PIRAMAL HEALTHCARE UK LIMITED

Company number: 05370591

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 21 July 2020

and approved by Rob Haxton

Payment statistics

Average time taken to pay invoices: 52 days

Invoices paid:

• within 30 days: 7%
• in 31 to 60 days: 63%
• in 61 days or more: 29%

Invoices due but not paid within agreed terms: 1%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

75 days

Standard payment terms

Standard payment terms vary across the business depending on the nature of the supply and the geographical location of the supplier. The majority of our customers are paid at the end of the month following the date of the invoice

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

75 days

The 75 days represents the time delay it takes for purchases from China to reach the UK by sea.

Any other information about payment terms

N/A

Dispute resolution process

We would normally resolve disputes on a case by case basis depending on the commercial environment at that time. Disputes can arise due to the quality of raw materials supplied and are usually resolved amicably

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, 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