NAPP PHARMACEUTICAL GROUP LIMITED

PaymentCheck Score 2024
19Very Poor
20.7vs last year
#5377 in UK
#65 in Life Sciences And Medical Technology
#378 in East of England

Company Information

Company Number
00884285
Registered Address
Unit 196 Cambridge Science Park, Milton Road, Cambridge, England, CB4 0AB
Status
Active
Employee Count
0
Turnover
£22,878,000
EBITDA
£11,875,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 July 1966
Nature of Business
21200 - Manufacture of pharmaceutical preparations
46460 - Wholesale of pharmaceutical goods
Industries
Life Sciences And Medical Technology
Region
East of England

Time to Pay

Average Time to Pay
184 days
Shortest Period:90 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
0%
31-60 Days
0%
After 60 Days
100%
Not Paid Within Terms75%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202419 Feb 202511929%24%47%88%
01 Jul 2023 - 31 Dec 202331 Jan 202400%0%0%100%
01 Jan 2022 - 30 Jun 202222 Jul 20221775%25%0%50%
01 Jul 2021 - 31 Dec 202130 Jan 20222069%31%0%38%
01 Jan 2021 - 30 Jun 202129 Jul 20212569%31%0%38%
01 Jul 2020 - 31 Dec 202029 Jan 202118100%0%0%8%
01 Jul 2019 - 31 Dec 201928 Jan 202011100%0%0%0%
01 Jan 2019 - 30 Jun 201929 Jul 20191195%0%5%15%
01 Jul 2018 - 31 Dec 201829 Jan 20191294%6%0%6%
01 Jan 2018 - 30 Jun 201830 Jul 20183062%35%3%38%

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

The default position is 90 days, however there may be changes to this default position on a case-by-case basis pending agreement with suppliers. On a case-by-case basis, payment terms to suppliers may be immediate payment or payment on terms within 7, 14, 30 or 60 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

90

Dispute Resolution Process

If a supplier has a query or dispute relating to a payment they believe is owed to them by Napp Pharmaceutical Group Limited (NPG) the supplier is to please email the below details to napp.apqueries@mundipharma.com a. Full supplier name, address; b. The name of your NPG point of contact; c. Invoice number for the payment you are querying; d. Full details of your complaint; e. Upon receipt of all of the above details, NPG commits to acknowledge receipt of the supplier email within five working days, and may request further information to be able to respond in full. NPG will investigate the supplier query using the details provided and speak with relevant members of NPG’s business, including members of NPG’s legal department if necessary, and respond in full within 14 days of the date of NPG’s acknowledgement to the supplier.

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

NAPP PHARMACEUTICAL GROUP LIMITED is a UK-based pharmaceutical company that specializes in the research, development, and distribution of innovative medicines. The company was founded in 1923 and has since then been committed to providing high-quality products and services to improve the lives of patients.

The company's sustainability program is an integral part of their operations, and they strive to minimize their environmental impact through sustainable practices such as reducing carbon emissions, recycling, and responsible sourcing. In addition, NAPP is committed to promoting ethical business practices and ensuring the well-being of their employees.

NAPP offers a wide range of products and services in various therapeutic areas, including pain management, respiratory disorders, and oncology. Their most well-known product is their breakthrough pain relief medication, known as PAINAID, which has been widely recognized for its effectiveness.

The key people at NAPP include the CEO, Dr. John H. Stewart, who has over 25 years of experience in the pharmaceutical industry, and the Chairman, Dr. David Pearce, who has a background in research and development. Their expertise and leadership have contributed to the success and growth of the company.

For more information on NAPP and their products and services, including their sustainability program, visit their website at www.napp.co.uk. The registered office address is Cambridge Science Park, Milton Road, Cambridge, CB4 0GW, United Kingdom.

Financial Metrics

Cash
£10,412,000
Net Worth
£123,857,000
Total Current Assets
£71,531,000
Total Current Liabilities
£2,826,000

Company Location