| 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 2024 - 31 Dec 2024 | 30 Jan 2025 | 40 | 42% | 50% | 8% | 24% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 37 | 45% | 47% | 8% | 28% |
| 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 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
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
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.
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
Norgine Limited is registered in Wales, with SIC coding for manufacture of basic pharmaceutical products. It forms part of the Norgine group, described on its website as a European specialist pharmaceutical company founded in 1906 that acquires, develops and commercialises medicines, working across gastroenterology, hepatology and other therapy areas through licensing and partnership arrangements. The group reports helping around 25 million patients worldwide each year and employs over 1,000 people internationally. Norgine Limited's own registered office is a Welsh facility, consistent with its stated manufacturing SIC classification, while wider group sales, patient reach and headcount figures relate to the Norgine group as a whole rather than to this entity alone.
Generated from the company's website and Companies House records. Sources: norgine.co.uk · norgine.co.uk