Their own payment-practices filing · gov.uk
Catalyst Healthcare (Romford) Limited pays suppliers in 44 days on average — 14 days past its stated terms
Their H1 2026 filing puts the average 14 days past the 30-day term they state.
- Their stated terms
- 30 days
- Paid outside agreed terms
- 1% of invoices
- Paid after 61+ days
- 28%
- Reporting period
- 1 Oct 2025 – 31 Mar 2026
- Source
- their gov.uk filing, filed 8 Apr 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid 14 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
66 → 44 days — getting faster
The read · computed from their figures
Catalyst Healthcare (Romford) Limited's H1 2026 filing puts their average at 44 days against stated terms of 30 days; 1% of invoices were paid outside agreed terms and 28% took 61 days or longer. Filed 8 Apr 2026.
The direction is faster: from 66 days in H2 2023 to 44 now — 22 days faster across their last 6 reports.
On the latest reported averages: Slower than 88% of the 138 large companies reporting in health & social care.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
As a Special Purpose Company (SPC) with a Concession agreement in place with its only customer (Barking, Havering and Redbridge University Hospital NHS Trust) and several related subcontracts in place, the SPC can only pay its subcontractors when the Trust pays the SPC. This is accepted between all parties and whilst the pay-when-paid principle is not now permitted, the SPC continues to apply this practice under the exclusion granted to PFI projects by the Construction Contracts (England) Exclusion Order 2011. All other costs, those that relate to the SPC's own costs, are generally paid within 30 days.
Dispute resolution
Any dispute relating to overheads of the SPC will be dealt with by the allocated accountant to the SPC. Disputes relating to any of the operating costs will generally be negotiated between the accountant, the PFI team from Barking, Havering and Redbridge University Hospital NHS Trust and the related subcontractor raising the costs.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 44 | 1% | 28% | 8 Apr 2026 |
| H2 2025 | 55 | 9% | 36% | 23 Oct 2025 |
| H1 2025 | 52 | 5% | 26% | 7 Apr 2025 |
| H2 2024 | 43 | 3% | 20% | 17 Oct 2024 |
| H1 2024 | 62 | 2% | 40% | 3 Apr 2024 |
| H2 2023 | 66 | 6% | 63% | 24 Oct 2023 |
| H1 2023 | 59 | 5% | 52% | 18 Apr 2023 |
| H2 2022 | 51 | 8% | 24% | 18 Oct 2022 |
| H1 2022 | 53 | 8% | 21% | 14 Apr 2022 |
| H2 2021 | 56 | 4% | 27% | 4 Oct 2021 |
| H1 2021 | 81 | 10% | 16% | 19 Apr 2021 |
| H2 2020 | 44 | 6% | 17% | 12 Oct 2020 |
| H1 2020 | 60 | 3% | 34% | 29 Jun 2020 |
| H2 2019 | 55 | 2% | 21% | 30 Oct 2019 |
| H1 2019 | 54 | 3% | 9% | 23 Apr 2019 |
| H2 2018 | 57 | 17% | 32% | 16 Oct 2018 |
| H1 2018 | 56 | 15% | 40% | 30 Apr 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 10 Jun 2003
- Registered office
- C/O ALBANY SPC SERVICES LTD 3RD FLOOR, MANCHESTER, M1 4HB
Illustrative · working-capital arithmetic
What a 44-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 44-day vs a 30-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · Catalyst Healthcare (Romford) Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-04793636 · latest period to 31 Mar 2026
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