LIVANOVA PLC
Company Information
- Company Number
- 09451374
- Registered Address
- 20 Eastbourne Terrace, London, W2 6LG
- Status
- Active
- Employee Count
- 2860.0
- Turnover
- 844362000.0
- EBITDA
- -32118000.0
Additional Details
- Website
- https://livanova.com/
- Company Type
- Public limited Company
- Incorporated On
- 20 February 2015
- Nature of Business
- 26600 - Manufacture of irradiation, electromedical and electrotherapeutic equipment$32500 - Manufacture of medical and dental instruments and supplies
- Industries
- Life Sciences And Medical Technology
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 56 | 25% | 51% | 24% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 55 | 25% | 50% | 24% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 62 | 27% | 44% | 28% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 56 | 28% | 51% | 20% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 14 | 90% | 9% | 1% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 17 | 90% | 9% | 1% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 01 Feb 2020 | 17 | 91% | 9% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 13 | 95% | 3% | 2% | 2% |
Company Summary
LIVANOVA PLC is a global medical technology company that specializes in developing and manufacturing innovative treatments for patients with neurological disorders
The company is committed to sustainability and has several initiatives in place to reduce its environmental impact
The company's primary focus is on the development of medical devices, including implantable devices, for the treatment of epilepsy, depression, and chronic pain
They also offer a range of support services to assist patients and healthcare professionals in managing these conditions
LIVANOVA PLC is led by a team of experienced and dedicated individuals, including CEO Damien McDonald and Chairman Neil Cooper
They are supported by a team of experts in the field of medical technology
In terms of sustainability, LIVANOVA PLC has set ambitious targets to reduce its carbon footprint, water usage, and waste production
They have also implemented a recycling program for their products and packaging materials
To further promote sustainability, the company is actively involved in community outreach programs and supports charitable organizations that align with their values
The registered office address for LIVANOVA PLC is 20 Eastbourne Terrace, London, W2 6LG, United Kingdom
Their website, www.livanova.com, provides more information about the company, its products and services, and their sustainability efforts
Company Review
Trend Analysis
The average time taken for LIVANOVA PLC to pay invoices to suppliers has fluctuated over the past three periods. In 2018, the company had an average payment time of 13 days, which increased to 17 days in 2019 and remained consistent in 2021. However, in 2022, there was a significant increase to 56 days and this trend continued in 2023 with a slight decrease to 55 days.
Volatility Analysis
The % Invoices paid within 30 days has remained consistent at 90% over the past three periods. However, there has been a notable increase in the % Invoices paid later than 60 days, from 2% in 2018 to 24% in 2023. This suggests that LIVANOVA PLC is taking longer to pay invoices to suppliers, potentially causing strain on supplier relationships.
Summary Analysis
LIVANOVA PLC has maintained a consistent % Invoices paid within 30 days over the past three periods, but there has been a notable increase in the % Invoices paid later than 60 days. The average time taken to pay invoices has also increased from 13 days in 2018 to 55 days in 2023. This suggests a potential issue with the company's cash flow or payment processes.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard terms are 45 days for new contracts. We work to move all contract terms to 45 days.
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
60
Dispute Resolution Process
We deal with each dispute on an individual basis and try to resolve issues in a timely manner. Any queries or disputes are addressed to the AP team who will try and resolve with the PR team and 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
