PORTMAN HEALTHCARE LIMITED
Company Information
- Company Number
- 06740579
- Registered Address
- Rosehill, New Barn Lane, Cheltenham, Gloucestershire, England, GL52 3LZ
- Status
- Active
- Employee Count
- 2,798
- Turnover
- £278,874,000
- EBITDA
- £22,641,000
Additional Details
- Website
- http://101bathroad.com/
- Company Type
- Private limited Company
- Incorporated On
- 4 November 2008
- Nature of Business
- 86900 - Other human health activities
- Industries
- Primary Care
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
PORTMAN HEALTHCARE LIMITED exhibits an average payment time of 35 days, indicating a consistent tendency to pay slightly beyond standard 30-day terms. While 62% of payments are made within 30 days, a substantial 29% fall into the 31-60 day bracket, showing a clear trajectory for a notable portion of invoices to extend past initial due dates.
Volatility Analysis
The 32% late payment rate, coupled with 9% of payments extending over 60 days, suggests a notable degree of payment unpredictability for suppliers. While a majority of invoices are settled promptly, suppliers should anticipate that nearly one-third of payments may not adhere to agreed-upon terms, impacting reliable cash flow forecasting.
Summary Analysis
Suppliers should proceed with caution when establishing terms with PORTMAN HEALTHCARE LIMITED due to the moderate risk of payment delays. It is advisable to factor in potential cash flow impacts from the 32% late payment rate and consider negotiating shorter payment terms or implementing stricter credit policies to mitigate risk.
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 2024 - 30 Sept 2024 | 24 Oct 2024 | 34 | 66% | 24% | 10% | 30% |
| 01 Oct 2023 - 31 Mar 2024 | 25 Apr 2024 | 35 | 62% | 29% | 9% | 32% |
| 01 Apr 2023 - 30 Sept 2023 | 24 Oct 2023 | 28 | 68% | 27% | 5% | 31% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 31 | 54% | 38% | 8% | 41% |
| 01 Apr 2022 - 30 Sept 2022 | 02 Nov 2022 | 31 | 54% | 37% | 9% | 47% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 31 | 55% | 37% | 8% | 48% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 30 | 59% | 33% | 8% | 42% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 28 | 61% | 33% | 6% | 48% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 35 | 42% | 37% | 21% | 57% |
| 01 Oct 2019 - 31 Mar 2020 | 01 May 2020 | 29 | 52% | 36% | 12% | 36% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 31 | 48% | 45% | 7% | 20% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 25 | 69% | 25% | 6% | 14% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 32 | 51% | 41% | 8% | 35% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 34 | 35% | 56% | 9% | 32% |
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
The majority of Portman's suppliers are on Portman's standard terms where conditions of purchase are set to 30 days payment terms. This is stipulated in the market tenders inviting commercial proposals, although some suppliers provide longer payment terms as part of the formal negotiation to provide a more attractive commercial model. Any payment terms less than 30 days agreed in advance with the relevant senior management.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
90
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to both party's satisfaction prior to payment being made. In the first instance, invoice queries are managed by the Accounts Payable Team. Senior Managers from both the Finance and Operations Team review follow up activities on outstanding queries each month. An escalation process is in place whereby items not satisfactorily resolved in the first instance are escalated to the Finance Director (UK & IRE) and ultimately to the UK & IRE CFO.
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.
❌
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
Portman Healthcare Limited is an active private limited company operating within the healthcare sector.
Incorporated on 4 November 2008 with company number 06740579, Portman Healthcare Limited has its registered office at Rosehill, New Barn Lane, Cheltenham, Gloucestershire, England, GL52 3LZ. Its operations are based in the South West of England.
In the UK market, active private limited companies specialising in healthcare typically provide a broad spectrum of services. These often include the delivery of primary and secondary medical care, specialist treatments, dental services, and various forms of care provision such as residential or domiciliary support.
