IPSEN LIMITED
Company number: 06751069
Reporting period:
1 January 2022
to 30 June 2022
This report was filed on 21 July 2022
and approved by Alexandre Visciglio
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 17%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 24 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms of 30 days for 3rd party vendors.
Standard payment terms of 45days for intercompany.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
In case of any discrepancy between goods received and invoice receipt - person who made an order is responsible for contacting the vendor and understand the difference.
There is a generic email address and direct phone number available for all vendors where all payment related questions can be routed.
Terms and conditions are attached to the copy of the Purchase Order that is sent to vendors.
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