ROCHE DIABETES CARE LIMITED
Company number: 09055599
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
29 January 2020
Approved by:
Nicholas Guy Pearson
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 33%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 6%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
97 days
Standard payment terms
The company's standard payment terms are
30 days (33% of 3rd Party) which are agreed
up front on the placing of the purchase order.
For larger or international companies we aim
to have 60 days (38% of third party). Some
suppliers such as staff agencies are paid on
14 day terms which will be agreed as part of
the overall engagement. Other consultancy
and professional services can be payable on
30 day terms. If there are any variations to the
agreed terms these are discussed and agreed
with the supplier beforehand.
Were there any changes to the standard payment terms in the reporting period?
No
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
No further comment provided
Dispute resolution process
1. Supplier contacts Accounts payable to
chase payment
2. Accounts payable will check to see if
payment has recently been made or if invoice
has been received.
3. If invoice has not been received, copy is
requested, approved by budget holder and
paid on next payment run
4. If invoice has been received, approval for
payment is sought from the budget holder.
This can be escalated to the Financial
Controller or Finance Manager if required.
5. If there is a valid reason for non-payment,
budget holder will contact counterpart at
supplier to resolve.
6. Legal notices are dealt with by special legal
team in conjunction with Financial Controller &
Finance Manager
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 Fair 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