GOV.UK
ALLERGAN LIMITED
Company number: 01049760
Reporting period:
1 January 2022
to 30 June 2022
This report was filed on 25 July 2022
and approved by Nick Hudson
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 42%
- in 61 days or more: 23%
Invoices due but not paid within agreed terms: 19 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
The standard payment terms for new vendors is 60 days. Historical existing vendors were set up with 30 days payment terms with some exceptions. We are moving more onto the 60 days following our acquisition by AbbVie and therefore a larger percentage of our vendors are now on 60 days.
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
Any disputes with invoices would first be referred to the budget holder responsible for engaging the supplier to open dialogue around the dispute. If the dispute was a minor issue i.e. invoiced to wrong entity or incorrect value, Accounts Payable would provide support in having replacement invoices, credits etc. issued. If the issue cannot be resolved via Accounts Payable, the supplier & budget holder, Procurement will be involved in terms of referring to the contract and the expectations of each party.
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