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NAPP PHARMACEUTICAL GROUP LIMITED

Company number: 00884285

Reporting period:
1 January 2022 to 30 June 2022


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

This report was filed on 22 July 2022

and approved by Stephen Jamieson

Payment statistics

Average time taken to pay invoices: 17 days

Invoices paid:

  • within 30 days: 75%
  • in 31 to 60 days: 25%

Invoices due but not paid within agreed terms: 50%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms are 60 days from the date of invoice.

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

60 days

No further comment provided

Any other information about payment terms

Some suppliers require immediate, 7, 14 or 30 day payment terms.

Dispute resolution process

If there are any queries or disputes relating to a payment, the supplier is requested to supply their full name and address, the name of the Napp point of contact, invoice number and full details of the complaint and forward this information to Napp at the e-mail address: accountspayable@napp.co.uk Upon receipt of all the supplier details, Napp commits to acknowledge receipt of supplier email within 5 working days (and may request further information to be able to respond to the supplier in full). Napp will investigate the supplier query using the details provided in their email and hold discussions with the relevant member of the Napp business, including members of the Napp legal team (if necessary) and will respond to the supplier in full within 14 days of the date of Napp's initial acknowledgement to the supplier email.

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.

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