MEDICLINIC INTERNATIONAL PLC
Company number: 08338604
Reporting period:
1 October 2021 to 31 March 2022
Report filed on:
29 April 2022
Approved by:
Jurgens Myburgh
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 86%
- in 31 to 60 days: 9%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
Mediclinic policy is to pay suppliers within the agreed credit terms of 30 days. Minor payment delays may occur if the invoice is received shortly after the fortnightly payment run. Disputed amounts may also result in processing delays. There is no stipulated maximum contractual payment period. A lot of suppliers have payment terms payable on presentation, these are paid as soon as possible but there will be a delay between authorisation of the invoice, and the processing of the invoice and payment.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any payment disputes are considered by the relevant department head and, if necessary, the Group Financial Manager. Disputes are usually resolved within 30 days.
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