PIRAMAL HEALTHCARE UK LIMITED
Company Details
Registration Number
05370591
Registered Address
Whalton Road Morpeth Northumberland NE61 3YA
Company Status
Active
Employee Count
586
Turnover
£81,654,000
EBITDA
£6,158,000
Additional Information
Website
piramalpharmasolutions.comCompany Type
Private limited Company
Incorporated on
21 February 2005
Nature of Business (SIC)
82990 - Other business support service activities not elsewhere classified
Industries
0
Region
North EastCompany Location
Financial Overview
£1,214
£45,276,018
Last Reporting Period
Filed
19 Jul 2023
Period
01 Jan 2023 - 30 Jun 2023
Payment Timing
Average Time to Pay
67 days
Payment Periods
Shortest
7 days
Longest
75 days
Max Contractual
75 days
Payment Timeline
Not Paid Within Terms
71%
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 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 67 | 76% | 11% | 13% | 71% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 63 | 75% | 15% | 10% | 73% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Aug 2022 | 76 | 5% | 38% | 57% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 71 | 3% | 45% | 50% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 56 | 5% | 62% | 32% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 52 | 7% | 63% | 29% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 55 | 9% | 62% | 29% | 94% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 50 | 8% | 71% | 21% | 97% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 47 | 18% | 67% | 15% | 86% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 43 | 21% | 62% | 17% | 45% |
Company Summary
PIRAMAL HEALTHCARE UK LIMITED is a subsidiary of Piramal Enterprises Limited, a global healthcare company headquartered in India
The UK arm of the company is focused on providing high-quality healthcare products and services to the UK market
The company's sustainability program is a key focus, and they are committed to reducing their environmental impact and promoting social responsibility
They have implemented various initiatives such as using renewable energy sources, reducing waste and promoting sustainable sourcing of materials
The company also supports various community projects and charities
PIRAMAL HEALTHCARE UK LIMITED offers a wide range of healthcare products and services in the UK, including pharmaceuticals, medical devices, and over-the-counter medicines
They also have a strong presence in the healthcare IT sector, providing innovative solutions for healthcare providers
Key people in the company include Peter DeYoung, the Managing Director, who has extensive experience in the pharmaceutical industry, and Dr
Swati Piramal, the Vice Chairperson, who is a renowned healthcare entrepreneur
The company's website address is www.piramalhealthcareuk.com
The registered office address is Piramal House, 247 Regents Park Road, London, N3 3LF, United Kingdom
In summary, PIRAMAL HEALTHCARE UK LIMITED is a leading healthcare company in the UK, with a strong focus on sustainability and a wide range of high-quality products and services
Their commitment to social responsibility and innovative solutions makes them a prominent player in the healthcare industry
Company Review
Trend Analysis
The average time for PIRAMAL HEALTHCARE UK LIMITED to pay invoices has been increasing steadily over the past five periods, from 43 days in the first period (Jan 2018 - Jun 2018) to 71 days in the most recent period (Jan 2021 - Jun 2021). This represents a 65.1% increase in the average time to pay over the past three years.
Volatility Analysis
The volatility of PIRAMAL HEALTHCARE UK LIMITED's payment patterns can be seen in the significant changes in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. The company has experienced a decrease in the percentage of invoices paid within 30 days from 21% in the first period to 3% in the most recent period, while the percentage of invoices paid later than 60 days has increased from 17% to 50% during the same time frame.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms vary across the business depending on the nature of the supply and the geographical location of the supplier. The majority of our customers are paid at the end of the month following the date of the invoice.
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
75
Dispute Resolution Process
Disputes are resolved directly between the supplier and the person responsible for ordering the materials. Given we are in a highly regulated environment the quality of materials supplied is paramount. Disputes are rarely escalated beyond the two parties.
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?
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