LIVANOVA PLC
Company number: 09451374
Reporting period:
1 January 2021 to
30 June 2021
This report was filed on 28 July 2021
and approved by ALEX SHVARTSBERG
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 9%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 DAYS DUE NET
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
90 DAYS DUE NET
Any other information about payment terms
N/A
Dispute resolution process
Supplier with contact AP with dispute on missing payment, AP will investigate if the invoice has been received, by whom and in what time frame. All invoices should have a valid PO - we have a no PO no Pay policy since the end of 2020. AP will investigate and get the query resolved as soon as possible.
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