IMMUNOCORE LIMITED

Company number: 06456207

Reporting period:
1 August 2018 to 31 January 2019

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This report was filed on 11 March 2019

and approved by Andrew Hotchkiss

Payment statistics

Average time taken to pay invoices: 23 days

Invoices paid:

• within 30 days: 83%
• in 31 to 60 days: 16%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 18%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

30 days

Standard payment terms

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

30 days

N/A

Any other information about payment terms

Of the 18% Invoice due but not paid within agreed terms these invoices are in query and reviewed monthly.

Dispute resolution process

Any disputes on individual invoices are raised in the first instance to the finance email box or by phone to the finance team. They will work with the supplier to resolve the issue. We aim to resolve issues raised with suppliers within 5 working days, but we typically respond the next working day. Any contractual disputes are managed though our commercial contract management process.

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.

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