MEDICINES DISCOVERY CATAPULT SERVICES LIMITED

PaymentCheck Score 2022
99Excellent
3.1vs last year
#105 in UK
#5 in West Midlands

Company Information

Company Number
10305216
Registered Address
C/O Mazars Llp, 1st Floor, Two Chamberlain Square, Birmingham, B3 3AX
Status
Liquidation
Employee Count
432
Turnover
£109,016,000
EBITDA
£43,975,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 August 2016
Nature of Business
72190 - Other research and experimental development on natural sciences and engineering
Industries
Coming Soon
Region
West Midlands

Time to Pay

Average Time to Pay
14 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
94%
31-60 Days
5%
After 60 Days
1%
Not Paid Within Terms4%

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: 2022-11-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2021 - 31 Mar 202221 Apr 20221498%2%0%0%
01 Apr 2021 - 30 Sept 202128 Oct 20211488%10%2%2%

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

30 days from invoice date

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

All disputes should be sent to financelhl@md.catapult.org.uk and will be responded to within 24 hours

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

MEDICINES DISCOVERY CATAPULT SERVICES LIMITED is a leading organization in the field of healthcare and pharmaceutical research and development. They are committed to driving innovation in the discovery and development of new medicines, with a focus on sustainability and ethical practices.

Their sustainability program includes initiatives such as reducing their carbon footprint, promoting responsible waste management, and supporting ethical sourcing of materials. They also prioritize diversity and inclusion in their workforce and strive to create a positive impact on the communities they serve.

The company offers a range of services to support the development of new medicines, including drug discovery and development, data analysis, and clinical trial management. They work closely with industry partners, academic institutions, and government agencies to drive collaboration and accelerate the development of life-saving drugs.

Key people at MEDICINES DISCOVERY CATAPULT SERVICES LIMITED include their CEO, Dr. Ian Campbell, and their Chief Scientific Officer, Dr. Melanie Lee. Both bring a wealth of experience and expertise to the company, ensuring their position as a leader in the field of medicines discovery.

Contact information for MEDICINES DISCOVERY CATAPULT SERVICES LIMITED can be found on their website, including their registered office address in London, UK. Their website also provides detailed information on their services, sustainability program, and key personnel.

Financial Metrics

Cash
£19,948,924
Net Worth
£35,151,127
Total Current Assets
£61,651,505
Total Current Liabilities
£28,017,939

Company Location