ALMUS PHARMACEUTICALS LIMITED
Company number: 05037422
Reporting period:
1 September 2018 to
28 February 2019
This report was filed on 29 March 2019
and approved by Careen Snadden
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 6%
Invoices due but not paid within agreed terms: 3%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Almus Pharmaceuticals Limited, has what we believe to be, fair and reasonable payment practices and an established standard payment terms for 30 days from receipt of invoice.
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
N/A
Dispute resolution process
The main point of contact for disputes is the Almus Pharmaceuticals Ltd Assistant Accountant, who manages the approval of invoices and follows internal processes to deal with and resolve disputes within 2 working days. Unresolved disputes are escalated at monthly reviews with Almus Pharmaceuticals Ltd senior management.
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