GOV.UK
NAPP PHARMACEUTICAL GROUP LIMITED
Company number: 00884285
Reporting period:
1 January 2022
to 30 June 2022
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%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 50 %
Payment terms
Standard payment period for qualifying contracts
30 days
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?
No
Maximum contractual payment period agreed
60 days
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
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