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NAPP PHARMACEUTICAL GROUP LIMITED

Company number: 00884285

Reporting period:
1 July 2021 to 31 December 2021


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

This report was filed on 30 January 2022

and approved by Stephen Jamieson

Payment statistics

Average time taken to pay invoices: 20 days

Invoices paid:

  • within 30 days: 69%
  • in 31 to 60 days: 31%

Invoices due but not paid within agreed terms: 38%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Invoices are typically paid in payment runs twice a month within the 60 day standard payment period

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

Full details of any dispute or complaint relating to a payment for the supply of goods or services should be sent to: accountspayable@napp.co.uk together with the following information: a. Supplier name and address. b. Napp contact person/reference. c. Supplier invoice number. Napp will acknowledge receipt of your email within 5 working days and will aim to respond in full within 14 days of the date of the acknowledgement. A longer response may be required if the matter is complex and/or requires legal review.

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