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IPSEN LIMITED

Company number: 06751069

Reporting period:
1 July 2023 to 31 December 2023

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 January 2024

and approved by Alexandre Visciglio

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

• within 30 days: 81%
• in 31 to 60 days: 19%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 22 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Standard payment terms: 30 days from the invoices date for third party vendors
45days end of the month for intercompany transactions

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

In case of any discrepancy between goods received and invoice receipt - person who made an order is responsible for contacting the vendor and understand the difference.
There is a generic email address and direct phone number available for all vendors where all payment related questions can be routed.
Terms and conditions are attached to the copy of the Purchase Order that is sent to vendors

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