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INDIVIOR UK LIMITED

Company number: 07183451

Reporting period:
1 January 2021 to 30 June 2021


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 14 July 2021

and approved by Thomas Weis

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

Invoices due but not paid within agreed terms: 17 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

120 days

Standard payment terms

Standard Global Payment terms = 60 days from Invoice date. Standard Small Business Payment terms = 30 days from Invoice date

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

No

Maximum contractual payment period agreed

120 days

Any other information about payment terms

Payment terms are agreed up front with the supplier as part of the purchasing negotiations.

Dispute resolution process

All our suppliers have the possibility to resolve disputes via our Accounts payable team, or escalating to our Procurement Team if not satisfied.

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