DERMAL LABORATORIES LIMITED
Company number: 01594795
Reporting period:
1 June 2025 to 30 November 2025
Report filed on:
24 December 2025
Approved by:
Michael Yarrow
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 24 days
Total value paid:
- within 30 days: £16,131,063 (70%)
- in 31 to 60 days: £6,536,466 (29%)
- in 61 days or more: £232,987 (1%)
Invoices paid:
- within 30 days: 77%
- in 31 to 60 days: 22%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £7,110,927
- payments due in the reporting period which have not been paid within the agreed period: 43%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
As a business, we do not wish to impose terms on our suppliers. We adopt a collaborative stance and work with our suppliers to develop an effective and efficient supply chain. Quality of products and reliability of supply are equally important to our business as are competitive prices and trading terms. We invest time and resource in working with suppliers, auditing their processes etc., ensuring the quality of their output. This is an essential part of ensuring that we can be confident of our own product quality. We customarily trade with our suppliers on their terms and conditions or as near to them as possible. We do not seek early settlement discounts and apply only those that are offered by our suppliers.
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
60 days
The maximum period term applied during the reporting period was 60 days from End of Invoicing Month (60EOM). These terms were agreed with one supplier and applied to 0% of the invoices paid during the reporting period.
Any other information about payment terms
No further comment provided
Dispute resolution process
If a supplier’s invoice is disputed by the company, the company’s buyer will contact the supplier in order to clarify any discrepancy and resolve the issue.
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