BARCLAY PHARMACEUTICALS LIMITED

Company number: 02770716

Reporting period:
1 October 2022 to 31 March 2023

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This report was filed on 22 May 2023

and approved by Dominik Mueser

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 53%
• in 61 days or more: 32%

Invoices due but not paid within agreed terms: 30%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

Answer not provided

Standard payment terms

"GNFR, payment shall be notified to the seller on the 28th day of the second month following the date of invoice with cleared funds following the second working day of the third month for undisputed invoices. (Average of 75 days) GFR, payment shall be notified to the seller on the 28th day of the first month following the date of invoice with cleared funds received the second working day of the second month for undisputed invoices. (Average of 45 days)"

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

N/A

Dispute resolution process

The main point of contact for disputes is the Accounts Payable department who manage the approval of invoices and follow internal processes to deal with and resolve invoice queries. Disputes will be investigated by the Accounts Payable team, who will liaise with the appropriate function to resolve the query. Query invoices will be held for payment until resolved. 

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.

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