MODERNA BIOTECH UK LIMITED
Company number: 11990046
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
30 July 2025
Approved by:
Brian Taylor Sandstrom
Payment statistics
Average time taken to pay invoices: 122 days
Total value paid:
- within 30 days: £1,917 (1%)
- in 31 to 60 days: £67,235 (50%)
- in 61 days or more: £66,483 (49%)
Invoices paid:
- within 30 days: 1%
- in 31 to 60 days: 34%
- in 61 days or more: 65%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £59,812
- payments due in the reporting period which have not been paid within the agreed period: 55%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
60 days
Standard payment terms
Net 60 for regular companies, Net 0 for healthcare professionals, government entities, insurance companies. These payment terms apply unless specifically stated in the agreement or the SOW.
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
0 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In case of unpaid invoice – supplier contacts accountspayable@modernatx.com who is responsible for payment terms verification and preparing payment as soon as possible In case of quality/quantity/price difference – invoice is rejected back to supplier’s contact address by Accounts Payable based on order owner’s comment with a standard notification (wording may be slightly different depending on rejection reason): Dear Supplier, please be informed that your invoice has been rejected by order owner due to quality/quantity/price difference. Please contact your Moderna Business Contact to explain the difference. Amended invoice please resubmit to invoice@modernatx.com. Thank you for your understanding. Kind Regards, Moderna Accounts Payable Team
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.
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