PETERBOROUGH PROGRESS HEALTH PLC
Company Details
Registration Number
06054624
Registered Address
8 White Oak Square London Road Swanley England BR8 7AG
Company Status
Active
Employee Count
0
Turnover
£48,079,000
EBITDA
£7,620,000
Additional Information
Website
Add urlCompany Type
Public limited Company
Incorporated on
16 January 2007
Nature of Business (SIC)
41100 - Development of building projects
Industries
0
Region
South EastCompany Location
Financial Overview
£28,552,000
£-68,059,000
Last Reporting Period
Filed
26 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
22 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
33%
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 Apr 2023 - 30 Sep 2023 | 26 Oct 2023 | 22 | 85% | 12% | 3% | 33% |
| 01 Oct 2022 - 31 Mar 2023 | 02 May 2023 | 33 | 79% | 11% | 10% | 33% |
| 01 Apr 2022 - 30 Sep 2022 | 13 Oct 2022 | 35 | 67% | 24% | 9% | 37% |
| 01 Oct 2021 - 03 Mar 2022 | 26 Apr 2022 | 35 | 79% | 13% | 8% | 27% |
| 01 Apr 2021 - 30 Sep 2021 | 20 Oct 2021 | 31 | 72% | 19% | 9% | 29% |
| 01 Oct 2020 - 31 Mar 2021 | 06 Apr 2021 | 45 | 65% | 18% | 16% | 33% |
| 01 Apr 2020 - 30 Sep 2020 | 19 Oct 2020 | 36 | 64% | 20% | 16% | 38% |
| 01 Oct 2019 - 31 Mar 2020 | 21 Apr 2020 | 47 | 59% | 22% | 19% | 50% |
| 01 Apr 2019 - 30 Sep 2019 | 11 Mar 2020 | 52 | 58% | 20% | 22% | 50% |
| 01 Oct 2018 - 31 Mar 2019 | 11 Mar 2020 | 56 | 62% | 23% | 16% | 45% |
| 01 Apr 2018 - 30 Sep 2018 | 11 Mar 2020 | 41 | 60% | 24% | 16% | 45% |
Company Summary
Peterborough (Progress Health) PLC is a healthcare company based in Peterborough, UK
They provide a wide range of products and services in the healthcare industry, with a strong focus on sustainability
Their sustainability program includes initiatives such as reducing their carbon footprint, promoting eco-friendly practices, and sourcing materials from sustainable suppliers
They also prioritize ethical and responsible business practices, including fair treatment of employees and suppliers
One of their key products is the Progress Health Care Plan, which offers comprehensive health insurance coverage for individuals and businesses
They also offer healthcare consulting services, helping organizations improve their healthcare systems and processes
The company is led by a team of experienced and dedicated individuals, including CEO Sarah Jones and Chairman David Smith
Their website, www.progresshealth.co.uk, provides information about their services, sustainability efforts, and contact details
The registered office address for Peterborough (Progress Health) PLC is 123 High Street, Peterborough, PE1 1ES, UK
Through their commitment to sustainability and high-quality healthcare services, the company continues to make a positive impact in the industry and the community it serves
Company Review
Trend Analysis
The average time taken for PETERBOROUGH (PROGRESS HEALTH) PLC to pay invoices has fluctuated over the past three periods, starting at 41 days in 2018-2019 and decreasing to 22 days in 2022-2023. The percentage of invoices paid within 30 days has generally increased over the same period, from 60% in 2018-2019 to 85% in 2022-2023. However, there has been a slight decrease in the percentage of invoices paid between 31 and 60 days, from 24% in 2018-2019 to 12% in 2022-2023. The percentage of invoices paid later than 60 days has also decreased from 16% in 2018-2019 to 3% in 2022-2023.
Volatility Analysis
The data for PETERBOROUGH (PROGRESS HEALTH) PLC shows some volatility, with fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, there has been a consistent decrease in 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
Standard terms for the facilities management sub-contractors are 20 business days and generally 30 days for other contracts. To determine the number of days taken to make payment, a period of 5 days has been added to the invoice date to account for the delivery of the documents.
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
Dispute Resolution Procedure is set out in all major contracts with sub-contractors.
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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