GALDERMA (U.K.) LIMITED
Company number: 00715401
1 July 2022
to 31 December 2022
This report was filed on 30 January 2023
and approved by FELIX VON MOOS
Average time taken to pay invoices: 90 days
- within 30 days: 8%
- in 31 to 60 days: 24%
- in 61 days or more: 68%
Invoices due but not paid within agreed terms: 86 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard vendor terms are 60 days from
invoice, however, for certain healthcare
professional vendors, this payment term is
reduced to 30 days from invoice as standard.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Standard vendor terms are 60 days from invoice,
however, for certain healthcare professional
vendors, this payment term is reduced to 30 days
from invoice as standard.
Any other information about payment terms
Dispute resolution process
Our dispute resolution process is set out as standard in contracts
with suppliers and handled by Galderma's Global Shared Services
team. Galderma will raise issues with suppliers directly and
payment is only made once the dispute is resolved and all
documentation has 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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?