SIMPLYHEALTH PEOPLE LIMITED
Company Details
Registration Number
05551895
Registered Address
Hambleden House Waterloo Court Andover Hampshire SP10 1LQ
Company Status
Active
Employee Count
960
Turnover
£95,072,000
EBITDA
£6,447,000
Additional Information
Website
simplyhealth.co.ukCompany Type
Private limited Company
Incorporated on
1 September 2005
Nature of Business (SIC)
86900 - Other human health activities
Industries
0
Region
South EastCompany Location
Financial Overview
£2,384,844
£9,676,316
Last Reporting Period
Filed
29 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
17 days
Payment Periods
Shortest
7 days
Longest
30 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
2%
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 | 29 Jan 2024 | 17 | 98% | 1% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 03 Aug 2023 | 17 | 99% | 1% | 0% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 18 | 98% | 2% | 0% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 19 | 94% | 5% | 1% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 19 | 95% | 4% | 1% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 21 | 95% | 5% | 0% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 21 | 97% | 3% | 0% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 21 | 97% | 3% | 0% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 22 | 84% | 15% | 1% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 5 | 100% | 0% | 0% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 12 | 97% | 0% | 3% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 8 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 8 | 100% | 0% | 0% | 0% |
Company Summary
SIMPLYHEALTH PEOPLE LIMITED is a UK-based company that specializes in providing health and wellbeing services to individuals and businesses
They offer a range of products and services aimed at promoting a healthy lifestyle and improving overall well-being
The company's sustainability program is focused on reducing their environmental impact and promoting social responsibility
They have implemented various initiatives, such as using renewable energy sources, reducing waste, and supporting local communities
SIMPLYHEALTH PEOPLE LIMITED offers a variety of products and services, including health assessments, corporate health and wellbeing programs, employee assistance programs, and health insurance plans
They also provide access to a network of health professionals, including doctors, dentists, and physiotherapists
Some of the key people at SIMPLYHEALTH PEOPLE LIMITED include the CEO, Romana Abdin, and the Director of Health and Wellbeing, Dr
Dawn Harper
They are committed to delivering high-quality services and promoting a healthy lifestyle for their customers
The company's registered office address is 1 Angel Court, London, EC2R 7HJ, United Kingdom
Their website, www.simplyhealth.co.uk, provides information about their products and services, as well as contact details for customer support and sales
Overall, SIMPLYHEALTH PEOPLE LIMITED is dedicated to promoting health and well-being in a sustainable and responsible manner
Company Review
Trend Analysis
The average time for SIMPLYHEALTH PEOPLE LIMITED to pay invoices has been decreasing over the past three periods, from 12 days in 2019 to 17 days in 2023. This indicates an improvement in their payment efficiency.
Volatility Analysis
The company's payment patterns have remained relatively stable, with only minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2022, indicating a potential issue with delayed payments during that period.
Summary Analysis
In 2019, SIMPLYHEALTH PEOPLE LIMITED had an average time to pay of 12 days, with 97% of invoices paid within 30 days and 3% paid later than 60 days. However, in 2022, their average time to pay increased to 22 days, with only 84% of invoices paid within 30 days and 15% paid later than 60 days. This was the worst period for the company in terms of late payments. In 2023, their payment efficiency improved, with an average time to pay of 17 days and 99% of invoices paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Simplyhealth People is a member of the Simplyhealth Group of companies. Simplyhealth People’s standard payment terms are 30 days from receipt of invoice. In certain cases, individual agreements are in place with suppliers which have alternative payment terms. The standard 30 day period for payment is extended by any time taken addressing invoicing queries, where an invoice is incorrect or does not contain the information required, such as a valid purchase order reference.
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
30
Dispute Resolution Process
At Simplyhealth, our purpose is strong and clear: Improving access to healthcare. We believe that keeping and earning the trust of our customers, and suppliers, is central to this purpose. We therefore endeavour to resolve all disputes in a fair and timely manner. Suppliers may initially raise disputes by e-mailing accountspayable@simplyhealth.co.uk. Disputes are co-ordinated by Simplyhealth’s central accounts payable team. In the first instance we will resolve disputes with negotiations between the authorised representatives of the parties. Any dispute that cannot be resolved through the accounts payable team can be escalated to the Head of Finance Operations & Systems and thereafter, if still unresolved, to the Group legal team. Following resolution, invoice payments are processed on a timely basis.
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?
❌
