CMR SURGICAL LIMITED demonstrates an average payment time of 27 days, with a majority 64% of invoices settled within 30 days, indicating a generally prompt payment trend. However, a notable 35% of payments are classified as late, with 12% extending beyond 60 days, revealing a consistent proportion of significantly delayed settlements.
The payment profile presents a degree of unpredictability, as 35% of payments are late, including a significant 12% that exceed 60 days, directly impacting a supplier's reliable cash flow forecasting. This distribution introduces a clear risk factor for extended payment cycles on a material portion of invoices, reducing overall payment reliability.
Suppliers dealing with CMR SURGICAL LIMITED should anticipate generally prompt payments but must account for a significant risk of delays, with over one-third of payments being late. It is recommended to implement cautious credit terms, such as shorter payment windows or smaller initial credit limits, to mitigate potential cash flow disruptions from the 12% of payments extending beyond 60 days. Careful monitoring of specific invoice payment patterns will be crucial for managing this relationship effectively.
| 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 Jan 2025 - 30 Jun 2025 | 11 Aug 2025 | 27 | 64% | 24% | 12% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
PO's must be raised for all invoice's these state standard terms of EOM 60 however, our most commonly used term is 30 once agreements have been made.
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
Parties (Finance and relevant departments) attempt to resolve the issue internally through open communication. Relevant documentation and financial records are reviewed. Timeframe for response 2-15 working days depending on the nature of the dispute or disagreement.
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
CMR Surgical Limited is a Cambridge-based medical devices company that designs and manufactures Versius, a modular and portable surgical robot intended to make minimal access surgery easier for hospitals and surgeons. The company partners with hospitals and surgical teams worldwide, supporting adoption through training and a digital ecosystem that provides data and insights to improve patient outcomes. Incorporated in 2014, it has grown into a global business headquartered in Cambridge, UK, with operations and offices in several other countries. Its work combines research and development in surgical robotics with the manufacture of the associated medical instruments and supporting software systems used in clinical practice.
Generated from the company's website and Companies House records. Sources: cmrsurgical.com · cmrsurgical.com