ALMAC PHARMA SERVICES LIMITED

Company number: NI045055

Reporting period:
1 April 2019 to 30 September 2019

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This report was filed on 31 October 2019

and approved by Kevin Stephens

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 55%
• in 31 to 60 days: 42%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 17%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

The most frequently used terms were 30 days from the end of the month in which the invoice is dated.

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

60 days

No further comment provided

Any other information about payment terms

Invoices are paid only if correctly presented with all necessary information and only when approved by the relevant buyer. As a result, payment terms may be impacted where time is required to resolve queries.

Dispute resolution process

Payment disputes are handled by the Accounts Payable team, which liaises with the suppliers and the company’s buyers as necessary to resolve invoice and payment queries in a timely manner. Where correction of an invoice is necessary, payment is processed as soon as reasonably practicable following receipt of corrected invoice. The Accounts Payable team may be contacted via a dedicated Accounts Payable mailbox or by telephone.

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.

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