CMR SURGICAL LIMITED
Company number: 08863657
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
3 August 2026
Approved by:
Massimiliano Colella
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 67 days
Total value paid:
- within 30 days: £8,368,949 (31%)
- in 31 to 60 days: £11,547,135 (42%)
- in 61 days or more: £7,513,150 (27%)
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 44%
- in 61 days or more: 27%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £18,809,336
- payments due in the reporting period which have not been paid within the agreed period: 75%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 60 days from date of invoice. These terms apply to the majority of our supplier contracts, and the maximum contractual payment period we use is 60 days. Shorter terms are agreed with certain suppliers where commercially appropriate, and a small number of suppliers are paid by direct debit or on terms set by the supplier. Our standard payment terms did not change during the reporting period, and no changes were notified to or consulted on with suppliers.
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
Where an invoice is disputed, the supplier is notified by our accounts payable team and the invoice is placed on hold pending resolution. Disputes are typically raised in relation to pricing, quantities received, or a mismatch between the invoice and the associated purchase order. The relevant budget holder or contract owner investigates the query with the supplier and, where a resolution requires a credit note or a revised invoice, this is requested from the supplier. Once the dispute is resolved, the invoice is released for payment in the next available payment run. Suppliers may raise queries at any point by contacting our accounts payable team directly, and unresolved matters are escalated to the Financial Controller.
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