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ORTHO-CLINICAL DIAGNOSTICS

Company number: 02549777

Reporting period:
1 July 2021 to 31 December 2021


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

This report was filed on 19 January 2022

and approved by Paul Hackworth

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

Invoices due but not paid within agreed terms: 19 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

The companies standard payment terms are set for 60 days. Exceptions are always based on contracts

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

No

Maximum contractual payment period agreed

180 days

Any other information about payment terms

Any dispute about invoice payment that cannot be resolved with the companies accounts payable team can be escalated initially to the Group Financial Controller.

Dispute resolution process

Any dispute about invoice payment that cannot be resolved with the companies accounts payable team can be escalated initially to the group financial controller.

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.

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.

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