ARIA HEALTHCARE GROUP LTD exhibits a consistent trend of slower payments, with an average payment time of 49 days and 59% of invoices being paid late. While 42% are settled within 30 days, a substantial 29% of payments extend beyond 60 days, indicating a consistent pattern of extended payment cycles. This suggests suppliers should anticipate payments taking well over the standard 30-day period.
The payment profile of ARIA HEALTHCARE GROUP LTD shows considerable volatility, with nearly three-fifths of payments (59%) being late. The significant portion (29%) of payments extending beyond 60 days introduces unpredictability regarding when a substantial number of invoices will be settled. This distribution highlights a lack of consistent payment adherence, making it challenging for suppliers to forecast cash flow accurately.
Suppliers should approach ARIA HEALTHCARE GROUP LTD with caution due to the high 59% late payment rate and 49-day average payment time. Key decision factors include the substantial risk of payments extending beyond 60 days (29%) and overall payment unpredictability. To mitigate risk, suppliers should consider requesting shorter payment terms, implementing stricter credit limits, or requiring partial upfront payments.
| 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 2022 - 30 Sept 2022 | 27 Oct 2022 | 49 | 42% | 29% | 29% | 59% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 45 | 41% | 39% | 20% | 50% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 39 | 45% | 40% | 15% | 38% |
| 01 Oct 2020 - 30 Mar 2021 | 30 Apr 2021 | 47 | 36% | 45% | 19% | 53% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 42 | 54% | 22% | 24% | 46% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 51 | 30% | 39% | 31% | 64% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 47 | 32% | 42% | 26% | 59% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 46 | 28% | 49% | 23% | 63% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 38 | 47% | 40% | 13% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company's standard payment terms are 30 days from receipt of invoice, which is also the maximum contractual period. There have been no changes to these standard terms in the period.
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
30
Provided the goods/services have been supplied as agreed the invoice will be approved for payment. If there is a dispute the supplier will need to evidence to the invoice approver that the goods/services have been supplied to an acceptable standard.
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
ARIA HEALTHCARE GROUP LTD is an active private limited company operating within the healthcare sector. The company's name, including 'Healthcare Group', indicates its focus on providing or managing services within the medical and care industries.
The company is registered in the United Kingdom under company number 06367517. It was incorporated on 11 September 2007 and maintains its registered office at 6th Floor One London Wall, London, EC2Y 5EB.
As a healthcare group, such an organisation in the UK typically provides a range of services within the medical and care sectors. These often include the provision of healthcare facilities, medical services, healthcare consultancy, or the supply of related products and equipment.