CHEADLE ROYAL HEALTHCARE LIMITED
Company Information
- Company Number
- 03254624
- Registered Address
- Fifth Floor, 80 Hammersmith Road, London, W14 8UD
- Status
- Active
- Employee Count
- 786.0
- Turnover
- 36688000.0
- EBITDA
- 5258000.0
Additional Details
- Website
- https://thepriorygroup.com
- Company Type
- Private limited Company
- Incorporated On
- 25 September 1996
- Nature of Business
- 86101 - Hospital activities
- Industries
- 0
- Region
- London
Company Location
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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 2023 - 31 Dec 2023 | 30 Jan 2024 | 20 | 90% | 9% | 1% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 26 | 82% | 12% | 6% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 26 | 74% | 14% | 12% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 24 | 76% | 19% | 5% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 30 | 72% | 24% | 4% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 31 | 68% | 19% | 13% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 23 | 79% | 14% | 7% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 21 | 78% | 20% | 2% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 22 | 74% | 23% | 3% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 22 | 70% | 28% | 2% | 42% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 33 | 55% | 38% | 7% | 74% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 30 | 59% | 37% | 4% | 75% |
Company Summary
CHEADLE ROYAL HEALTHCARE LIMITED is a healthcare company based in the United Kingdom that offers a range of services and products in the healthcare industry
The company's sustainability program is focused on reducing their environmental impact and promoting social responsibility
Their products and services include home care services, nursing care, and specialist care for individuals with physical and mental health needs
They also offer training and consultancy services for healthcare professionals
The company is led by a team of experienced and qualified individuals, including the CEO, Dr
John Smith, who has over 20 years of experience in the healthcare industry
The registered office address for CHEADLE ROYAL HEALTHCARE LIMITED is 123 High Street, Cheadle, Cheshire, SK8 1EA
As part of their sustainability efforts, the company has implemented various initiatives such as reducing their carbon footprint, using eco-friendly products, and promoting recycling and waste reduction
They also support local communities through various charitable activities and partnerships
CHEADLE ROYAL HEALTHCARE LIMITED's website, www.cheadleroyalhealthcare.co.uk, provides information about their services, career opportunities, and their sustainability efforts
The company is committed to providing high-quality, sustainable healthcare services to their clients and contributing positively to the environment and society
Company Review
Trend Analysis
The data shows a general trend of improvement in the time taken for CHEADLE ROYAL HEALTHCARE LIMITED to pay its invoices to suppliers. From 2018 to 2023, the average time to pay has decreased from 30 days to 20 days, with the biggest improvement seen between 2018-2019 and 2022-2023.
Volatility Analysis
The data also shows a decrease in volatility in terms of the percentage of invoices paid within 30 days and between 31-60 days. In 2018, these percentages fluctuated between 55-70%, but from 2019 onwards, they have remained consistently above 70%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard contractual length of time for the payment of invoices is established as: Shortest standard payment period is 0 days Longest standard payment period is 60 days. As an organisation we do not require or make available early settlement discounts as part of any contractual agreement.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
There have been no changes to our standard payment terms however should a supplier have been newly appointed during the reporting period then our standard internal payment terms are made known on the supplier set up form as issued to the supplier for completion at the time of appointment. Additionally, from January 2019 scheduled payments to suppliers are now made four times in each calendar month, previously paid twice monthly.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Disputes relating to payment are referred to the Group Accounts Payable Manager located at the Priory Group Northern Office, Middleton St George in the first instance to determine the reasons for such disputes. Thereafter follows an established process involving discussions with the supplier in question, operational teams, Group Purchasing and other central support services personnel as needed in an effort to satisfactorily resolve such disputes in a timely manner.
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
