LIFE TECHNOLOGIES BPD UK LIMITED
Company number: 03721319
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
30 July 2025
Approved by:
Euan Cameron
Payment statistics
Average time taken to pay invoices: 53 days
Total value paid:
- within 30 days: £23,373,699 (19%)
- in 31 to 60 days: £75,285,725 (63%)
- in 61 days or more: £21,483,967 (18%)
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 51%
- in 61 days or more: 22%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £25,927,951
- payments due in the reporting period which have not been paid within the agreed period: 27%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 days
Standard payment terms
The standard conditions of purchase are 30 days net unless otherwise agreed with the vendor.
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
90 days
No further comment provided
Any other information about payment terms
90 days is the maximum contractual payment period - no changes to std payment terms were made in the reporting period. We have two customers on 90 day terms which was a corporate agreement with the supplier
Dispute resolution process
"We have used the invoice dispute resolution as an opportunity to demonstrate how we value our relationship with our suppliers. As a company we place great importance on building and maintaining strong relationships with our suppliers.
An invoice will generally go on hold for payment if there is a dispute on price (invoices vs PO), quantity (ordered vs delivered) & quality. The accounts payable clerk will notify the supplier of any discrepancy either by email or phone. Once the issue has been resolved (usually by credit note received) we release the invoice for payment and it will be paid in the next payment run which occurs every Thursday. "
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