TAKEDA UK LIMITED
Company number: 03362860
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
20 November 2018
Approved by:
Bill Walker
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 51%
- in 61 days or more: 28%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 78%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
The bulk of our payment terms are 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Dispute resolution is implemented where an agreement cannot be reached and is used to facilitate a peaceful outcome. There are a range of techniques that we deploy such as negotiation, mediation and diplomacy.
We maintain good business relationships by handling disputes in a respectful and positive way in order to keep relationships strong with our suppliers.
The dispute will be handled by the senior manager in the department involved, and would look to be resolved as quickly as possible.
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 Fair 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.
Yes
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