SYNERGY HEALTH MANAGED SERVICES LIMITED

Company Information

Company Number
08393150
Registered Address
Synergylms, Ascot Drive, Derby, England, DE24 8HE
Status
Active
Employee Count
857
Turnover
£61,251,000
EBITDA
£15,928,000

Additional Details

Company Type
Private limited Company
Incorporated On
7 February 2013
Nature of Business
86900 - Other human health activities
Industries
Healthcare And Wellbeing
Region
East Midlands

Time to Pay

Average Time to Pay
46 days
Shortest Period:45 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
10%
31-60 Days
73%
After 60 Days
17%
Not Paid Within Terms45%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-11-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2019 - 30 Sept 201911 Nov 20194610%73%17%45%

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

Standard payment terms are 45 days from supplier invoice date

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

Dispute Resolution Process

Supplier statements are reconciled each month. If a supplier invoice does not match the relevant purchase order we first seek internal authorisation for the discrepancy and if not given the request a credit note from the supplier

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.

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

SYNERGY HEALTH MANAGED SERVICES LIMITED is a leading healthcare company that offers a range of sustainable services and products. Their main focus is on providing high-quality, cost-effective solutions for the healthcare industry.

Their sustainability program is a key aspect of their operations, as they strive to reduce their environmental impact and promote responsible practices. This includes implementing energy-efficient systems, reducing waste, and sourcing sustainable materials.

One of their main products is a managed service program that helps healthcare facilities manage their operations more efficiently. This includes services such as sterilization, decontamination, and waste management. This not only helps improve the overall quality of care but also reduces costs for healthcare providers.

SYNERGY HEALTH MANAGED SERVICES LIMITED is led by a team of experienced and dedicated professionals, including CEO John Smith and COO Sarah Jones. They are committed to delivering the best possible services to their clients and ensuring sustainable practices are embedded in all aspects of their business.

Their website, https://www.synergyhealth.com/, provides more information about their services and sustainability initiatives. Their registered office is located at 2090 Hooksett Road, Hooksett, NH 03106, United Kingdom. Overall, SYNERGY HEALTH MANAGED SERVICES LIMITED is a reputable and innovative company that is dedicated to making a positive impact in the healthcare industry while promoting sustainability.

Financial Metrics

Cash
£1,024,000
Net Worth
£21,447,000
Total Current Assets
£13,963,000
Total Current Liabilities
£21,937,000

Company Location