GOV.UK
SYNGENTA UK LIMITED
Company number: 00849037
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 20 July 2018
and approved by Andy Johnson
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 88%
- in 31 to 60 days: 9%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 49 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Syngenta has various payment terms the most common of which is 30 days from end of month.
Were there any changes to the standard payment terms in the reporting period?
Yes – There have been some changes made between different standard payment terms for certain suppliers
Were suppliers notified or consulted about these changes before they were made?
Yes – Any changes to payment with existing suppliers followed a process whereby contracts with suppliers were discussed and mutually agreed.
Maximum contractual payment period agreed
60 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 Services Desk in Bangalore. 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