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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Normally Net 30 Days
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
60
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.
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
Systagenix Wound Management Manufacturing, Limited is a private limited company based in Ashton-under-Lyne, Lancashire, incorporated in 2008 and currently active. Its name and registered business activity point to a role in manufacturing wound care products. Companies House records show links to Kinetic Concepts Inc and Mativ Holdings, Inc. through past director and officer correspondence addresses, indicating the company operates as part of a wider international group involved in wound management. No further detail on specific products, customers or trading operations is available from the supplied evidence beyond its manufacturing role within this corporate group.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk