AVIAGEN UK LIMITED
Company number: SC065463
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 17 November 2023
and approved by Mark Ashman
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 14%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 40 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
A large proportion of the company's suppliers have agreed different payment terms, most commonly 30 days after receipt of invoice. The company makes bulk weekly payment runs, therefore invoices are usually paid on the payment run that is closest to the due date on a supplier's invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
As the company's standard payment practice is a payment run once a week, any invoices paid after the due date tend to be ones that were not due on the date of the previous week's payment run and therefore payment can run overdue.
Dispute resolution process
The main method of resolving these is via both parties' commercial contacts.
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