MEDICINES DISCOVERY CATAPULT SERVICES COMMERCIAL LIMITED
Company Information
- Company Number
- 13568417
- Registered Address
- Block 35g, Mereside Alderley Park, Alderley Edge, Macclesfield, Cheshire, United Kingdom, SK10 4ZF
- Status
- Active
- Employee Count
- 0
- Turnover
- £3,326,787
- EBITDA
- £761,140
Additional Details
- Website
- https://md.catapult.org.uk
- Company Type
- Private limited Company
- Incorporated On
- 16 August 2021
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for Medicines Discovery Catapult Services Commercial Limited to pay invoices has decreased from 10 days in Oct 2021-Mar 2022 to 4 days in Apr-Sep 2023. This shows a consistent trend of improvement in payment times over the three periods analyzed.
Volatility Analysis
There is very little volatility in the data for Medicines Discovery Catapult Services Commercial Limited. The company consistently pays 100% of invoices within 30 days and has no invoices paid later than 60 days or not within agreed terms over the three periods analyzed.
Summary Analysis
In the three periods analyzed, Medicines Discovery Catapult Services Commercial Limited has shown a consistent trend towards improving their payment times. The average time taken to pay invoices has decreased from 10 days to 4 days. This improvement is also reflected in the percentage of invoices paid within 30 days, which has consistently been at 100%. There has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 0% to 10%, in the second period analyzed. However, this is still a low percentage and does not significantly impact the overall trend of improvement.
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 2023 - 30 Sept 2023 | 23 Oct 2023 | 4 | 100% | 0% | 0% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 9 | 100% | 0% | 0% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 30 Nov 2022 | 12 | 90% | 10% | 0% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 21 Apr 2022 | 10 | 100% | 0% | 0% | 0% |
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
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Dispute Resolution Process
all disuptes should be sent to accountspayable@md.catapult.org.uk email address 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 COMMERCIAL LIMITED is a UK-based organization that focuses on accelerating the discovery and development of new medicines. They offer a range of services to support the pharmaceutical and biotech industries, including drug discovery and development, clinical trials, and commercialization.
The company has a strong focus on sustainability and is committed to reducing the environmental impact of their operations. They have implemented various initiatives to reduce waste and promote energy efficiency, as well as promoting sustainable sourcing and production practices within the pharmaceutical industry.
MEDICINES DISCOVERY CATAPULT SERVICES COMMERCIAL LIMITED has a team of highly experienced and knowledgeable individuals, including scientists, engineers, and business professionals. They work closely with their clients to provide tailored solutions and drive innovation in the field of medicine development.
Their products and services include drug discovery and development support, clinical research services, and access to state-of-the-art facilities and technologies. They also offer training and consultancy services to help companies improve their drug discovery processes and increase their chances of success.
For more information on their services and sustainability program, interested parties can visit their website at www.mdcatservices.co.uk. The company's registered office address is located at Block 38 Office G.1, Kelvin Campus, West of Scotland Science Park, Glasgow, G20 0SP, United Kingdom.
