The average payment time of 50 days indicates a clear trend towards extended payment cycles. A significant majority (65%) of payments fall into the 31-60 day bracket, suggesting a consistent pattern of settling within that window. This trajectory highlights that prompt payments are infrequent, with only 12% settling within 30 days.
With 45% of payments being late and 23% extending beyond 60 days, there is a notable level of unpredictability and elevated risk for suppliers. While 65% fall within 31-60 days, the substantial portion exceeding 60 days suggests potential cash flow management challenges for a trading partner. This pattern points to a somewhat unreliable payment schedule, requiring careful terms negotiation to manage expectations.
WILLIAMS MEDICAL SUPPLIES LIMITED presents a moderate payment risk, characterized by a clear trend of extended payment cycles and a significant late payment rate. Suppliers should factor in an average payment period of 50 days and consider adjusting credit limits or negotiating shorter payment terms. Mitigation strategies include closely monitoring outstanding invoices, especially given the 23% that exceed 60 days, and potentially exploring upfront payment options for new engagements.
| 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 2019 - 30 Sept 2019 | 11 Nov 2019 | 50 | 12% | 65% | 23% | 45% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 55 | 15% | 64% | 21% | 45% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 44 | 18% | 65% | 17% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
This is negotiable with the suppliers, we don't have one set payment term, it can range from immediate payment up to and including payment terms of 95 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
95
If there is any dispute, negotiations will be re-opened between the buyer and the relevant supplier on a case by case basis. If there is no resolution at this stage the dispute is escalated to Head of Purchasing. Failing resolution at this stage the dispute is escalated to the Commercial Director.
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
WILLIAMS MEDICAL SUPPLIES LIMITED is an active private limited company focused on the provision of medical supplies.
Incorporated on 22 June 2001, the company operates as an active private limited company registered under company number 04240054. Its registered office is located at Craiglas House, Maerdy Industrial Estate, Rhymney, Tredegar, Gwent, NP22 5PY, indicating a base of operations in Wales.
Companies specialising in medical supplies typically offer a comprehensive range of products to healthcare organisations, general practitioners, and other medical professionals. These provisions often include diagnostic equipment, surgical instruments, pharmaceuticals, first aid supplies, and patient care consumables.