CELLTECH R&D LIMITED

Company number: 01472269

Reporting period:
1 July 2020 to 31 December 2020

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This report was filed on 20 January 2021

and approved by Yogesh Khatri

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

• within 30 days: 23%
• in 31 to 60 days: 50%
• in 61 days or more: 27%

Invoices due but not paid within agreed terms: 9%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

90 days

Standard payment terms

UCB payment terms are 60 days for most vendors. Some vendors are paid on 30 day term

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

90 days

No further comment provided

Any other information about payment terms

Other payment terms are provided, but not always specific to contract type. Rebate suppliers 30 days, most hotels are 30 days, universities and hospitals 30 days.

Dispute resolution process

Any complaints regarding payments, are to be logged with our accounts payable helpdesk. It will then be raised with the payments team and cause and resolution will be investigated. If there is any escalation it will be referred to the local accounts payable lead.

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.

Yes

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