CATALYST HEALTHCARE (ROMFORD) LIMITED
Company Information
- Company Number
- 04793636
- Registered Address
- C/O Albany Spc Services Ltd 3rd Floor, 3-5 Charlotte Street, Manchester, England, M1 4HB
- Status
- Active
- Employee Count
- 0
- Turnover
- £85,092,000
- EBITDA
- £11,008,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 June 2003
- Nature of Business
- 86101 - Hospital activities
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
Overall, there has been a general increase in the average time taken for CATALYST HEALTHCARE (ROMFORD) LIMITED to pay invoices to suppliers. From 2017 to 2024, there has been a steady increase in the average time taken, with a peak in 2023 at 66 days. However, there was a slight decrease in 2024 to 59 days.
Volatility Analysis
The volatility in CATALYST HEALTHCARE (ROMFORD) LIMITED's payment pattern can be seen in the fluctuation of the percentage of invoices paid within 30 days, which ranges from 15% in 2017 to 63% in 2022. The percentage of invoices paid between 31 and 60 days has also varied, with a high of 56% in 2021 and a low of 19% in 2017.
Summary Analysis
In the past three periods, there has been a decrease in the average time taken for CATALYST HEALTHCARE (ROMFORD) LIMITED to pay invoices. In 2022, the average time was 51 days, which was a 5-day decrease from 2021. However, there was an increase in the percentage of invoices paid later than 60 days in 2022, with a high of 63%. This was the worst period for CATALYST HEALTHCARE (ROMFORD) LIMITED in terms of late payments. On the other hand, in 2023, there was a significant improvement with only 48% of invoices paid later than 60 days, which was the lowest percentage in the past three periods.
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 Apr 2025 - 30 Sept 2025 | 23 Oct 2025 | 55 | 28% | 36% | 36% | 9% |
| 01 Oct 2024 - 31 Mar 2025 | 07 Apr 2025 | 52 | 22% | 52% | 26% | 5% |
| 01 Apr 2024 - 30 Sept 2024 | 17 Oct 2024 | 43 | 28% | 52% | 20% | 3% |
| 01 Oct 2023 - 31 Mar 2024 | 03 Apr 2024 | 62 | 34% | 25% | 40% | 2% |
| 01 Apr 2023 - 30 Sept 2023 | 24 Oct 2023 | 66 | 15% | 23% | 63% | 6% |
| 01 Oct 2022 - 31 Mar 2023 | 18 Apr 2023 | 59 | 22% | 26% | 52% | 5% |
| 01 Apr 2022 - 30 Sept 2022 | 18 Oct 2022 | 51 | 24% | 52% | 24% | 8% |
| 01 Oct 2021 - 31 Mar 2022 | 14 Apr 2022 | 53 | 29% | 50% | 21% | 8% |
| 01 Apr 2021 - 30 Sept 2021 | 04 Oct 2021 | 56 | 28% | 45% | 27% | 4% |
| 01 Oct 2020 - 31 Mar 2021 | 19 Apr 2021 | 81 | 28% | 56% | 16% | 10% |
| 01 Apr 2020 - 30 Sept 2020 | 12 Oct 2020 | 44 | 52% | 31% | 17% | 6% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Jun 2020 | 60 | 31% | 35% | 34% | 3% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 55 | 37% | 41% | 21% | 2% |
| 01 Oct 2018 - 31 Mar 2019 | 23 Apr 2019 | 54 | 63% | 28% | 9% | 3% |
| 01 Apr 2018 - 30 Sept 2018 | 16 Oct 2018 | 57 | 40% | 28% | 32% | 17% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 56 | 41% | 19% | 40% | 15% |
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
As a Special Purpose Company (SPC) with a Concession agreement in place with its only customer (Barking, Havering and Redbridge University Hospital NHS Trust) and several related subcontracts in place, the SPC can only pay its subcontractors when the Trust pays the SPC. This is accepted between all parties and whilst the pay-when-paid principle is not now permitted, the SPC continues to apply this practice under the exclusion granted to PFI projects by the Construction Contracts (England) Exclusion Order 2011. All other costs, those that relate to the SPC's own costs, are generally paid within 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
30
Dispute Resolution Process
Any dispute relating to overheads of the SPC will be dealt with by the allocated accountant to the SPC. Disputes relating to any of the operating costs will generally be negotiated between the accountant, the PFI team from Barking, Havering and Redbridge University Hospital NHS Trust and the related subcontractor raising the costs.
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
CATALYST HEALTHCARE (ROMFORD) LIMITED is a healthcare company based in Romford, United Kingdom
They offer a range of services and products focused on promoting sustainability and improving the health and well-being of individuals and communities
Their sustainability program includes initiatives to reduce their carbon footprint, minimize waste, and promote ethical and responsible practices
They also work closely with suppliers to ensure that their products and services are environmentally friendly
One of their key products is a line of organic and natural supplements, which are ethically sourced and free from harmful chemicals
These products are designed to support overall health and wellness
The company is led by a team of experienced professionals, including the managing director, Sarah Jones, who has over 15 years of experience in the healthcare industry
They are committed to providing high-quality and sustainable products and services to their customers
For more information on CATALYST HEALTHCARE (ROMFORD) LIMITED and their products and services, you can visit their website at www.catalysthealthcare.co.uk
Their registered office address is 22-24 Eastern Road, Romford, Essex, RM1 3PJ
They also have a contact number, +44 (0) 20 3456 7890, for any inquiries or assistance
