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ALLERGAN LIMITED

Company number: 01049760

Reporting period:
1 July 2019 to 31 December 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 20 January 2020

and approved by Nicholas Hudson

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 59%
• in 31 to 60 days: 33%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 45 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

The standard payment terms for new vendors is 60 days. Existing vendors are, in most cases, set up with 30 days payment terms with some exceptions.

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

No

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Any disputes with invoices would first be referred to the budget holder responsible for engaging the supplier to open dialogue around the dispute. If the dispute was a minor issue i.e. invoiced to wrong entity or incorrect value, Accounts Payable would provide support in having replacement invoices, credits etc issued. If the issue cannot be resolved via Accounts Payable, the supplier & budget holder, Procurement will be involved in terms of referring to the contract and the expectations of each party.

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