The average time taken for Independent Vetcare Limited to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period compared to the previous two periods. The percentage of invoices paid within 30 days has also fluctuated, with the highest percentage in the most recent period and the lowest in the second most recent period. The percentage of invoices paid later than 60 days has remained relatively stable, with a slight increase in the most recent period compared to the previous two periods.
The volatility in Independent Vetcare Limited's average time to pay invoices has been relatively low, with only a slight increase in the most recent period compared to the previous two periods. The volatility in the percentage of invoices paid within 30 days has also been low, with a slight increase in the most recent period compared to the previous two periods. The volatility in the percentage of invoices paid later than 60 days has been the lowest, with consistent numbers over the past three periods.
In the past three periods, Independent Vetcare Limited has shown a slight increase in the average time taken to pay invoices, with a fluctuation in the percentage of invoices paid within 30 days. The percentage of invoices paid later than 60 days has remained relatively stable. In the most recent period, there has been an improvement in paying invoices within 30 days, but there has been an increase in the percentage of invoices paid later than 60 days compared to the previous two 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 2023 - 30 Sept 2023 | 08 Feb 2024 | 58 | 37% | 19% | 44% | 28% |
| 01 Oct 2022 - 31 Mar 2023 | 08 Feb 2024 | 60 | 37% | 18% | 45% | 13% |
| 01 Apr 2022 - 30 Sept 2022 | 08 Feb 2024 | 64 | 35% | 11% | 54% | 17% |
| 01 Oct 2021 - 31 Mar 2022 | 08 Feb 2024 | 68 | 34% | 17% | 49% | 17% |
| 01 Apr 2021 - 30 Sept 2021 | 10 Feb 2022 | 69 | 45% | 20% | 35% | 50% |
| 01 Oct 2020 - 31 Mar 2021 | 10 May 2021 | 74 | 38% | 18% | 44% | 60% |
| 01 Apr 2020 - 30 Sept 2020 | 21 Oct 2020 | 63 | 41% | 13% | 46% | 60% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 56 | 40% | 12% | 47% | 69% |
| 01 Apr 2019 - 30 Sept 2019 | 02 Dec 2019 | 51 | 43% | 8% | 49% | 74% |
| 01 Oct 2018 - 31 Mar 2019 | 02 Dec 2019 | 57 | 49% | 11% | 40% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 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
90
Purchase ledger helpdesk - contacted via phone or email
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
Independent Vetcare Limited is registered at Companies House under number 07746795, with veterinary activities recorded as its nature of business. Companies House filing history shows the company now trades as Inspiring Vet Care Limited, indicating a change from its original registered name. The company remains active and has filed accounts and confirmation statements consistent with an operating business rather than a dormant or holding entity. Evidence from Companies House filings confirms multiple director appointments and terminations over recent years, alongside registered charges, but does not describe specific services offered beyond the stated veterinary activities classification. No further detail on operational scale, client base or group structure is provided in the available evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk