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.
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.
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.
| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 35 | 75% | 20% | 5% | 29% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
This company is registered for other human health activities and evidence gathered under its identity relates to the Care UK brand. Care UK operates care homes across England, Wales and Scotland, providing residential, nursing, dementia, respite and end of life care for older people. It states it has been operating for over 40 years and cares for residents across more than 260 homes, with services including personalised care plans, catering and dedicated support teams. The evidence indicates the entity forms part of this care home operation rather than an unrelated administrative or recruitment function, despite the SIC classification recorded at Companies House.
Generated from the company's website and Companies House records. Sources: careuk.com · careuk.com