LEICA BIOSYSTEMS NEWCASTLE LIMITED
Company number: 02163063
Reporting period:
1 January 2020 to
30 June 2020
This report was filed on 3 August 2020
and approved by Sarah Garrett
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 36%
- in 61 days or more: 44%
Invoices due but not paid within agreed terms: 76%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Payment terms negotiated with individual suppliers and range from 0 - 90 days
Were there any changes to the standard payment terms in the reporting period?
Terms are negotiated with suppliers when contracts come up for renewal.
Were suppliers notified or consulted about these changes before they were made?
As above
Maximum contractual payment period agreed
90 days
We only perform one payment run per month so contracted payment terms may be stretched if it falls between monthly payments. This is why the % of Invoices are not paid within agreed contract terms, however suppliers are aware and agree to one payment run a month.
Any other information about payment terms
N/A
Dispute resolution process
Invoices are recorded on ERP systems and blocked for payment until dispute resolved liaising with suppliers to try and resolve quickly.
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.
Yes
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