MYRIAD HEALTHCARE HOLDINGS LIMITED
Company Information
- Company Number
- 09892549
- Registered Address
- 3 The Courtyards Phoenix Square, Wyncolls Road, Colchester, Essex, England, CO4 9PE
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 November 2015
- Nature of Business
- 74990 - Non-trading company
- Industries
- Care Services
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
MYRIAD HEALTHCARE HOLDINGS LIMITED exhibits a trend of extended payment cycles, with an average payment time of 47 days. A substantial 42% of payments fall into the 31-60 day window, indicating their standard process often exceeds typical 30-day terms. The persistent 26% paying over 60 days and 59% overall late payments suggest a trajectory towards consistently delayed settlements.
Volatility Analysis
Payment reliability is low, with only 32% of invoices settled within 30 days. The high 59% late payment rate and 26% of payments exceeding 60 days introduce significant unpredictability for suppliers' cash flow management. This volatility poses a considerable risk of extended working capital cycles and requires careful financial planning.
Summary Analysis
Overall, MYRIAD HEALTHCARE HOLDINGS LIMITED presents a high payment risk profile for suppliers due to its consistently extended and late payment patterns. Suppliers should consider the average 47-day payment time and the significant likelihood of late payments when establishing credit terms and managing cash flow expectations. To mitigate risk, it is recommended to negotiate stringent payment terms, demand upfront deposits for larger orders, or incorporate financing costs into pricing.
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 2020 - 30 Sept 2020 | 30 Oct 2020 | 42 | 54% | 22% | 24% | 46% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 51 | 30% | 39% | 31% | 64% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 47 | 32% | 42% | 26% | 59% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 46 | 28% | 49% | 23% | 63% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 38 | 47% | 40% | 13% | 53% |
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
The company's standard payment terms are 30 days from receipt of invoice, which is also the maximum contractual period.
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
30
Dispute Resolution Process
Provided the goods/services have been supplied as agreed the invoice will be approved for payment. If there is a dispute the supplier will need to evidence to the invoice approver that the goods/services have been supplied to an acceptable standard.
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.
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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.
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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.
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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
MYRIAD HEALTHCARE HOLDINGS LIMITED is an active private limited company. As its name implies, it functions as a holding company, typically managing and owning shares in other businesses within the healthcare sector.
Incorporated on 27 November 2015, the company is registered in the East of England. Its registered office is located at 3 The Courtyards Phoenix Square, Wyncolls Road, Colchester, Essex, England, CO4 9PE, operating under company number 09892549.
Holding companies, especially those in healthcare, typically provide services related to corporate strategy, financial management, and operational oversight for their subsidiary organisations. They often focus on acquiring, developing, and managing a portfolio of businesses involved in direct patient care, medical supplies, or healthcare technology in the UK market.
