NAPP PHARMACEUTICAL GROUP LIMITED

Company number: 00884285

Reporting period:
1 January 2024 to 30 June 2024

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This report was filed on 31 July 2024

and approved by Stephen Jamieson

Payment statistics

Average time taken to pay invoices: 184 days

Invoices paid:

• in 61 days or more: 100%

Invoices due but not paid within agreed terms: 75%

Payment terms

Shortest standard payment periods

90 days

Longest standard payment period

Answer not provided

Standard payment terms

The default position is 90 days, however there may be changes to this default position on a case-by-case basis pending agreement with suppliers. On a case-by-case basis, payment terms to suppliers may be immediate payment or payment on terms within 7, 14, 30 or 60 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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

If a supplier has a query or dispute relating to a payment they believe is owed to them by Napp Pharmaceutical Group Limited (NPG) the supplier is to please email the below details to napp.apqueries@mundipharma.com a. Full supplier name, address; b. The name of your NPG point of contact; c. Invoice number for the payment you are querying; d. Full details of your complaint; e. Upon receipt of all of the above details, NPG commits to acknowledge receipt of the supplier email within five working days, and may request further information to be able to respond in full. NPG will investigate the supplier query using the details provided and speak with relevant members of NPG’s business, including members of NPG’s legal department if necessary, and respond in full within 14 days of the date of NPG’s acknowledgement to the supplier.

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