PATHEON UK LIMITED
Company number: 03764421
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 29 January 2019
and approved by Andrew Robinson
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 33%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 80 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
75 days
Standard payment terms
Standard contractual terms are 75 days. However the type of goods or services and vendor requirements are taken into consideration when negotiating contracts and the agreed terms are clearly indicated on the purchase order.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
The company are committed to meeting the payment terms agreed with our vendors and to improving the invoices paid within agreed terms metric within this report.
Dispute resolution process
The company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to the satisfaction of all parties prior to payment being made. In the event that a dispute cannot be resolved it is escalated internally and with the supplier to seek 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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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