GOV.UK
GALDERMA (U.K.) LIMITED
Company number: 00715401
Reporting period:
1 July 2020
to 31 December 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 27 July 2022
and approved by Yolinda Botha
Payment statistics
Average time taken to pay invoices: 68 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 33%
- in 61 days or more: 43%
Invoices due but not paid within agreed terms: 17 %
Payment terms
Shortest standard payment period
15 days
Longest standard payment period
60 days
Standard payment terms
60 days from invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Standard vendor payment terms are 60 days from
invoice, however for certain Health Care Professional
vendors, this payment term is reduced to 30 days from
invoice as standard.
Any other information about payment terms
N/A
Dispute resolution process
Dispute resolution process is set out in as standard in
contracts with suppliers and handled by the local
Finance team.
Galderma will raise issues with suppliers directly and
payment is only made once the disputes are resolved
and all documentation have been received.
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.
Yes
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