NAPP PHARMACEUTICAL GROUP LIMITED
Company number: 00884285
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
Stuart Baker
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 35%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 38%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Invoices are paid in a weekly payment run as they fall due
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
60 days
No further comment provided
Any other information about payment terms
Some hotels and small businesses require immediate, 7 or 14 days’ payment terms and we pay as per their invoiced payment terms
Dispute resolution process
As a supplier, if you have a query or dispute relating to a payment you believe is owed to you, please email the following details to accountspayable@napp.co.uk: a. Full supplier name, address; b. The name of your 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, we commit to acknowledge receipt of your email within 5 working days, and may request further information to be able to respond in full. We will investigate your query using the details provided and speak with relevant members of our business, including members of the legal department if necessary, and respond in full within 14 days of the date of our acknowledgement to you.
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