Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
MEDIGOLD HEALTH CONSULTANCY LIMITED consistently demonstrates a slow payment trend, with an average payment time of 46 days. A significant 65% of payments fall into the 31-60 day range, indicating a consistent trajectory of payments beyond standard 30-day terms. Furthermore, 20% of invoices are paid over 60 days, highlighting a regular pattern of extended payment cycles.
Payment reliability is low, as 89% of invoices are paid late, making future payment dates highly unpredictable for suppliers. The substantial 20% of payments exceeding 60 days introduces a significant risk of prolonged capital tying up. This data suggests a consistent lack of adherence to timely payment schedules, directly impacting supplier financial planning.
Suppliers should anticipate an average payment time of 46 days, with a high likelihood of payments extending well beyond typical 30-day terms. It is crucial to factor in potential working capital strain and consider adjusting payment terms or pricing to mitigate this risk. Implementing strict late payment penalties or negotiating upfront payments for larger projects could be effective risk mitigation strategies.
| 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 Oct 2025 - 31 Mar 2026 | 13 Apr 2026 | 36 | 38% | 59% | 3% | 64% |
| 01 Apr 2025 - 30 Sept 2025 | 24 Oct 2025 | 37 | 35% | 59% | 6% | 66% |
| 01 Oct 2024 - 31 Mar 2025 | 23 Apr 2025 | 46 | 15% | 65% | 20% | 89% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms 30 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
60
The team member responsible for ordering will seek to resolve the dispute informally in the first instance. If this is not possible the dispute is escalated internally to the Finance Director and Procurement to help resolve the dispute.
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
Medigold Health Consultancy Limited is a company registered in England since 1998, operating under the SIC classification for other human health activities. Structured records associate it with hospital and clinic services and non-surgical procedures. The company's own legal centre publishes standard terms and conditions covering the supply of goods and services, referencing diagnostic testing interpreted under the ISO 17025:2017 standard, alongside data sharing and direct debit agreements. These documents indicate it supplies health-related goods and services, including diagnostics, to business customers under formal contracts, with delivery, quality and title provisions typical of a supplier providing services to organisations rather than direct retail consumers.
Generated from the company's website and Companies House records. Sources: legal.medigold-health.com · legal.medigold-health.com