PRIORY REHABILITATION SERVICES LIMITED
Company Information
- Company Number
- 06244877
- Registered Address
- Fifth Floor, 80 Hammersmith Road, London, W14 8UD
- Status
- Active
- Employee Count
- 485.0
- Turnover
- 25452000.0
- EBITDA
- 2938000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 May 2007
- Nature of Business
- 86101 - Hospital activities
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 | 30 Jan 2024 | 18 | 89% | 8% | 3% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 22 | 79% | 15% | 6% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 20 | 87% | 8% | 5% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 21 | 81% | 13% | 6% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 20 | 80% | 14% | 6% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 22 | 81% | 13% | 6% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 23 | 79% | 15% | 6% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 19 | 81% | 16% | 3% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 21 | 76% | 20% | 4% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 34 | 57% | 32% | 11% | 63% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 32 | 55% | 39% | 6% | 63% |
Company Summary
PRIORY REHABILITATION SERVICES LIMITED is a leading provider of rehabilitation services in the United Kingdom
The company offers a range of services aimed at helping individuals recover from physical injuries or mental health issues
Their sustainability program focuses on reducing their environmental impact and promoting social responsibility
This includes implementing energy-efficient practices, reducing waste, and supporting local communities through charitable initiatives
PRIORY REHABILITATION SERVICES LIMITED offers a wide range of products and services, including physiotherapy, occupational therapy, speech and language therapy, and psychological support
They also provide vocational rehabilitation services to help individuals return to work after an injury or illness
The company is led by a team of experienced professionals, including their CEO, Sarah Hughes, who has over 20 years of experience in the healthcare industry
They are committed to providing high-quality services and promoting a culture of continuous improvement
PRIORY REHABILITATION SERVICES LIMITED can be contacted through their website at www.priorygroup.com or by visiting their registered office at 80 Hammersmith Road, London, W14 8UD
Overall, the company is dedicated to helping individuals achieve their full potential and lead fulfilling lives through their sustainable and innovative rehabilitation services
Company Review
Trend Analysis
The data shows a consistent decrease in the average time taken for PRIORY REHABILITATION SERVICES LIMITED to pay invoices to suppliers over the past three periods. This trend is reflected in the increasing percentage of invoices paid within 30 days and the decreasing percentage of invoices paid later than 60 days. There was a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period, but it remains lower than previous periods.
Volatility Analysis
The data for PRIORY REHABILITATION SERVICES LIMITED shows a relatively stable pattern in terms of the average time taken to pay invoices. The fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days are relatively small, while the percentage of invoices paid later than 60 days and not paid within agreed terms remains consistently low.
Summary Analysis
Between Jan 2018 and June 2023, PRIORY REHABILITATION SERVICES LIMITED has shown a consistent improvement in their payment practices. The average time to pay invoices has decreased from 32 days to 18 days, with a peak of 21 days in Jan 2019. The percentage of invoices paid within 30 days has increased from 55% to 89%, with a low of 76% in Jan 2019. The percentage of invoices paid later than 60 days has significantly decreased from 6% to 3%, with a high of 11% in Jan 2018. The percentage of invoices not paid within agreed terms has also improved, decreasing from 63% to 4%, with a high of 63% in Jan 2018.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard contractual length of time for the payment of invoices is established as: Shortest standard payment period is 0 days Longest standard payment period is 60 days. As an organisation we do not require or make available early settlement discounts as part of any contractual agreement.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
There have been no changes to our standard payment terms however should a supplier have been newly appointed during the reporting period then our standard internal payment terms are made known on the supplier set up form as issued to the supplier for completion at the time of appointment. Additionally, from January 2019 scheduled payments to suppliers are now made four times in each calendar month, previously paid twice monthly.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Disputes relating to payment are referred to the Group Accounts Payable Manager located at the Priory Group Northern Office, Middleton St George in the first instance to determine the reasons for such disputes. Thereafter follows an established process involving discussions with the supplier in question, operational teams, Group Purchasing and other central support services personnel as needed in an effort to satisfactorily resolve such disputes in a timely manner.
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?
No information available
