FRESENIUS KABI LIMITED

Company number: 02182135

Reporting period:
1 January 2021 to 30 June 2021

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

This report was filed on 23 July 2021

and approved by Niamh Matic

Payment statistics

Average time taken to pay invoices: 62 days

Invoices paid:

within 30 days: 64%
in 31 to 60 days: 10%
in 61 days or more: 26%

Invoices due but not paid within agreed terms: 33%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms to affiliate companies are 180 days from invoice date. Standard payment terms to third party companies are 30 days from invoice date.

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

180 days

No further comment provided

Any other information about payment terms

N/A

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.

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?