| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 50 | 23% | 52% | 25% | 37% |
| 01 Jan 2025 - 30 Jun 2025 | 01 Aug 2025 | 58 | 9% | 58% | 33% | 19% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 57 | 10% | 54% | 36% | 22% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 59 | 9% | 55% | 36% | 26% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 62 | 10% | 54% | 36% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Aug 2023 | 66 | 8% | 52% | 40% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | 63 | 9% | 52% | 39% | 38% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Aug 2022 | 66 | 10% | 51% | 39% | 47% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 62 | 11% | 54% | 35% | 70% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Sept 2021 | 64 | 11% | 56% | 33% | 79% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 63 | 10% | 53% | 37% | 75% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 64 | 9% | 50% | 41% | 84% |
| 01 Jul 2019 - 31 Dec 2019 | 05 Feb 2020 | 75 | 8% | 49% | 43% | 80% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 63 | 10% | 53% | 37% | 83% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 42 | 55% | 28% | 17% | 85% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms for goods and services is 90 days For Intercompany goods and services, the standard contractual terms are 35 days
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
120
The first point of contact for disputes is the Abbott Accounts Payable Shared Service Centre. When an invoice is disputed the vendor’s contact within Abbott (requisitioner) is informed and given the invoice number and the reason for the dispute. To resolve the dispute, the Abbott requisitioner must either work with vendor (for missing details) or amend the details of the PO in the ERP system. After resolution, the vendor is informed.
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.
❌
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.
❌
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
Abbott Laboratories Limited is the UK-registered entity of Abbott, incorporated in 1937 and registered as a wholesaler of pharmaceutical goods. Its evidence base relates to the FreeStyle Libre brand, marketed under Abbott, which provides sensor-based continuous and flash glucose monitoring systems for people with diabetes. These devices give real-time glucose readings via a smartphone app, without routine finger pricks, and connect to companion apps allowing users to share data with carers and healthcare professionals. The company operates within the wider Abbott group, which develops and supplies these medical monitoring devices, while this UK entity's registered activity is described as pharmaceutical wholesale distribution.
Generated from the company's website and Companies House records. Sources: freestylediabetes.co.uk