MEDIK8 LIMITED
Company number: 03783618
Reporting period:
1 April 2025 to 31 December 2025
Report filed on:
28 May 2026
Approved by:
Lilia Santos
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 4%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 24%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
75 days
Standard payment terms
The company does not have
standard payment terms. These
are negotiated individually on
supplier by supplier basis. The
most frequently used payment
terms are 30 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
75 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any supplier dispute relating to invoices, pricing, quantities, service delivery, payment status, or purchase order discrepancies must be formally raised with the Finance team as soon as identified. Finance will coordinate the review process and work jointly with the business team that originally raised the purchase order to investigate and resolve the matter in a timely and collaborative manner. Suppliers may be requested to provide supporting documentation where necessary, and no disputed payment will be processed until the issue has been satisfactorily resolved and approved by the relevant stakeholders.
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