Surgeries and Non-surgical Procedures

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The payment behaviour within the Surgeries and non-surgical procedures sector indicates a generally reasonable, though not exemplary, performance. The average payment time of 28.5 days suggests that, on average, companies are adhering to reasonably prompt payment schedules. However, the fact that only 64.5% of invoices are paid within 30 days indicates that a significant proportion of suppliers are experiencing payment delays beyond standard terms. This is corroborated by a concerning late payment rate of 40%, revealing that a substantial portion of invoices are not paid on time. Without benchmarking this data against a wider range of UK sectors, it is difficult to definitively state whether this performance is comparatively good or bad, but the high late payment rate is a red flag.

This data paints a picture of uneven payment practices. While the average time seems adequate, the deviation around this average is substantial. Suppliers must recognise that a significant delay on payment is a very real possiblity. These figures mean suppliers should be very diligent in their credit control and in following up on overdue invoices. It is imperative that suppliers entering into contracts with companies in this sector are aware of the potential for delayed payments and proactively manage the risk accordingly.

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