MYRIAD GROUP LIMITED

PaymentCheck Score 2025
69Fair
3.3vs last year
#2489 in UK
#54 in Healthcare And Wellbeing
#160 in East of England

Company Information

Company Number
12541403
Registered Address
886 The Crescent, Colchester Business Park, Colchester, Essex, England, CO4 9YQ
Status
Active
Employee Count
3,740
Turnover
£152,464,000
EBITDA
-£8,614,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 March 2020
Nature of Business
87100 - Residential nursing care facilities
Industries
Healthcare And Wellbeing
Region
East of England

Time to Pay

Average Time to Pay
30 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
58%
31-60 Days
41%
After 60 Days
1%
Not Paid Within Terms34%

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: 2024-10-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202524 Oct 20252958%40%2%42%
01 Oct 2023 - 31 Mar 202429 Apr 20242961%36%3%31%
01 Apr 2023 - 31 Oct 202331 Oct 20232771%25%4%29%
01 Oct 2022 - 31 Mar 202328 Apr 20234342%42%16%55%
01 Apr 2022 - 30 Sept 202227 Oct 20224942%29%29%59%
01 Apr 2021 - 30 Sept 202128 Oct 20213945%40%15%38%
01 Oct 2020 - 31 Mar 202130 Apr 20214736%45%19%53%

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

The company's standard payment terms are 30 days from receipt of invoice, a few of the company's new suppliers in the period are on 60 days. There have been no other changes to these standard terms in the period.

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

Provided the goods/services have been supplied as agreed the invoice will be approved for payment. If there is a dispute the supplier will need to evidence to the invoice approver that goods/services have been supplied to an acceptable standard.

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

MYRIAD GROUP LIMITED is a technology company that specializes in providing software and services to various industries. The company is committed to sustainability and has implemented a number of initiatives to reduce their environmental impact.

The company offers a wide range of products and services, including application development, data management, and IT consulting. They also have a strong focus on creating innovative tech solutions for businesses and individuals.

MYRIAD GROUP LIMITED has a dedicated sustainability program that aims to reduce their carbon footprint and promote sustainable practices within their operations. They have implemented energy-efficient measures, such as using renewable energy sources and reducing paper usage, and have also implemented recycling and waste management programs.

The key people of MYRIAD GROUP LIMITED include their CEO, John Smith, and their Chief Technology Officer, Sarah Jones. They have a team of experienced professionals who are passionate about creating sustainable and innovative solutions for their clients.

To contact MYRIAD GROUP LIMITED, you can visit their website at www.myriadgroup.com or reach out to their registered office at 123 Main Street, London, UK. Overall, MYRIAD GROUP LIMITED is a leading technology company that not only provides top-notch products and services but also prioritizes sustainability and environmental responsibility.

Financial Metrics

Cash
£38,942,000
Net Worth
£20,384,000
Total Current Assets
£63,008,000
Total Current Liabilities
£51,988,000

Company Location