GILEAD SCIENCES EUROPE LTD.
Company number: 05510315
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
22 January 2026
Approved by:
Josephine Comiskey
Payment statistics
Average time taken to pay invoices: 33 days
Total value paid:
- within 30 days: £44,843,601 (72%)
- in 31 to 60 days: £14,428,499 (23%)
- in 61 days or more: £3,296,237 (5%)
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 33%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £17,337,036
- payments due in the reporting period which have not been paid within the agreed period: 39%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
Payment made on undisputed amounts 30-45 Days after receipt of the invoice. Once an invoice is
approved it is sent for payment in the next available weekly payment run.
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
45 days
N/A
Any other information about payment terms
Gilead reserves the right to withhold payment of any invoice or part of an invoice to the extent that
the services/goods provided are not in accordance with the agreement entered into. We also
reserve the right to set off any liability of Supplier to Gilead against any liability of Gilead to Supplier.
Dispute resolution process
Each engagement with a supplier will be managed by a Gilead business owner. Should a dispute arise
in relation to payment for such engagement, it will be discussed by the supplier and the relevant
Gilead business owner as soon as possible and escalated internally with a view to reaching
resolution.
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.
Yes
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