BESTWAY NATIONAL CHEMISTS LIMITED
Company Information
- Company Number
- 09225457
- Registered Address
- Merchants Warehouse Castle Street, Castlefield, Manchester, M3 4LZ
- Status
- Active
- Employee Count
- 0
- Turnover
- £716,593,000
- EBITDA
- £26,660,000
Additional Details
- Website
- https://finder.well.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 18 September 2014
- Nature of Business
- 47730 - Dispensing chemist in specialised stores
- Industries
- Healthcare And Wellbeing
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for BESTWAY NATIONAL CHEMISTS LIMITED to pay invoices to suppliers has been decreasing over the last three periods, from 48 days in 2019 to 39 days in 2022.
Volatility Analysis
The volatility in the average time taken to pay invoices has been relatively low, with only a 2-day difference between the highest and lowest reported averages over the three periods.
Summary Analysis
In the first three periods, there was a steady improvement in BESTWAY NATIONAL CHEMISTS LIMITED's payment practices, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days.
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 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 39 | 72% | 2% | 26% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 41 | 66% | 3% | 31% | 41% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 41 | 64% | 4% | 32% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 41 | 64% | 4% | 32% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 41 | 63% | 4% | 33% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 42 | 59% | 6% | 35% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 |
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
Goods For Resale Wholesale is 30th month following invoice date (up to 60 days end of month ). Goods Not For Resale and Goods For Resale Retail is 60 Days End Of Month However, there are non-standard supplier payment terms which are shorter and longer than the standard terms.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Supplier makes contact with buyer of goods/services in case of dispute. All queries are answered in a timely manner. Invoice is typically placed on hold until dispute has been resolved
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
BESTWAY NATIONAL CHEMISTS LIMITED is a leading pharmaceutical and healthcare company in the United Kingdom. They have been in operation since 1976 and are committed to providing high-quality products and services to their customers.
The company has a strong focus on sustainability and is dedicated to reducing their environmental impact. They have implemented various initiatives such as reducing waste, promoting recycling, and using sustainable packaging materials. They also prioritize ethical sourcing and support local communities through their corporate social responsibility programs.
BESTWAY NATIONAL CHEMISTS LIMITED offers a wide range of products and services including prescription medicines, over-the-counter medicines, and healthcare products. They also have a dedicated online platform for customers to easily order their products and have them delivered to their doorstep.
The key people at BESTWAY NATIONAL CHEMISTS LIMITED include their chairman, Sir Anwar Pervez, and their managing director, Zameer Choudrey. They have a team of experienced pharmacists and healthcare professionals who ensure the quality and safety of their products.
Customers can contact BESTWAY NATIONAL CHEMISTS LIMITED through their website, where they can also find information on their products and services. Their registered office address is located in London, United Kingdom.
In conclusion, BESTWAY NATIONAL CHEMISTS LIMITED is a reputable and sustainable company that offers a wide range of pharmaceutical and healthcare products. With a strong commitment to sustainability and a dedicated team, they continue to be a trusted and reliable choice for customers in the UK.
