The average time taken for BAUSCH & LOMB U.K. LIMITED to pay invoices has fluctuated over the past five years, with a slight decrease from 2018-2019, followed by a large increase in 2020, and then a gradual decrease again in 2021 and 2022. However, there is still a significant increase in the average time to pay compared to the initial period in 2018.
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with a slight decrease in 2019 and a slight increase in 2022. However, there is a significant increase in volatility in the percentage of invoices paid between 31 and 60 days, with a sharp increase in 2020 and then a gradual decrease in 2021 and 2022. The percentage of invoices paid later than 60 days has also shown high volatility, with a sharp increase in 2020 and then a gradual decrease in 2021 and 2022. The percentage of invoices not paid within agreed terms has also shown high volatility, with a sharp increase in 2020 and then a gradual decrease in 2021 and 2022.
| 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 Jul 2023 - 31 Dec 2023 | 15 Mar 2024 | 45 | 33% | 60% | 7% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | 49 | 31% | 60% | 9% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jul 2023 | 53 | 29% | 58% | 13% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 17 Jul 2023 | 54 | 27% | 66% | 9% | 21% |
| 07 Jul 2021 - 29 Dec 2021 | 26 May 2022 | 61 | 21% | 66% | 13% | 15% |
| 06 Jan 2021 - 30 Jun 2021 | 26 May 2022 | 60 | 12% | 57% | 31% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 52 | 9% | 50% | 41% | 74% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 59 | 17% | 56% | 27% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 48 | 31% | 61% | 8% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 87 | 27% | 57% | 16% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 42 | 38% | 57% | 5% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 40 | 42% | 54% | 4% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from date of invoice
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
60
Disputes are submitted to a dedicated email inbox for Accounts payable Kingston_ap_queries@bausch.com they are then resolved within 5 working days of the original email. Invoices with no valid purchase order cannot be accepted. Our standard payment terms are 60 days from the date of invoice.
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
Bausch & Lomb U.K. Limited is the UK arm of the Bausch + Lomb eye health business, whose registered activity is wholesale of pharmaceutical goods. Its website describes three core business units, Vision Care, Pharmaceuticals and Surgical, supporting healthcare professionals and patients. Products include contact lenses and lens care solutions, over-the-counter eye health items such as dry eye and allergy treatments, prescription pharmaceuticals for conditions like glaucoma and dry eye disease, and surgical ophthalmic devices. The company traces its heritage in the UK back to 1853. It operates as part of the wider Bausch + Lomb group, which has supplied eye care and pharmaceutical products for over 170 years.
Generated from the company's website and Companies House records. Sources: bausch.co.uk · bausch.co.uk · bausch.co.uk