PRACTICE PLUS GROUP HOSPITALS LIMITED
Company Information
- Company Number
- 03462881
- Registered Address
- Ground Floor, 1330 Arlington Business Park, Theale, Reading, England, RG7 4SA
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 November 1997
- Nature of Business
- 86900 - Other human health activities96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
PRACTICE PLUS GROUP HOSPITALS LIMITED demonstrates a primary payment trend of settling invoices within 30 days for 82% of transactions. However, the average payment time of 33 days, alongside 14% of payments extending to 31-60 days and 4% beyond 60 days, indicates a tendency for some payments to drift past typical immediate terms. The 22% late payment rate further highlights a consistent portion of invoices are not met within agreed terms, suggesting a predictable but extended payment cycle for a minority of transactions.
Volatility Analysis
While 82% of payments occur within 30 days, indicating high reliability for most transactions, the 22% late payment rate introduces an element of unpredictability for specific invoices. The 14% of payments falling between 31-60 days and especially the 4% exceeding 60 days represent a notable risk factor for supplier cash flow planning. Suppliers can generally predict timely payments, but a consistent minority of extended or late payments necessitate robust credit control and follow-up processes.
Summary Analysis
PRACTICE PLUS GROUP HOSPITALS LIMITED is generally a reliable payer for the majority of invoices, with 82% settled within 30 days. Key decision factors for suppliers include acknowledging the average 33-day payment cycle and the 22% late payment rate, especially the 4% extending beyond 60 days, which can impact working capital. Suppliers should consider offering payment terms that accommodate a slight extension beyond 30 days, implement clear escalation procedures for invoices exceeding 60 days, and factor potential payment delays into cash flow forecasts.
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 2025 - 30 Sept 2025 | 03 Nov 2025 | 33 | 82% | 14% | 4% | 22% |
| 01 Oct 2024 - 31 Mar 2025 | 24 Apr 2025 | 39 | 78% | 14% | 8% | 25% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 38 | 52% | 41% | 7% | 52% |
| 01 Oct 2023 - 31 Mar 2024 | 07 May 2024 | 36 | 50% | 44% | 6% | 53% |
| 01 Apr 2023 - 30 Sept 2023 | 02 Nov 2023 | 39 | 48% | 45% | 8% | 55% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 43 | 31% | 62% | 7% | 48% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 40 | 41% | 54% | 5% | 29% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 39 | 34% | 61% | 5% | 52% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 42 | 30% | 64% | 6% | 65% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 44 | 31% | 62% | 7% | 63% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 53 | 29% | 56% | 15% | 74% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 43 | 32% | 60% | 8% | 66% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 39 | 37% | 57% | 6% | 64% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 45 | 56% | 36% | 9% | 47% |
| 01 Oct 2017 - 31 Mar 2018 | 27 Apr 2018 | 37 | 65% | 29% | 6% | 43% |
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
30 days from date of invoice Practice Plus Group’s maximum standard payment terms are 30 days from date of invoice. Payments to self-employed GPs and Healthcare Professionals standard payment terms are within 14 days of the end of the period. Practice Plus Group operates a weekly payment run each Friday. Our payment run captures all approved invoices due for payment up to the Friday of the subsequent week. We are proud to support numerous smaller suppliers and sole traders to whom we commonly offer payment terms of between 0 and 14 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
At Practice Plus Group we aim to resolve all queries and disputes regarding invoices and payments as quickly as possible. Disputes are directly managed by the invoice approvers with the support of a dedicated accounts payable team. The team can be contacted by email or phone Monday to Friday. The enquiries email inbox is monitored daily and is subject to a 48-hour SLA. The Accounts Payable team also carry out regular chasing of unapproved or disputed invoices to assist with both paying invoices in accordance with agreed terms and resolution of disputes.
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?
No information available
Company Summary
PRACTICE PLUS GROUP HOSPITALS LIMITED is an active private limited company operating within the healthcare sector, specifically managing hospitals
As a 'Group Hospitals' entity, it oversees a portfolio of healthcare facilities
The company was incorporated on 10 November 1997, holding company number 03462881
Its registered office is located at Ground Floor, 1330 Arlington Business Park, Theale, Reading, England, RG7 4SA, placing its operations within the South East of England
Companies of this nature in the UK typically provide a broad range of medical and surgical services
These often include planned surgical procedures, outpatient consultations, diagnostic imaging, and inpatient care across various specialities
