ABBOTT LABORATORIES LIMITED
Company Information
- Company Number
- 00329102
- Registered Address
- Abbott House Vanwall Business Park, Vanwall Road, Maidenhead, Berkshire, SL6 4XE
- Status
- Active
- Employee Count
- 582
- Turnover
- £479,308,000
- EBITDA
- £33,149,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 June 1937
- Nature of Business
- 46460 - Wholesale of pharmaceutical goods
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 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 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 42 | 55% | 28% | 17% | 85% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Dispute Resolution Process
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.
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.
❌
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.
❌
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
Company Summary
Abbott Laboratories Limited is a global healthcare company that focuses on improving people's health through their products and services
They are committed to sustainability and have implemented various initiatives to reduce their environmental impact and promote social responsibility.\n\nTheir sustainability program includes reducing their carbon footprint, conserving water, and minimizing waste in their operations
They have also set targets for using renewable energy and increasing their use of sustainable materials in their products
Additionally, Abbott Laboratories Limited supports various community and philanthropic initiatives to improve access to healthcare in underserved areas.\n\nThe company offers a wide range of products and services in areas such as pharmaceuticals, medical devices, diagnostics, and nutrition
Some of their well-known products include Ensure, Similac, and FreeStyle Libre
They also provide services such as laboratory testing, diagnostic imaging, and personalized nutrition plans.\n\nThe key people at Abbott Laboratories Limited include Robert Ford, the President and CEO, and Miles White, the Executive Chairman of the Board
They have a team of dedicated employees who are passionate about improving healthcare outcomes for people around the world.\n\nThe company's website address is www.abbott.com and their registered office address is Abbott House, Vanwall Business Park, Vanwall Road, Maidenhead, Berkshire, SL6 4XE
Overall, Abbott Laboratories Limited is a leader in the healthcare industry with a strong commitment to sustainability and providing innovative products and services to improve people's lives
