BOSTON SCIENTIFIC LIMITED
Company number: 02729626
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
29 October 2021
Approved by:
S Simmons
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 82%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms
are between 30 and 45 days
net after receipt of a correct
invoice and Products or
Services.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
We aim to resolve disputes
and answer
queries as quickly as possible.
Disputes and
questions on invoices and
payments are
handled by our Accounts
Payable team, who
can be contacted on
PTPGreatBritain@bsci.com.
Please be prepared with your
invoice
number, PO number if
applicable and other
details related to the invoice.
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 Fair 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