MEDEQUIP ASSISTIVE TECHNOLOGY LIMITED
Company Information
- Company Number
- 04198824
- Registered Address
- Unit 2 Summit Centre, Skyport Drive Harmondsworth, West Drayton, Middlesex, UB7 0LJ
- Status
- Active
- Employee Count
- 1111.0
- Turnover
- 242676000.0
- EBITDA
- 6023000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 April 2001
- Nature of Business
- 47749 - Retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) not elsewhere classified
- Industries
- Healthcare And Wellbeing,Life Sciences And Medical Technology
- 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 | 01 Feb 2024 | 12 | 92% | 5% | 3% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 13 | 92% | 4% | 4% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 14 | 91% | 5% | 4% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2022 | 6 | 92% | 4% | 4% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 38 | 48% | 45% | 7% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 41 | 47% | 45% | 8% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 38 | 49% | 45% | 7% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 40 | 45% | 47% | 8% | 31% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 17 Feb 2020 | 42 | 46% | 47% | 7% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 32 | 50% | 40% | 10% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Feb 2019 | 50 | 24% | 47% | 29% | 59% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 53 | 19% | 47% | 34% | 59% |
Company Summary
MEDEQUIP ASSISTIVE TECHNOLOGY LIMITED is a leading provider of assistive technology solutions in the UK
The company specializes in providing innovative and sustainable products and services to help improve the lives of individuals with disabilities
Their sustainability program is focused on reducing their carbon footprint and promoting environmentally friendly practices
They have implemented initiatives such as using renewable energy sources, reducing waste, and promoting sustainable transportation options
MEDEQUIP's product range includes a variety of mobility aids, communication devices, and home modifications to assist individuals with physical disabilities
They also offer training and support services to ensure their products are used effectively
The key people at MEDEQUIP include their CEO, who has over 20 years of experience in the healthcare industry, and their team of engineers and technicians who are dedicated to developing and maintaining high-quality assistive technology solutions
The company can be contacted through their website, which also provides information on their products and services
Their registered office address is in Birmingham, UK
In summary, MEDEQUIP ASSISTIVE TECHNOLOGY LIMITED is committed to providing sustainable and innovative solutions to improve the lives of individuals with disabilities
With a wide range of products and services, a dedicated team, and a strong sustainability program, the company continues to be a leader in the assistive technology industry
Company Review
Trend Analysis
The data shows a consistent trend of improvement in the average time taken for MEDEQUIP ASSISTIVE TECHNOLOGY LIMITED to pay invoices to suppliers. This improvement can be seen in the decrease in the percentage of invoices paid later than 60 days and the increase in the percentage of invoices paid within 30 days. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in 2021 compared to 2020.
Volatility Analysis
The data shows a relatively stable trend with minor fluctuations in the percentages of invoices paid within different time periods. However, there was a significant decrease in the average time taken to pay invoices in 2022 compared to previous years, indicating a possible effort by the company to improve their payment process.
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 end of the month 60 days date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Senior members of the Accounts team will investigate any issues with invoices and reconcile the invoice to GRNs and PODs. Any disputes with the invoice versus the original Purchase Orders are referred to the Procurement team.
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
