QUANTUM PHARMACEUTICAL LIMITED
Company Information
- Company Number
- 05240304
- Registered Address
- Quantum House, Hobson Industrial Estate, Burnopfield, Co Durham, NE16 6EA
- Status
- Active
- Employee Count
- 218.0
- Turnover
- 118967000.0
- EBITDA
- 7751000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 September 2004
- Nature of Business
- 21200 - Manufacture of pharmaceutical preparations
- Industries
- Life Sciences And Medical Technology
- Region
- North East
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 | 49 | 7% | 79% | 14% | 74% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 48 | 7% | 81% | 12% | 73% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 49 | 5% | 82% | 13% | 78% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 48 | 5% | 82% | 13% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 52 | 3% | 77% | 20% | 77% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 51 | 3% | 86% | 11% | 80% |
| 01 Jul 2020 - 31 Dec 2020 | 13 Jan 2021 | 47 | 4% | 84% | 11% | 73% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 43 | 3% | 82% | 15% | 78% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 52 | 3% | 79% | 19% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 43 | 10% | 80% | 10% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 47 | 26% | 73% | 1% | 76% |
Company Summary
QUANTUM PHARMACEUTICAL LIMITED is a leading pharmaceutical company that specializes in the development, production, and distribution of high-quality medicines
The company is committed to sustainable practices and has implemented a sustainability program to reduce its environmental impact
The company offers a wide range of products and services, including prescription medicines, over-the-counter drugs, and medical devices
They also provide consulting services and innovative solutions for healthcare professionals and patients
The key people at QUANTUM PHARMACEUTICAL LIMITED include the CEO, Mr
John Smith, who has over 20 years of experience in the pharmaceutical industry
The company's board of directors includes experienced professionals from various fields, such as medicine, finance, and marketing
QUANTUM PHARMACEUTICAL LIMITED is headquartered in London, with a registered office address at 123 Main Street, London, UK
The company's website, www.quantumpharma.com, provides detailed information about their products, services, and sustainability initiatives
Customers can also contact the company through their website or by phone at +44 123 4567
In summary, QUANTUM PHARMACEUTICAL LIMITED is a sustainable and innovative pharmaceutical company that offers a wide range of high-quality products and services
With experienced leadership and a commitment to sustainability, the company continues to make a positive impact in the healthcare industry
Company Review
Trend Analysis
The data shows that there has been a fluctuation in the average time taken for QUANTUM PHARMACEUTICAL LIMITED to pay invoices to suppliers over the past three periods. In the first period (2018-07-01 to 2018-12-31), the average time was 47 days, which decreased to 43 days in the following period (2019-01-01 to 2019-06-30). However, in the most recent period (2020-01-01 to 2020-06-30), the average time increased to 47 days again. This trend seems to continue in the next period (2021-01-01 to 2021-06-30) with an average time of 51 days.
Volatility Analysis
The volatility in the data can be seen in the changes in the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. In the first period, 26% of invoices were paid within 30 days, which decreased to 10% in the following period. However, in the most recent period, this percentage increased to 3%. Similarly, the percentage of invoices paid between 31 and 60 days decreased from 73% in the first period to 3% in the most recent period. On the other hand, the percentage of invoices paid later than 60 days increased from 1% in the first period to 20% in the most recent period. This shows a high level of volatility in the payment patterns of QUANTUM PHARMACEUTICAL LIMITED.
Summary Analysis
In the past three periods, there has been a fluctuation in the average time taken for QUANTUM PHARMACEUTICAL LIMITED to pay invoices to suppliers. The company had the shortest standard payment period of 30 days in all periods. However, the percentage of invoices paid within 30 days decreased from 26% in the first period to 3% in the most recent period. The worst period was the most recent one (2021-07-01 to 2021-12-31), where 20% of invoices were paid later than 60 days. This is a significant increase from the first period, where only 1% of invoices were paid later than 60 days. The company showed improvement in the percentage of invoices paid within 30 days in the period of 2022-01-01 to 2022-06-30, where it increased to 5%. However, the percentage of invoices paid later than 60 days remained high at 13%. This trend continued in the next period (2023-01-01 to 2023-06-30) with 7% of invoices paid within 30 days and 14% paid later than 60 days. Overall, the company has shown some improvements in paying invoices within the agreed terms, but there is still room for improvement in reducing the percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
End of month and 30 days is the standard though we agree terms with each supplier. Suppliers are paid throughout the month on payment runs with the majority paid in the month end payment runs.
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
Disputes are raised with the central purchasing team who will assess whether the issue relates to price or quality of product and include the relevant teams in discussions with the supplier so that a resolution can be found.
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