SIEMENS HEALTHCARE DIAGNOSTICS LTD
Company Details
Registration Number
03050664
Registered Address
Park View Watchmoor Park Camberley Surrey United Kingdom GU15 3YL
Company Status
Active
Employee Count
0
Turnover
£136,426,000
EBITDA
£17,821,000
Additional Information
Website
siemens.comCompany Type
Private limited Company
Incorporated on
27 April 1995
Nature of Business (SIC)
20590 - Manufacture of other chemical products not elsewhere classified
26511 - Manufacture of electronic measuring, testing etc. equipment, not for industrial process control
Industries
0
Region
South EastCompany Location
Financial Overview
£0
£15,216,000
Last Reporting Period
Filed
27 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
46 days
Payment Periods
Shortest
60 days
Longest
90 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
15%
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 Apr 2023 - 30 Sep 2023 | 27 Oct 2023 | 46 | 23% | 67% | 10% | 15% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 41 | 30% | 66% | 4% | 13% |
| 01 Apr 2022 - 30 Sep 2022 | 28 Oct 2022 | 38 | 39% | 59% | 2% | 12% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 36 | 42% | 58% | 0% | 12% |
| 01 Apr 2021 - 30 Sep 2021 | 26 Oct 2021 | 39 | 35% | 64% | 1% | 16% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 43 | 30% | 63% | 7% | 12% |
| 01 Apr 2020 - 30 Sep 2020 | 26 Oct 2020 | 44 | 32% | 63% | 5% | 21% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 37 | 40% | 56% | 4% | 21% |
| 01 Apr 2019 - 30 Sep 2019 | 29 Oct 2019 | 36 | 37% | 61% | 2% | 24% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 38 | 37% | 60% | 3% | 14% |
| 01 Apr 2018 - 30 Sep 2018 | 31 Oct 2018 | 36 | 39% | 60% | 1% | 18% |
| 01 Oct 2017 - 31 Mar 2018 | 18 Apr 2018 | 34 | 45% | 52% | 3% | 25% |
Company Summary
Siemens Healthcare Diagnostics Ltd is a leading global healthcare company that provides innovative products and services in the field of medical diagnostics
With a focus on sustainability, the company is committed to improving the quality of healthcare while reducing its impact on the environment
The company offers a wide range of products and services, including laboratory and point-of-care diagnostics, imaging systems, and clinical consulting
Their products and solutions are used in hospitals, clinics, reference laboratories, and research facilities around the world
They also provide training and support services to healthcare professionals to ensure efficient use of their products
Some of the key people at Siemens Healthcare Diagnostics Ltd include Dr
Bernd Montag, the CEO, and Dr
Marc Klinkhamer, the Head of Global Medical Affairs
These leaders bring a wealth of experience and expertise to the company and are committed to driving innovation and sustainability in the healthcare industry
Siemens Healthcare Diagnostics Ltd has a strong sustainability program in place, which focuses on reducing their environmental footprint through eco-friendly products, energy-efficient operations, and responsible waste management
They also prioritize the health and safety of their employees and invest in community development projects
The company's website is www.siemens-healthineers.com, where customers can find information about their products, services, and sustainability initiatives
Their registered office address is Siemens Healthcare Diagnostics Ltd, Sir William Siemens Square, Frimley, Camberley, Surrey, GU16 8QD, United Kingdom
In summary, Siemens Healthcare Diagnostics Ltd is a leading healthcare company with a commitment to sustainability and innovation
With a wide range of products and services, experienced leadership, and a focus on environmental responsibility, the company continues to make a positive impact in the healthcare industry
Company Review
Trend Analysis
The average time taken for SIEMENS HEALTHCARE DIAGNOSTICS LTD to pay invoices to suppliers has fluctuated over the past three periods. It increased from 34 days in 2017-2018 to 46 days in 2023-2024, with a peak of 44 days in 2020-2021. However, it has shown a slight decrease in recent years, with 39 days in 2021-2022 and 38 days in 2022-2023.
Volatility Analysis
There is a significant amount of volatility in the average time taken for SIEMENS HEALTHCARE DIAGNOSTICS LTD to pay invoices to suppliers, with a difference of 12 days between the lowest (34 days in 2017-2018) and highest (46 days in 2023-2024) periods.
Summary Analysis
From 2017 to 2023, SIEMENS HEALTHCARE DIAGNOSTICS LTD has shown a fluctuating trend in terms of the time taken to pay invoices to suppliers. However, in recent years, there has been a slight decrease in the average time taken and an improvement in the percentage of invoices paid within 30 days. There has also been a decrease in the percentage of invoices paid between 31 and 60 days and an increase in the percentage of invoices paid later than 60 days, although these trends have been consistent in the past few years. Overall, there has been a decrease in the percentage of invoices not paid within agreed terms in recent years.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Usage of payment terms in the reporting period is as follows :- Payable within 60 days Due net 67%, Payable within 30 days Due net 23%, Payable within 45 days Due net 10%. Remainder of the transactions are on Payment terms with less than 1% occurrence and include the longest used term of 90 days. ICC Clearing transactions have not been included in this reporting as these clearing transactions do not result in transmission of monies via an external bank account, and is only offered to companies part of Siemens cash pooling process. ICC clearing transactions do not represent underlying payment performance transactions. If we were to include the intercompany clearing transactions it would highly skew the KPI's and wouldn't adequately reflect our payment practices.
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
90
Dispute Resolution Process
1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are on Purchase Orders. a) Tel: 01276 696683 / b) E-mail joanne.lucas@siemens-healthineers.com 2) AP liaise with supplier to obtain and process missing invoicesa) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to suppler) 3) AP liaise with suppliers to confirm payment details (past and upcoming) 4) AP liaise with approvers to release overdue invoices for payment 5) Special team deals with ‘final demand’ cases and legal notices
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?
❌
