of invoices are not paid to terms, 52% of these invoices are paid either before the due date or on the next payment run after the invoice becomes due. Our Clients and suppliers are aware of this process.
Maximum contractual payment period agreed
90
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to both parties satisfaction prior to payment being made. The invoice approver will reject an invoice they dispute and will advise the Purchase Ledger department why and the steps needed to resolve the issue. The approver will then contact their supplier to discuss the issue for resolution. Purchase Ledger will follow up outstanding queries each week and escalate to the approvers’ manager if a satisfactory resolution has not been found. When the invoice becomes aged this is escalated to the Finance Manager and then Finance Director for further action.
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
Ceuta Healthcare Limited, registered in Reading and part of Ceuta Group, is described on its own site as "part of Ceuta Group" and "an IQVIA Business". It provides outsourced brand management for health and personal care companies operating in the UK, covering brand strategy, creative design, trade and consumer marketing, sales force provision, logistics, customer service and pharmacovigilance support. Its services span channels including national accounts, independent grocery and convenience, pharmacy, health food wholesalers and online retail, helping brand owners develop launch strategies, grow into new markets and manage retail sales activity without building these functions in-house. The company positions itself as an outsourcing partner rather than a manufacturer or direct retailer of health and personal care products.
Generated from the company's website and Companies House records. Sources: ceutahealthcare.com · ceutahealthcare.com · ceutahealthcare.com