EVOTEC (UK) LIMITED

Company number: 02674265

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 20 July 2018

and approved by Enno Spillner

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

• within 30 days: 58%
• in 31 to 60 days: 31%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 35%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

All invoices must quote the relevant Purchase Order number. Unless otherwise stated in the Contract, Evotec (UK) Ltd shall pay the Seller within thirty days of receipt of a correctly rendered invoice. If Evotec (UK) Limited has rejected the Goods or any parts of them without having made payment and such rejected Goods are thereafter replaced by the Seller with Goods which conform to the Purchase Order then payment shall be made by the Buyer for the Goods with thirty days of receipt of a properly prepared invoice for the same.

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute, a concern can be raised with the accounts payable department to the following e-mail address: purchase-ledger@evotec.com . This department will work closely with the invoice approver and will strive to achieve resolution in a timely manner.

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