The average time taken for PHOENIX MEDICAL SUPPLIES LIMITED to pay invoices has fluctuated over the past three years, with a slight decrease in 2022 followed by an increase in 2023. However, the company has consistently paid the majority of their invoices within 30 days, with a slight increase in 2023.
The volatility of PHOENIX MEDICAL SUPPLIES LIMITED's payment practices can be seen in the changes in the percentage of invoices paid within 30 days and between 31 and 60 days. These percentages have fluctuated over the past three years, with the largest changes occurring in 2022 and 2023.
Overall, PHOENIX MEDICAL SUPPLIES LIMITED has shown a steady trend in paying invoices within an average of 43-61 days over the past three years. The company has consistently paid the majority of their invoices within 30 days, with a slight increase in 2023. However, there has been some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days, with the largest changes occurring in 2022 and 2023.
| 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 Aug 2025 - 31 Jan 2026 | 03 Mar 2026 | 55 | 25% | 55% | 20% | 68% |
| 01 Feb 2025 - 31 Jul 2025 | 03 Sept 2025 | 64 | 37% | 42% | 21% | 61% |
| 01 Aug 2024 - 31 Jan 2025 | 04 Mar 2025 | 70 | 29% | 52% | 19% | 69% |
| 01 Feb 2024 - 31 Jul 2024 | 29 Aug 2024 | 56 | 61% | 22% | 17% | 37% |
| 01 Aug 2023 - 31 Jan 2024 | 29 Feb 2024 | 46 | 66% | 20% | 14% | 32% |
| 01 Feb 2023 - 31 Jul 2023 | 15 Aug 2023 | 44 | 65% | 21% | 14% | 34% |
| 01 Aug 2022 - 31 Jan 2023 | 28 Feb 2023 | 44 | 66% | 19% | 15% | 28% |
| 01 Feb 2022 - 31 Jul 2022 | 31 Aug 2022 | 34 | 69% | 18% | 13% | 32% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 56 | 55% | 20% | 25% | 46% |
| 01 Feb 2021 - 31 Jul 2021 | 01 Sept 2021 | 49 | 64% | 17% | 19% | 33% |
| 01 Aug 2020 - 31 Jan 2021 | 04 Mar 2021 | 47 | 57% | 24% | 19% | 33% |
| 01 Feb 2020 - 31 Jul 2020 | 26 Aug 2020 | 61 | 46% | 21% | 33% | 45% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 43 | 55% | 25% | 19% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms for goods and services is end of the following month. Depending on the category, higher or lower standard terms may also be employed in line with industry standards for those areas.
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
64
Disputes or complaints should be communicated to the Phoenix Medical Supplies Limited Accounts Payable Accountant in the first instance and can be escalated to the Senior Accounts Payable Accountant or Accounts Payable Team Lead if necessary
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
Phoenix Medical Supplies Limited is registered under wholesale of pharmaceutical goods and is based in Runcorn, Cheshire. It forms part of Phoenix UK, a healthcare group that supplies medicines, services and support to over 6,700 pharmacies, dispensing practices and outpatient sites across the country. The wider group operates under brands including Rowlands Pharmacy, Phoenix Healthcare Distribution, PSUK, Numark, Nupharm and NuCare, reaching around 20 million patients annually through 350 directly managed branches and a national distribution network of 12 depots. The group's activities combine medicines distribution, pharmaceutical care and pharmacy-led primary care services, with this entity representing part of that wholesale pharmaceutical distribution operation.
Generated from the company's website and Companies House records. Sources: phoenixmedical.co.uk