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.
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%.
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%.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
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 - gbasupplierinfo@molnlycke.com
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
REGENT MEDICAL LIMITED is an active private limited company, incorporated on 16 April 2004, based in the North West region. Registered business activity: Other human health activities.
From Companies House records.