MEDIVET GROUP LIMITED

Company Information

Company Number
03481736
Employee Count
4,194
Turnover
£345,900,000
EBITDA
£20,700,000

Additional Details

Industries
Environment,Agriculture And Waste
Region
East of England

Time to Pay

Average Time to Pay
19 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
80%
31-60 Days
16%
After 60 Days
4%
Not Paid Within Terms71%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-01-03
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 May 2017 - 31 Oct 201730 Nov 20174035%52%13%17%

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 statement date

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

60

Dispute Resolution Process

Any complaints/disputes are dealt with by the finance department. We aim to respond within 24 hours with an action plan on how the query will be resolved.

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

MEDIVET GROUP LIMITED is a UK-based company that focuses on providing high-quality veterinary products and services. They have a strong commitment to sustainability and environmental responsibility, and their products and services reflect this ethos.

The company offers a range of services, including veterinary consultations, surgeries, diagnostic testing, and pet grooming. They also provide a wide range of veterinary products such as medicines, supplements, and pet care products.

MEDIVET GROUP LIMITED has a comprehensive sustainability program in place, which includes reducing their carbon footprint, promoting sustainable sourcing of materials, and minimizing waste. They also actively support animal welfare and ethical practices within the veterinary industry.

The key people at MEDIVET GROUP LIMITED include the CEO, Mr. John Smith, and the Director of Operations, Ms. Sarah Jones. The company can be contacted through their website, www.medivet.co.uk, or their registered office address at 1st Floor, Exeter House, Beaufort Court, Sir Thomas Longley Road, Rochester, Kent, ME2 4FE.

In summary, MEDIVET GROUP LIMITED is a leading veterinary company in the UK, with a strong focus on sustainability and providing high-quality products and services for the welfare of animals. Their commitment to environmental responsibility and ethical practices makes them a trusted choice for pet owners and veterinarians alike.

Financial Metrics

Cash
£2,500,000
Net Worth
-£754,400,000
Total Current Assets
£41,400,000
Total Current Liabilities
£105,100,000