GOV.UK
SYNGENTA LIMITED
Company number: 02710846
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 22 January 2020
and approved by Andrew Johnson
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 33%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms: 23 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
120 days
Standard payment terms
Syngenta has various payment terms. For vendors who supply finished product for onward resale the terms are 120 days. For other contracts the most common payment term is 30 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
Yes – Syngenta Ltd procurement policy on standard payment terms was changed to 60 days end of month in 2018 and appropriate vendors were transitioned in 2018 and 2019.
Were suppliers notified or consulted about these changes before they were made?
Yes – Yes suppliers were notified of the change
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
The main point of contact for the vendor with queries or disputes is the Syngenta Accounts Payable Service Desk. Disputes are resolved either by the Syngenta Accounts Payable Services Desk or by the Syngenta responsible person.
Syngenta predominantly follow a strictly no purchase order no pay policy. Any non-compliant invoices are returned to the vendor by e-mail by the Syngenta Accounts Payable Services Desk with the invoice number and reason for rejection.
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