VETPARTNERS PRACTICES LIMITED
Company Information
- Company Number
- 10084952
- Registered Address
- Spitfire House, Aviator Court, York, England, YO30 4UZ
- Status
- Active
- Employee Count
- 2792.0
- Turnover
- 176597000.0
- EBITDA
- 30740000.0
Additional Details
- Website
- https://365vet.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 24 March 2016
- Nature of Business
- 75000 - Veterinary activities
- Industries
- Environment,Agriculture And Waste
- Region
- Yorkshire and The Humber
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 | 31 Jan 2024 | 50 | 27% | 70% | 3% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 54 | 17% | 82% | 2% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 46 | 32% | 67% | 0% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 49 | 29% | 69% | 3% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 50 | 18% | 80% | 2% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 54 | 19% | 78% | 3% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 55 | 17% | 81% | 2% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 57 | 22% | 76% | 2% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 06 Feb 2020 | 56 | 12% | 85% | 3% | 9% |
Company Summary
VETPARTNERS PRACTICES LIMITED is a leading veterinary practice network in the UK, with over 180 member practices across the country
The company's main focus is on providing high-quality and compassionate veterinary care for pets, as well as promoting sustainability and responsible practices within the industry
The company's sustainability program includes initiatives such as reducing carbon footprint, promoting recycling, and using eco-friendly products
They also support local charities and community projects, and encourage their member practices to do the same
VETPARTNERS offers a wide range of products and services, including routine check-ups, vaccinations, surgeries, and emergency care for pets
They also provide specialized services such as dentistry, radiology, and acupuncture
The company's goal is to provide comprehensive and affordable care for pets, while also maintaining high standards of professionalism and expertise
The key people at VETPARTNERS include the CEO, Jo Malone, and a team of experienced and qualified veterinarians who oversee the operations of the member practices
The company also has a dedicated customer service team to assist clients with any queries or concerns
For more information about VETPARTNERS and its services, customers can visit their website at www.vetpartners.co.uk
The registered office address is VETPARTNERS PRACTICES LIMITED, 1st Floor, 160 Blackfriars Road, London, SE1 8EZ
Customers can also contact the company by phone at 020 7100 0100 or email at info@vetpartners.co.uk
Company Review
Trend Analysis
The average time taken for VETPARTNERS PRACTICES LIMITED to pay invoices has been decreasing over the past three periods, with the most significant decrease occurring between 2022-01-01 and 2022-06-30. This suggests that the company has been improving its payment process and paying invoices more efficiently.
Volatility Analysis
The company's payment pattern has been relatively stable, with only minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. The largest change has been in the percentage of invoices paid later than 60 days, which has decreased by 3% between 2020-01-01 and 2020-06-30 and then remained steady.
Summary Analysis
Between 2019-07-01 and 2021-07-01, VETPARTNERS PRACTICES LIMITED has seen a decrease in the average time taken to pay invoices by 6%. This is mainly due to an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 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
Queries are managed by a dedicated purchase ledger team. If there is a dispute we seek to proactively contact the relevant vendor in order to resolve it. Vendor queries are usually resolved within 3 days. We regularly review the aging of invoices to determine whether disputes are being resolved on a timely basis, seeking to prevent the build up of aged invoices and ensure that vendors are paid accurately on time.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
