HOLOGIC HUB LTD

PaymentCheck Score 2021
74Fair
1.9vs last year
#2448 in UK
#167 in North West

Company Information

Company Number
09504366
Registered Address
Heron House Oaks Business Park Crewe Road, Wythenshawe, Manchester, M23 9HZ
Status
Active
Employee Count
137
Turnover
£244,022,000
EBITDA
£12,972,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 March 2015
Nature of Business
70100 - Activities of head offices
Industries
Professional Services
Region
North West

Time to Pay

Average Time to Pay
20 days
Shortest Period:1 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
29%
31-60 Days
56%
After 60 Days
15%
Not Paid Within Terms59%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-11-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
27 Sept 2020 - 27 Mar 202104 Aug 20212063%19%18%37%
01 Apr 2020 - 26 Sept 202023 Jul 20212068%20%12%50%
01 Oct 2019 - 28 Mar 202023 Jul 20211958%34%8%63%
01 Oct 2018 - 30 Mar 201916 Oct 20192133%46%21%69%
01 Apr 2018 - 29 Sept 201831 Oct 20182066%31%3%74%

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 Direct services net 45 Indirect services net 60 Transport & logistics net 30

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

90

Dispute Resolution Process

Requestor of goods/services will raise dispute directly with vendor and notify accounts payable to put invoice on hold. AP will chase for updates on a weekly basis and escalate to department head if not resolved in 4 weeks

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

Hologic Hub Ltd is a company that specializes in providing innovative and sustainable solutions for the healthcare industry. The company is committed to making a positive impact on society and the environment through its sustainable practices.

The company's sustainability program includes initiatives such as reducing waste, conserving energy, and promoting eco-friendly products. Hologic Hub Ltd also partners with various organizations to support community development projects and promote social responsibility.

One of the key products offered by Hologic Hub Ltd is the Panther Fusion system, a state-of-the-art molecular diagnostic platform that helps healthcare professionals accurately diagnose diseases. The company also offers a range of diagnostic assays, imaging systems, and surgical products.

The company's team is led by CEO Stephen P. MacMillan, who has over 25 years of experience in the healthcare industry. Under his leadership, Hologic Hub Ltd continues to innovate and expand its product offerings.

For those interested in learning more about Hologic Hub Ltd and its products, the company's website is https://www.hologic.com/. The registered office address is Hologic Hub Ltd, 3 Furzeground Way, Stockley Park, Uxbridge, Middlesex, UB11 1EZ, United Kingdom.

Financial Metrics

Cash
£0
Net Worth
£779,392,313
Total Current Assets
£622,275,379
Total Current Liabilities
£197,886,570

Company Location