LINNAEUS VETERINARY LIMITED
Company Information
- Company Number
- 10790375
- Registered Address
- Friars Gate, 1011 Stratford Road, Shirley, West Midlands, United Kingdom, B90 4BN
- Status
- Active
- Employee Count
- 6,094
- Turnover
- £398,444,000
- EBITDA
- £27,622,000
Additional Details
- Website
- http://martinreferrals.com/
- Company Type
- Private limited Company
- Incorporated On
- 25 May 2017
- Nature of Business
- 75000 - Veterinary activities
- Industries
- Environment, Agriculture And Waste
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time for LINNAEUS VETERINARY LIMITED is 44 days, consistently extending beyond typical 30-day terms for the majority of invoices. Only 41% of invoices are settled within 30 days, revealing a trend where a majority (59%) experience delayed payment. This trajectory shows 20% of payments significantly extending beyond 60 days, indicating a consistent pattern of slower payment cycles.
Volatility Analysis
Payment reliability shows moderate predictability, with a wide distribution as 41% pay within 30 days but 20% exceed 60 days. The significant 20% of payments over 60 days, alongside 11% specifically marked as late, represents a considerable risk factor for cash flow instability. Suppliers should expect unpredictable payment exactitude, facing potential delays that could impact working capital planning.
Summary Analysis
Suppliers should anticipate an average payment cycle of 44 days, impacting cash flow and requiring proactive planning. Given that 59% of payments extend beyond 30 days, consider implementing stricter payment terms or adjusting credit limits to manage risk. It is advisable to establish robust follow-up procedures for invoices approaching or exceeding 60 days to mitigate the impact of the 20% long-term delays.
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 2024 - 31 Dec 2024 | 31 Jan 2025 | 43 | 42% | 46% | 12% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 09 Jul 2024 | 44 | 41% | 39% | 20% | 11% |
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
Supplier payment terms range from 0 to 60 days. Linnaeus endeavours to process all payments to suppliers by their due date whilst making use of twice weekly payment runs to consolidate payments into batches. As a result of these scheduled payment runs, invoices are usually included for payment within days of becoming due.
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
60
Dispute Resolution Process
In the event of a dispute, the Accounts Payable team aim to notify and communicate with the supplier within 48 hours in order to resolve the query.
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
LINNAEUS VETERINARY LIMITED is an active private limited company operating within the veterinary sector. This business is established to provide professional veterinary services.
The company was incorporated on 25 May 2017 and is registered as an active entity with company number 10790375. Its registered office is located at Friars Gate, 1011 Stratford Road, Shirley, West Midlands, United Kingdom, B90 4BN.
In the UK market, a veterinary private limited company typically offers a comprehensive range of animal healthcare services. These commonly include general consultations, preventative care such as vaccinations and parasite control, diagnostic imaging, surgical procedures, and emergency treatment for various animal species.
