FRESENIUS KABI LIMITED
Company number: 02182135
Reporting period:
1 January 2024 to
30 June 2024
This report was filed on 6 August 2024
and approved by Mikko Tiitinen
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 52%
- in 61 days or more: 24%
Invoices due but not paid within agreed terms: 76%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Most frequent 3rd party payment terms are 30 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
Fresenius Group supplier terms are 180 days from the invoice date. As we buy a lot of product from other Group companies this does distort our average payment terms.
Dispute resolution process
Where invoices received from suppliers do not match to expected values or units from purchase orders, contact is made with suppliers to discuss and amend invoices as appropriate with a view to swift resolution of disputes
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