MEDICLINIC GROUP LIMITED
Company Information
- Company Number
- 08338604
- Registered Address
- 19th Floor 51 Lime Street, London, United Kingdom, EC3M 7DQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- -£323,452,000
Additional Details
- Website
- http://mediclinic.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 20 December 2012
- Nature of Business
- 86101 - Hospital activities
- Industries
- Healthcare And Wellbeing, Life Sciences And Medical Technology, Primary Care
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
MEDICLINIC GROUP LIMITED demonstrates a strong average payment time of 15 days, with 83% of invoices settled within 30 days. Despite 45% of payments being categorized as late, the trajectory indicates that virtually all (99%) are resolved within 60 days. This suggests a pattern of generally fast payments, offset by a segment of invoices experiencing moderate delays.
Volatility Analysis
While the average payment is quick, the 45% late payment rate introduces a degree of variability in individual invoice payment times, impacting short-term cash flow predictability. However, the complete absence of payments over 60 days provides a strong floor for expected maximum delay. This indicates a manageable risk profile where payments, even if late, reliably conclude within a two-month window.
Summary Analysis
Overall, MEDICLINIC GROUP LIMITED presents as a moderately reliable payer for suppliers, with excellent average payment times balanced by a notable percentage of late, yet still relatively short, delays. Suppliers should anticipate that while most payments will be prompt, almost half may extend beyond initial terms but will predictably clear within 60 days. Consider standard payment terms but maintain vigilance on overdue accounts, with confidence that severe long-term delinquency is unlikely.
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 2023 - 30 Sept 2023 | 12 Dec 2023 | 12 | 98% | 2% | 0% | 53% |
| 01 Oct 2022 - 31 Mar 2023 | 12 Dec 2023 | 15 | 83% | 16% | 0% | 45% |
| 01 Apr 2022 - 30 Sept 2022 | 03 Nov 2022 | 20 | 86% | 9% | 5% | 52% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 21 | 86% | 9% | 5% | 37% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 18 | 84% | 11% | 5% | 49% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 31 | 88% | 6% | 6% | 42% |
| 01 Apr 2020 - 30 Sept 2020 | 03 Nov 2020 | 27 | 82% | 11% | 7% | 54% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 36 | 71% | 11% | 18% | 64% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 20 | 87% | 5% | 8% | 55% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 25 | 78% | 8% | 14% | 57% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 28 | 67% | 23% | 10% | 51% |
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
Mediclinic policy is to pay suppliers within the agreed credit term of 30 days. Minor payments may occur if the invoice is received shortly after the fortnightly payment run. Disputed ammounts may also result in processing delays. There is no stipulated maximum contractual payment report. A lot of suppliers have payment terms payable on presentation, these are paid as soon as possible but there will be a delay between authorisation of the invoice , and the processing of the invoice and payment,
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
30
Dispute Resolution Process
Any payment disputes are considered by the relevant department head and, if necessary , the Group Financial Manager. Disputes are usually resolved within 30 days.
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
MEDICLINIC GROUP LIMITED is an active private limited company. Its name indicates involvement in the medical clinic sector, operating as a group.
Registered in the United Kingdom, the company was incorporated on 20 December 2012, bearing company number 08338604. Its registered office is located at 19th Floor 51 Lime Street, London, EC3M 7DQ.
Companies operating as a group within the medical clinic sector typically oversee a portfolio of healthcare facilities in the UK market. They provide a range of medical services, including general practitioner consultations, specialist treatments, diagnostic services, and outpatient procedures.
