NORGINE LIMITED
Company Information
- Company Number
- 00215668
- Registered Address
- New Rd Tiryberth, Hengoed, Mid-Glam, S Wales, CF82 8SJ
- Status
- Active
- Employee Count
- 695.0
- Turnover
- 121437000.0
- EBITDA
- 10203000.0
Additional Details
- Website
- https://norgine.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 14 August 1926
- Nature of Business
- 21100 - Manufacture of basic pharmaceutical products
- Industries
- 0
- Region
- Wales
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 | 30 Jan 2024 | 36 | 54% | 39% | 7% | 39% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 32 | 57% | 40% | 3% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 32 | 58% | 40% | 2% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 33 | 57% | 40% | 3% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 32 | 53% | 44% | 3% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Jul 2021 | 33 | 53% | 44% | 3% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 34 | 54% | 42% | 4% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 36 | 40% | 54% | 6% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 37 | 41% | 53% | 6% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 35 | 40% | 54% | 6% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 34 | 41% | 55% | 4% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 35% | 58% | 7% | 33% |
Company Summary
NORGINE LIMITED is a leading global pharmaceutical company that specializes in developing, manufacturing, and marketing innovative treatments for various gastrointestinal and liver diseases
The company was founded in 1927 and is headquartered in Dublin, Ireland
Sustainability is a key focus for Norgine, and the company has set ambitious targets to reduce their environmental impact
They are committed to reducing their carbon footprint and have implemented various initiatives to achieve this, such as using renewable energy sources and implementing sustainable packaging practices
Norgine offers a range of products and services that aim to improve the lives of patients suffering from gastrointestinal and liver diseases
Their portfolio includes prescription medicines, over-the-counter products, and medical devices
Some of their well-known products include MOVICOL, a laxative for the treatment of constipation, and PLENVU, a bowel cleansing agent for colonoscopies
The company is led by a team of experienced and dedicated individuals, including CEO Peter Stein, who has over 25 years of experience in the pharmaceutical industry
Norgine also has a strong team of scientists and researchers who are committed to developing innovative treatments to improve patient outcomes
For more information about Norgine and their products, you can visit their website at www.norgine.com
Their registered office address is Norgine House, Widewater Place, Moorhall Road, Harefield, Middlesex, UB9 6NS, United Kingdom
Company Review
Trend Analysis
The data shows a fluctuating trend in the average time it takes for NORGINE LIMITED to pay invoices to suppliers. From 2018 to 2023, the average time to pay has ranged from 32 to 37 days. However, there is a trend towards shorter payment periods in recent years, with the average time to pay decreasing from 37 days in 2019 to 32 days in 2023.
Volatility Analysis
The volatility in the data can be seen in the fluctuations in the percentage of invoices paid within 30 days, which ranges from 35% to 58% over the years. The percentage of invoices paid later than 60 days also fluctuates, ranging from 2% to 7%. However, there is a trend towards improvement in these numbers, with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days in recent years.
Summary Analysis
From 2018 to 2023, NORGINE LIMITED has shown a trend towards shorter payment periods, with the average time to pay decreasing from 36 days to 32 days. The percentage of invoices paid within 30 days has also increased from 35% to 53%, while the percentage of invoices paid later than 60 days has decreased from 7% to 3%. This indicates an overall improvement in the company's payment process.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are agreed with suppliers when they are set up on our systems before the first contract is entered into. A number of historic suppliers remain on their original terms and shorter terms are offered to consultants and sole traders, but the most commonly used payment terms for new suppliers are 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
To ensure prompt processing and payment, suppliers must quote a valid Purchase Order number on all invoices and email directly to APInvoices@norgine.com. Any queries should be directed to APHelpdesk@norgine.com.
Maximum contractual payment period agreed
60
Dispute Resolution Process
We have good relationships with our suppliers and rarely have disputes relating to payments. Any queries or disputes are raised with the accounts payable team at APHelpdesk@norgine.com who then forward the query or dispute to the designated Global Purchasing contact or other relationship contact within the business, to ensure that any dispute is resolved satisfactorily for both parties.
Other Payment Information
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
