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ORCHID CELLMARK LTD

Company number: 04045527

Reporting period:
1 January 2019 to 30 June 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 12 July 2019

and approved by Graham Miller

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 34%
• in 31 to 60 days: 62%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 14 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

The standard business terms are to pay invoices on the last working day of the month after invoice.
These terms are slightly different with selected suppliers where the terms have been negotiated for
a shorter timeframe. Days can range from 30 to 60 depending on the date of the actual invoice. The
% paid within 30 days as part of the report is from date of invoices not month end.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Any disputes are raised with the internal procurement team who contact the suppliers and work
towards a resolution. They may be aided by relevant departments if the dispute is over
contamination of products.

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