PIRAMAL HEALTHCARE UK LIMITED

Company number: 05370591

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 31 January 2019

and approved by Kay Hussain

Payment statistics

Average time taken to pay invoices: 47 days

Invoices paid:

• within 30 days: 18%
• in 31 to 60 days: 67%
• in 61 days or more: 15%

Invoices due but not paid within agreed terms: 86%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

Standard payment terms are 30 days from date of invoice

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

75 days

75 days applies to goods that are imported by sea freight from China - the extended length of time is to reflect the time this journey takes before goods are receipted.

Any other information about payment terms

N/A

Dispute resolution process

If invoices are disputed they are logged by our Shared Service Team and progressed at the site between the person who ordered the goods and the procurement team to check any contractual implications. We occasionally have goods that are delivered out of the required specification and we would expect a credit note from our suppliers should that occur. Sometimes it is a case of negotiating a pragmatic 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, 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