ROCHE DIABETES CARE LIMITED
Company number: 09055599
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
14 July 2022
Approved by:
Nicholas Guy Pearson
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 31%
- 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
120 days
Standard payment terms
The company's standard payment terms are 30 days (44% of 3rd Party) which are agreed up front on the placing of the purchase order. For larger or international companies we aim to have 60 days (35% of third party).
Some suppliers such as staff agencies are paid on 14 day terms which will be agreed as part of the overall engagement.
Other consultancy and professional services can be payable on 30 day terms.
If there are any variations to the agreed terms, these are discussed and agreed with the supplier beforehand.
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
1: Supplier contacts Accounts Payable to chase payment
2: Accounts Payable will check to see if payment has recently been made or if invoice has been received
3: If invoice has not been received, copy is requested, approved by budget holder and paid on next payment run
4: If invoice has been received, approval for payment is sought from the budget holder. This can be escalated to
the Financial Controller or Finance Manager if required
5: If there is a valid reason for non-payment, budget holder will contact counterpart at supplier to resolve
6: Legal notices are dealt with by special legal team in conjunction with Financial Controller & Finance Manager
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.
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