SYSTAGENIX WOUND MANAGEMENT MANUFACTURING LIMITED
Company Information
- Company Number
- 06682392
- Registered Address
- 997 Manchester Road, Ashton-Under-Lyne, Lancashire, United Kingdom, OL7 0ED
- Status
- Active
- Employee Count
- 262
- Turnover
- £42,334,000
- EBITDA
- £4,919,000
Additional Details
- Website
- https://systagenix.com
- Company Type
- Private limited Company
- Incorporated On
- 27 August 2008
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for SYSTAGENIX WOUND MANAGEMENT MANUFACTURING, LIMITED to pay invoices has decreased over the past three periods, going from 48 days in the first period to 39 days in the third period. This indicates that the company is paying invoices more quickly.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with a slight decrease from 38% in the first period to 36% in the third period. However, there has been more volatility in the percentage of invoices paid between 31 and 60 days, with a high of 54% in the first period and a low of 50% in the second period. The percentage of invoices paid later than 60 days has also fluctuated, reaching a high of 9% in both the second and third periods. Overall, there seems to be some inconsistency in the company's payment patterns.
Summary Analysis
In the first period, SYSTAGENIX WOUND MANAGEMENT MANUFACTURING, LIMITED took an average of 48 days to pay invoices, with 38% of invoices being paid within 30 days, 54% being paid between 31 and 60 days, and 8% being paid later than 60 days. In the second period, the average time to pay decreased to 40 days, with 41% of invoices being paid within 30 days, 50% being paid between 31 and 60 days, and 9% being paid later than 60 days. In the third period, the average time to pay further decreased to 39 days, with 36% of invoices being paid within 30 days, 55% being paid between 31 and 60 days, and 9% being paid later than 60 days. The company has shown a consistent trend of paying invoices faster over the past three periods, with a slight increase in the percentage of invoices paid within 30 days and a decrease in the percentage paid between 31 and 60 days. However, there has been some volatility in the percentage of invoices paid later than 60 days, reaching a high of 9% in both the second and third periods.
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 2019 - 30 Sept 2019 | 29 Oct 2019 | 39 | 36% | 55% | 9% | 64% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 40 | 41% | 50% | 9% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 48 | 38% | 54% | 8% | 83% |
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
Normally Net 30 Days
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
60
Dispute Resolution Process
In the event of a dispute the originator of the purchase order or contract would try to resolve with the supplier. If this is not achieved, the Senior Leader within the business for the relevant function and the Finance Director will assess and provide an action plan.
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.
❌
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.
❌
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
SYSTAGENIX WOUND MANAGEMENT MANUFACTURING, LIMITED is a leading global company that specializes in the production of advanced wound care products. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact and promote social responsibility.
Their sustainability program includes using sustainable materials in their products, reducing waste and emissions in their manufacturing processes, and supporting local communities through various charitable programs.
Some of the key products offered by SYSTAGENIX WOUND MANAGEMENT MANUFACTURING, LIMITED include dressings, bandages, and skin care products that are designed to promote healing and prevent infections. These products are used in a variety of healthcare settings, including hospitals, clinics, and home care.
The key people in the company include the CEO, David B. Parker, who has over 20 years of experience in the healthcare industry, and the Managing Director, Sarah Bryant, who has extensive knowledge in wound management and product development.
The company's website address is www.systagenix.com, where customers can find information about their products, services, and sustainability efforts. The registered office address is 3 Forbury Place, Forbury Road, Reading, Berkshire, RG1 3YL, United Kingdom.
In summary, SYSTAGENIX WOUND MANAGEMENT MANUFACTURING, LIMITED is a socially responsible company that produces high-quality wound care products while prioritizing sustainability. With a strong leadership team and a commitment to making a positive impact, the company continues to be a leader in the wound management industry.
