Industry ranking
The average time to pay for GENESIS CANCER CARE UK LIMITED has fluctuated over the past three periods, with a decrease from 2020-2021 and an increase from 2021-2023.
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with a slight decrease in 2022-2023. However, there has been significant volatility in the percentage of invoices paid later than 60 days, with a sharp increase in 2022-2023 compared to the previous periods.
For GENESIS CANCER CARE UK LIMITED, there has been a decrease in the average time to pay from 2020-2021 (36 days) to 2021-2022 (39 days), followed by an increase in 2022-2023 (48 days). The percentage of invoices paid within 30 days has also decreased from 48% in 2020-2021 to 37% in 2022-2023. The worst period for late payments was in 2022-2023, with 52% of invoices paid later than 60 days.
| 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 2025 - 31 Dec 2025 | 29 Jan 2026 | 36 | 43% | 50% | 7% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Feb 2024 | 40 | 45% | 50% | 5% | 36% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Sept 2023 | 48 | 37% | 50% | 13% | 41% |
| 01 Jul 2022 - 31 Dec 2022 | 11 Feb 2023 | 49 | 36% | 52% | 12% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Aug 2022 | 52 | 48% | 41% | 12% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 39 | 40% | 51% | 9% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 56 | 34% | 50% | 16% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Mar 2021 | 36 | 48% | 44% | 8% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
payments due at the end of the month following the month of invoice.
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
Contract queries are raised to our accounts payable team for investigation. If still not resolved, these are escalated to senior management for decision.
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
GENESIS CANCER CARE UK LIMITED is an active private limited company, incorporated on 26 April 2006, based in the South East region. Registered business activity: Hospital activities.
From Companies House records.