CLINIMED (HOLDINGS) LIMITED
Company number: 02640337
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
6 August 2025
Approved by:
Peter Foot
Payment statistics
Average time taken to pay invoices: 35 days
Total value paid:
- within 30 days: £30,891,000 (49%)
- in 31 to 60 days: £27,139,000 (43%)
- in 61 days or more: £4,411,000 (7%)
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 28%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £9,847,000
- payments due in the reporting period which have not been paid within the agreed period: 19%
- not made in the reporting period due to a dispute: 3%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Advance payment, direct debit or upon receiving invoice
7 days/14days/20 days EOM/28 days/30 days/30 days EOM/60 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
The long period is unusual, historical and agreed with a larger organisation
Any other information about payment terms
A number of terms are for very short periods or taken as direct debits
Longer terms vary across the business and reflect the commercially agreed relationships with suppliers. Long terms are not imposed on suppliers and are agreed as part of the contractual negotiation.
Most payments that are shown as not paid within contractually agreed terms are due to the timing of payment runs as we do not make payments on a daily basis.
Dispute resolution process
Disputes are usually resolved (via finance, quality assurance or procurement) before payments are due through immediate and direct dialogue with suppliers. Where incorrect prices or quantities are identified, it is usual for suppliers to reissue a corrected invoice hence avoiding delayed payment or further dispute.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No