| 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 2019 - 31 Dec 2019 | 27 Jan 2020 | 52 | 19% | 39% | 42% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 47 | 19% | 49% | 32% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 26 Mar 2019 | 50 | 23% | 42% | 35% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Mar 2019 | 54 | 19% | 34% | 47% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90% are end of month plus 45 days i.e average of 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
Immediate contact with supplier and resolve disputes within 7 days
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
Orthoplastics Limited, based in Bacup, Lancashire, manufactures medical-grade ultra-high-molecular-weight polyethylene (UHMWPE) and other implantable-grade plastics for the orthopaedic device industry. Its materials, including crosslinked and Vitamin E-stabilised UHMWPE, Radel and Acetal, are used in hip, knee, shoulder, elbow, ankle and finger implants. The company also offers component machining, direct compression moulding, research and design support, and UKAS-accredited laboratory testing services to help device manufacturers develop and produce implant components. It operates from a 145,000 sq ft facility in the UK and holds ISO 9001, ISO 13485 and ISO 14001 accreditations. Orthoplastics is part of the Viant corporation, a wider group supplying the medical device manufacturing sector.
Generated from the company's website and Companies House records. Sources: orthoplastics.com · orthoplastics.com · orthoplastics.com