AVIAGEN LIMITED

Company number: 01610943

Reporting period:
1 January 2019 to 30 June 2019

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This report was filed on 30 September 2019

and approved by STEPHEN MCPHILLIPS

Payment statistics

Average time taken to pay invoices: 35 days

Invoices paid:

• within 30 days: 65%
• in 31 to 60 days: 28%
• in 61 days or more: 7%

Invoices due but not paid within agreed terms: 48%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Where not otherwise agreed, the company aims to pay suppliers by the end of the month following the delivery of goods or services. A large proportion of the company's suppliers have agreed different payment terms, most commonly 30 days after receipt of invoice. The company makes bulk weekly payment runs, so invoices are typically paid on the payment run that is closest to the technical due date on a supplier's 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

A rare occurrence that would be resolved through mutual discussion with suppliers.

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.

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