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NAPP PHARMACEUTICAL GROUP LIMITED

Company number: 00884285

Reporting period:
1 July 2018 to 31 December 2018


This information is as reported by the business, and responses are in their own words.

This report was filed on 29 January 2019

and approved by Stuart Baker

Payment statistics

Average time taken to pay invoices: 12 days

Invoices paid:

  • within 30 days: 94%
  • in 31 to 60 days: 6%

Invoices due but not paid within agreed terms: 6%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Invoices are paid in a weekly payment run as they fall due

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

Some hotels and small businesses require immediate, 7 or 14 days’ payment terms and Napp pays as per their invoiced payment terms

Any other information about payment terms

N/A

Dispute resolution process

As a supplier, if you have a query or dispute relating to a payment you believe is owed to you by Napp, please email the following details to accountspayable@napp.co.uk: a. Full supplier name, address; b. The name of your Napp point of contact; c. Invoice number for the payment you are querying; d. Full details of your complaint; e. Upon receipt of all of the above details, Napp commits to acknowledge receipt of your email within 5 working days, and may request further information to be able to respond in full. Napp will investigate your query using the details provided and speak with relevant members of Napp's business, including members of Napp's legal department if necessary, and respond in full within 14 days of the date of Napp's acknowledgement to you.

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 Prompt 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