PRACTICE PLUS GROUP HEALTH AND REHABILITATION SERVICES LIMITED
Company Information
- Company Number
- 10498997
- Registered Address
- Hawker House 5-6 Napier Court, Napier Road, Reading, Berkshire, England, RG1 8BW
- Status
- Active
- Employee Count
- 2,452
- Turnover
- £186,370,000
- EBITDA
- £15,744,000
Additional Details
- Website
- https://careuk.com
- Company Type
- Private limited Company
- Incorporated On
- 28 November 2016
- Nature of Business
- 86900 - Other human health activities
- Industries
- Healthcare And Wellbeing
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for PRACTICE PLUS GROUP HEALTH AND REHABILITATION SERVICES LIMITED has been relatively stable over the past three periods, with a slight increase from 43 days in 2018-2019 to 46 days in 2021-2022. However, there was a significant decrease in the percentage of invoices paid within 30 days in 2022-2023 compared to the previous two periods.
Volatility Analysis
The volatility of PRACTICE PLUS GROUP HEALTH AND REHABILITATION SERVICES LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days. This percentage ranged from 30% in 2021-2022 to 51% in 2023-2024. Additionally, there was a noticeable increase in the percentage of invoices paid later than 60 days in 2022-2023 compared to the previous periods.
Summary Analysis
Between 2018-2019 and 2021-2022, there was a slight increase in the average time taken for PRACTICE PLUS GROUP HEALTH AND REHABILITATION SERVICES LIMITED to pay invoices. However, there was a significant decrease in the percentage of invoices paid within 30 days in 2022-2023 compared to the previous two periods. This could indicate potential cash flow issues or changes in payment processes for the company.
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 2025 - 30 Sept 2025 | 03 Nov 2025 | 36 | 76% | 17% | 7% | 27% |
| 01 Oct 2024 - 31 Mar 2025 | 24 Apr 2025 | 45 | 66% | 20% | 14% | 36% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 44 | 48% | 41% | 11% | 57% |
| 01 Oct 2023 - 31 Mar 2024 | 07 May 2024 | 38 | 50% | 43% | 7% | 55% |
| 01 Apr 2023 - 30 Sept 2023 | 02 Nov 2023 | 46 | 51% | 36% | 13% | 53% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 48 | 42% | 49% | 9% | 36% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 48 | 42% | 49% | 9% | 36% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 45 | 33% | 57% | 9% | 56% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 46 | 30% | 60% | 10% | 66% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 46 | 30% | 56% | 14% | 68% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 47 | 33% | 53% | 14% | 74% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 45 | 32% | 59% | 8% | 70% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 45 | 36% | 54% | 11% | 68% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 43 | 34% | 58% | 8% | 69% |
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 date of invoice Practice Plus Group’s maximum standard payment terms are 30 days from date of invoice. Payments to self-employed GPs and Healthcare Professionals standard payment terms are within 14 days of the end of the period. Practice Plus Group operates a weekly payment run each Friday. Our payment run captures all approved invoices due for payment up to the Friday of the subsequent week. We are proud to support numerous smaller suppliers and sole traders to whom we commonly offer payment terms of between 0 and 14 days.
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
At Practice Plus Group we aim to resolve all queries and disputes regarding invoices and payments as quickly as possible. Disputes are directly managed by the invoice approvers with the support of a dedicated accounts payable team. The team can be contacted by email or phone Monday to Friday. The enquiries email inbox is monitored daily and is subject to a 48-hour SLA. The Accounts Payable team also carry out regular chasing of unapproved or disputed invoices to assist with both paying invoices in accordance with agreed terms and resolution of disputes.
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
Practice Plus Group Health and Rehabilitation Services Limited is a leading healthcare organization in the United Kingdom that offers a wide range of services and programs to promote better health and well-being
The company is committed to sustainability and strives to make a positive impact on the environment and communities it serves
Their sustainability program includes initiatives such as reducing waste, conserving energy, and promoting eco-friendly practices
They also work closely with local communities to support projects that improve access to healthcare and promote healthy living
The company offers a variety of services, including primary care, urgent care, diagnostic imaging, and rehabilitation services
They also provide specialized treatments for conditions such as musculoskeletal disorders, chronic pain, and mental health issues
Key people at Practice Plus Group Health and Rehabilitation Services Limited include CEO Jim Easton, who brings over 30 years of experience in healthcare management, and Medical Director Dr
Kazem Rahimi, a renowned cardiologist and researcher
Their website address is www.practiceplusgroup.com, where one can find information about their services, locations, and career opportunities
The registered office address is Practice Plus Group Health and Rehabilitation Services Limited, 2nd Floor, 3 Gresham Street, London EC2V 7NQ
In summary, Practice Plus Group Health and Rehabilitation Services Limited is a reputable healthcare organization that prioritizes sustainability, offers a variety of services, and has a team of experienced and dedicated professionals
Their commitment to providing quality care and making a positive impact in the community makes them a trusted choice for healthcare services in the UK
