GOV.UK
IPSEN LIMITED
Company number: 06751069
Reporting period:
1 January 2018
to 30 June 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 18 July 2018
and approved by Isobel Louise Boyne
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 28%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 40 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
45 days
Standard payment terms
Supplier invoices date plus 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
45 days from end of invoiced month
Any other information about payment terms
N/A
Dispute resolution process
In case of any discrepancy between goods received and invoice receipt, the person who made an order is responsible for contacting the vendor and understand the difference.
There is a generic email address and direct phone number available for all vendors where all payment related questions can be routed.
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