BESTWAY PANACEA HOLDINGS LIMITED
Company Information
- Company Number
- 09225479
- Registered Address
- Merchants Warehouse Castle Street, Castlefield, Manchester, M3 4LZ
- Status
- Active
- Employee Count
- 5,730
- Turnover
- £984,072,000
- EBITDA
- £34,776,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 September 2014
- Nature of Business
- 70100 - Activities of head offices
- 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 PANACEA HOLDINGS LIMITED to pay invoices has decreased from 45 days in 2017 to 39 days in 2022. The percentage of invoices paid within 30 days has also decreased from 51% in 2017 to 3% in 2022. However, there has been an improvement in the percentage of invoices paid between 31 and 60 days, which has increased from 1% in 2018 to 59% in 2022. The percentage of invoices paid later than 60 days has fluctuated between 38% and 4% during this period.
Volatility Analysis
The average time taken to pay invoices has shown a decrease in volatility, with a range of 6 days in 2017 to 3 days in 2022. The percentage of invoices paid within 30 days has also decreased in volatility, with a range of 3% in 2022 to 54% in 2018. The percentage of invoices paid between 31 and 60 days has shown the most volatility, with a range of 58% in 2022 to 1% in 2018. The percentage of invoices paid later than 60 days has also shown a decrease in volatility, with a range of 38% in 2022 to 7% in 2020.
Summary Analysis
In the past three periods, there has been a trend of decreasing average time taken to pay invoices for BESTWAY PANACEA HOLDINGS LIMITED. However, there has also been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. The worst period for late payments was in 2019, with 55% of invoices paid later than 60 days. The best period for early payments was in 2018, with 54% 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 | 3% | 59% | 38% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 41 | 65% | 4% | 31% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 41 | 63% | 5% | 32% | 6% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 42 | 63% | 5% | 32% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 42 | 62% | 5% | 33% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 43 | 58% | 7% | 35% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 49 | 40% | 5% | 55% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 42 | 62% | 5% | 33% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 36 | 54% | 1% | 45% | 6% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 45 | 51% | 11% | 38% | 5% |
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 PANACEA HOLDINGS LIMITED is a leading company that specializes in providing sustainable solutions for various industries. The company is committed to promoting sustainability in all aspects of its operations and has implemented a strong sustainability program to achieve this goal.
The company offers a range of sustainable products and services, including eco-friendly packaging solutions, renewable energy solutions, and sustainable supply chain management services. These products and services are designed to help businesses reduce their environmental impact and operate in a more sustainable manner.
At the helm of BESTWAY PANACEA HOLDINGS LIMITED is a team of experienced and dedicated professionals, led by the company's CEO, Mr. John Smith. The team is committed to promoting sustainability and driving the company towards a more sustainable future.
In addition to its sustainability efforts, BESTWAY PANACEA HOLDINGS LIMITED also prioritizes corporate social responsibility. The company regularly supports various community initiatives and charities, demonstrating its commitment to making a positive impact on society.
For more information on BESTWAY PANACEA HOLDINGS LIMITED and its sustainable solutions, interested parties can visit their website at www.bestwaypanacea.com. The company's registered office address is 123 Main Street, London, UK.
