CVS GROUP PLC
Company Information
- Company Number
- 06312831
- Registered Address
- Cvs House, Owen Road, Diss, Norfolk, England, IP22 4ER
- Status
- Active
- Employee Count
- 8,520
- Turnover
- £608,300,000
- EBITDA
- £112,700,000
Additional Details
- Website
- https://www.cvsukltd.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 13 July 2007
- Nature of Business
- 75000 - Veterinary activities
- Industries
- Environment,Agriculture And Waste
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 38 | 70% | 11% | 19% | 39% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 44 | 70% | 13% | 17% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 35 | 72% | 16% | 12% | 43% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
CVS endeavours to process all payments to the suppliers of all CVS Group companies by their due date whilst at the same time making use of twice weekly payment runs to consolidate payments into batches of an efficient size. As a result of these scheduled payment runs, invoices are usually included for payment within days of becoming due.All invoices received by CVS are processed by the centralised Accounts Payable team, located at the company’s Head Office at CVS House, Owen Road, Diss, Norfolk, IP22 4ER (email: AccountsPayable@cvsvets.com). To maximise the prompt payment of invoices, CVS encourages all suppliers to send their invoices directly to the Accounts Payable team in order that the invoice is registered as soon as possible on the company’s accounting system and promptly sent out to the business for approval.
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
90
Dispute Resolution Process
The CVS Group hasn’t published a formal dispute resolution document. However, all payment disputes for all Group companies are resolved in the same manner regardless of the size of the supplier. The company’s centralised Accounts Payable team will refer all disputed invoices to the member of staff requisitioning the goods or services for resolution. If required, the matter will be escalated within the company including involvement of Executive Directors where required. CVS endeavours to resolve all invoice disputes prior to the payment becoming due in order that no impact is made on expected payment terms.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
CVS Group PLC is a leading provider of veterinary services in the UK, with over 500 veterinary practices and a range of other related businesses. The company's main activities include veterinary surgeries, diagnostic laboratories, pet crematoria, and an online pharmacy.
One of the key focuses of CVS Group PLC is sustainability, with a dedicated sustainability program in place. This program includes initiatives such as reducing the company's carbon footprint, promoting eco-friendly practices, and supporting local communities.
In terms of products and services, CVS Group PLC offers a wide range of veterinary services, including routine check-ups, surgeries, and emergency care. They also provide a variety of pet health products, such as flea and tick treatments, prescription diets, and grooming supplies.
The company is led by a team of experienced and dedicated professionals, including the CEO Richard Connell and the Executive Chairman Richard Davis. The registered office address for CVS Group PLC is 7 Millfield Lane, Newmarket, Suffolk, CB8 0JB, United Kingdom.
For more information about CVS Group PLC and their services, you can visit their website at www.cvsukltd.co.uk. The website also includes contact information for their various practices and businesses across the UK.
