HOLOGIC LTD.
Company number: 02722343
Reporting period:
1 October 2018
to 30 March 2019
This report was filed on 16 October 2019
and approved by Andrew Chard
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 21%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 71 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
Direct services net 45 Indirect services net 60 Transport & logistics net 30
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Requestor of goods/services will raise dispute directly with vendor and notify
accounts payable to put invoice on hold.
AP will chase for updates on a weekly basis and escalate to department head if
not resolved in 4 weeks.
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