| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Dec 2019 - 04 May 2020 | 29 Jun 2020 | 59 | 4% | 55% | 41% | 0% |
| 01 Jun 2019 - 30 Nov 2019 | 23 Dec 2019 | 73 | 1% | 48% | 51% | 0% |
| 01 Dec 2018 - 31 May 2019 | 28 Jun 2019 | 70 | 3% | 27% | 70% | 1% |
| 01 Jun 2018 - 30 Nov 2018 | 19 Dec 2018 | 61 | 12% | 50% | 38% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
• Qualifying contracts with entities: 60 days or the next payment run thereafter • No payment terms in majority of qualifying contracts with individuals • Purchase Order terms and conditions: the later of 60 calendar days and the next processing run immediately thereafter
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Pfizer offers suppliers the opportunity to check the current status of their invoices through an accounts payable portal. Suppliers can view when their invoice is due for payment on this portal. The tool is offered free of charge. In case a supplier needs to contact Pfizer accounts payable department, an email address is available on every purchase order the supplier receives. Pfizer accounts payable department aims to resolve issues as promptly as possible, on average between 3 to 5 working days.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
PFIZER CONSUMER HEALTHCARE is an active private unlimited company, incorporated on 6 November 1913, based in the South East region. Registered business activity: Wholesale of pharmaceutical goods.
From Companies House records.