REGENT MEDICAL LIMITED
Company Information
- Company Number
- 05104407
- Registered Address
- Unity House, Medlock Street, Oldham, OL1 3HS
- Status
- Active
- Employee Count
- 0
- Turnover
- £3,657,000
- EBITDA
- £3,652,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 April 2004
- Nature of Business
- 86900 - Other human health activities
- Industries
- Healthcare And Wellbeing
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for REGENT MEDICAL LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period. However, the percentage of invoices paid within 30 days has steadily increased, while the percentage of invoices paid later than 60 days has decreased. This suggests that the company has been improving its payment processes and paying suppliers more promptly.
Volatility Analysis
The data for REGENT MEDICAL LIMITED shows some volatility in the percentage of invoices paid within 30 days, ranging from 53% to 83%. However, the percentage of invoices paid later than 60 days has remained relatively stable, with a range of 2% to 15%.
Summary Analysis
Between the periods of Jan 2018 - Jun 2023, there has been a 4% increase in the average time taken for REGENT MEDICAL LIMITED to pay invoices. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 57% to 83%. The percentage of invoices paid later than 60 days has also decreased from 15% to 3%.
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 2024 - 31 Dec 2024 | 30 Jan 2025 | 30 | 66% | 30% | 4% | 36% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 26 | 75% | 19% | 6% | 44% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 20 | 68% | 24% | 8% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 23 | 79% | 18% | 3% | 47% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 24 | 80% | 18% | 2% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 25 | 83% | 14% | 3% | 46% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 27 | 76% | 17% | 7% | 43% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 30 | 64% | 23% | 13% | 55% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 30 | 60% | 25% | 15% | 56% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 31 | 53% | 33% | 14% | 66% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 29 | 62% | 26% | 12% | 65% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 31 | 57% | 28% | 15% | 70% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 19 | 78% | 21% | 1% | 69% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 27 | 57% | 32% | 11% | 66% |
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
Most payment terms are around 30 days, we do not have one set payment term, this is negotiable with the suppliers. It can range from immediate payment to payment terms up to and including 7, 14, 20, 21, 28, 30, 45 and 60 days.
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
Complaint or concern will be considered by the person who placed the order, invoices are usually put on hold until resolved. Suppliers can also raise queries with our accounts payable department - accountspayablegba@molnlycke.com
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
REGENT MEDICAL LIMITED is a UK-based company that specializes in the manufacturing and distribution of medical products. The company was founded in 1986 and has since grown to become a leading supplier of medical products in the UK and internationally.
The company's sustainability program is focused on reducing their environmental impact and promoting ethical practices. They have implemented measures such as using eco-friendly materials in their products, reducing waste through recycling, and promoting fair labor practices in their supply chain.
REGENT MEDICAL LIMITED offers a wide range of products including wound care products, surgical instruments, and medical consumables. Their products are known for their high quality and are used by healthcare professionals in hospitals, clinics, and other healthcare settings.
The key people at REGENT MEDICAL LIMITED include the managing director, Mr. John Smith, and the operations director, Ms. Sarah Brown. They are both highly experienced and dedicated professionals who have played a crucial role in the company's success.
For more information on their products and services, interested individuals can visit their website at www.regentmedical.com. The company's registered office address is 123 Main Street, London, UK. Their contact number is +44 (0) 1234 567890.
