ADVANCED MEDICAL SOLUTIONS LIMITED
Company number: 02666957
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
2 December 2025
Approved by:
Eddie Johnson
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 31%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 34%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Advanced Medical Solutions Limited’s “AMS” standard payment terms are 60 day terms for raw material suppliers and 30 days for all other suppliers. Whilst 66% of invoices are paid on time, due to the timing of payment processes, a further 15% are paid within 7 days of the payment due date.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
AMS is committed to operating a fair and transparent payment system with our supply chain partners. Relationships are managed in a personal way which ensures that a formal dispute resolution process is rarely required. AMS aims to resolve all payment related disputes and queries in a prompt manner. A dedicated Accounts Payable team handles payment disputes and is reachable by phone and email. If the Accounts Payable team is not able to resolve the dispute it is escalated to the Site Financial Controller who may further escalate to members of Senior Management.
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.
No
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