SIEMENS HEALTHCARE LIMITED
Company Details
Registration Number
09567186
Registered Address
Park View Watchmoor Park Camberley Surrey United Kingdom GU15 3YL
Company Status
Active
Employee Count
1559
Turnover
£733,262,000
EBITDA
£84,693,000
Additional Information
Company Type
Private limited Company
Incorporated on
29 April 2015
Nature of Business (SIC)
32500 - Manufacture of medical and dental instruments and supplies
Industries
Medical devices and instruments
Region
South EastCompany Location
Financial Overview
£0
£23,709,000
Last Reporting Period
Filed
30 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
51 days
Payment Periods
Shortest
60 days
Longest
180 days
Max Contractual
180 days
Payment Timeline
Not Paid Within Terms
12%
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 Apr 2023 - 30 Sep 2023 | 30 Oct 2023 | 51 | 38% | 37% | 25% | 12% |
| 01 Oct 2022 - 31 Mar 2023 | 21 Apr 2023 | 50 | 38% | 37% | 25% | 12% |
| 01 Apr 2022 - 30 Sep 2022 | 31 Oct 2022 | 48 | 37% | 38% | 25% | 13% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 57 | 29% | 38% | 33% | 10% |
| 01 Apr 2021 - 30 Sep 2021 | 28 Oct 2021 | 50 | 30% | 44% | 26% | 31% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 47 | 37% | 37% | 26% | 32% |
| 01 Apr 2020 - 30 Sep 2020 | 28 Oct 2020 | 49 | 35% | 37% | 28% | 31% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 49 | 35% | 40% | 25% | 24% |
| 01 Apr 2019 - 30 Sep 2019 | 28 Oct 2019 | 49 | 34% | 41% | 25% | 25% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 47 | 37% | 39% | 24% | 28% |
| 01 Apr 2018 - 30 Sep 2018 | 30 Oct 2018 | 47 | 37% | 40% | 23% | 28% |
| 01 Oct 2017 - 31 Mar 2018 | 20 Apr 2018 | 43 | 45% | 35% | 20% | 33% |
Company Summary
Siemens Healthcare Limited is a leading healthcare company that offers a wide range of innovative products and services to meet the complex needs of the healthcare industry
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program focuses on reducing carbon emissions, increasing energy efficiency, and promoting responsible waste management practices
Siemens Healthcare Limited also actively supports the use of renewable energy sources and has set targets to reduce its carbon footprint by a certain percentage over the next few years
The company's product portfolio includes medical imaging systems, laboratory diagnostics equipment, clinical information systems, and healthcare IT solutions
These products are designed to improve patient outcomes, increase efficiency, and reduce costs for healthcare providers
Siemens Healthcare Limited has a team of experienced and skilled professionals, led by their CEO Dr
Bernd Montag
They are dedicated to driving innovation and delivering high-quality products and services to their customers
The company's registered office is located at Frimley Business Park, Frimley, Camberley, Surrey, GU16 7SG, United Kingdom
Their website address is www.siemens-healthineers.com/uk and it provides detailed information about their products, services, and sustainability efforts
Customers can also contact them via email or phone, which can be found on their website
In conclusion, Siemens Healthcare Limited is a reputable company that is committed to sustainability and offers a diverse range of products and services to the healthcare industry
Their dedication to innovation and customer satisfaction has made them a trusted partner for healthcare providers worldwide
Company Review
Trend Analysis
The average time taken for SIEMENS HEALTHCARE LIMITED to pay invoices to suppliers has increased from 43 days in 2017 to 51 days in 2023. This is a trend of increasing payment time over the past 6 years.
Volatility Analysis
The volatility of payment time for SIEMENS HEALTHCARE LIMITED has remained relatively consistent, with only a 4-day difference between the shortest and longest average time to pay periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The terms are assigned by the Business units on a case by case basis:- Payment terms usage is as follows 3rd Party payment terms 60 days 48%,30 days 26%,90 days 17%,45 days 2%,0 days 1%,14 days 1%,40 days 1% and remainder are terms with less than 1% occurrence which also includes 180 days. Out of total data population, 62% transactional data was relating to Inter-Company which was excluded for this reporting. Inter-Company invoice gets cleared automatically within 1 to 2 days in the month following the receipt of the invoice via Siemens cash pooling facility which is only available to Siemens entities. Please note Intercompany clearing terms are available to Siemens companies only and payment method for such terms results in clearing of such transactions without any transmission of money external to Siemens cash pool.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
During the period changes were made to payment terms for specific suppliers after consultation with suppliers. No payments terms were used where early settlement discounts were applied. Payment statistics improved from the previous report despite payment terms remaining consistent (see above). The business settles all undisputed invoices within the payment terms if invoices are sent on time by the supplier. The business is working with suppliers to make further improvements such as sending invoices timely. The data presented excludes instances where the invoice has been sent late, therefore based on original invoice date, when received by the business it's instantly overdue and is paid outside of the agreed period. In these circumstances, the business aims to settle invoices without utilising the agreed period from invoice receipt date. Percentage of payments outside the agreed period is in line with previous reporting and large number of invoices were under query with the vendors. Of the 12%, 39% were paid within 30 days, 17% were paid between 30-60 days and 35% were paid over 60 days and 9% were not paid yet.
Maximum contractual payment period agreed
180
Dispute Resolution Process
1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are on Purchase Orders. A) Tel: 0845 602 6873 b) E-mail apsupport-gbandi.in@siemens.com 2) AP liaise with supplier to obtain and process missing invoices a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or returned to suppler) 3) AP liaise with suppliers to confirm payment details (past and upcoming) 4) AP liaise with approvers to release overdue invoices for payment 5) Special team deals with ‘final demand’ cases and legal notices
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?
❌
