FUJIFILM DIOSYNTH BIOTECHNOLOGIES UK LIMITED
Company number: 05803359
Reporting period:
1 October 2018 to 31 March 2019
Report filed on:
30 April 2019
Approved by:
Steve Bagshaw
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 23%
- in 31 to 60 days: 67%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 17%
Payment terms
Shortest standard payment periods
31 days
Longest standard payment period
61 days
Standard payment terms
Payment due on the last day of the month following the one in which the invoice is dated.
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
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event that a vendor contacts us regarding late payment of an invoice, the AP team will establish the reason for the late payment, and chase up the relevant originator of the Purchase Order, prompting them to action any outstanding issues already highlighted e.g., PO needs renewing/increasing, goods need booking in, a price difference outside tolerance needs resolving. If any dispute needs raising with the vendor over any of these issues, it is the responsibility of the originator to raise such dispute, and/or request any proof of delivery, if required. However, the AP team will intervene and deal with the vendor direct in order to attempt to resolve persistently outstanding issues if it becomes necessary.
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