GLAXOSMITHKLINE SERVICES UNLIMITED

Company Information

Company Number
01047315
Registered Address
980 Great West Road, Brentford, Middlesex, TW8 9GS
Status
Active
Employee Count
8952.0
Turnover
2941000000.0
EBITDA
451000000.0

Additional Details

Company Type
Private unlimited company
Incorporated On
23 March 1972
Nature of Business
70100 - Activities of head offices
Industries
Healthcare And Wellbeing,Life Sciences And Medical Technology,Supply Chain,Manufacturing And Commerce Models
Region
London

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£4,000,000.00
Net Worth
£970,000,000.00
Total Current Assets
£895,000,000.00
Total Current Liabilities
£2,146,000,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
69 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
18%
31-60 Days
7%
After 60 Days
75%
Not Paid Within Terms4%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018020406080

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20246918%7%75%4%
01 Jan 2023 - 30 Jun 202328 Jul 20237216%6%78%7%
01 Jul 2022 - 31 Dec 202227 Jan 20237513%5%82%8%
01 Jan 2022 - 30 Jun 202228 Jul 20227213%7%80%6%
01 Jul 2021 - 31 Dec 202128 Jan 20227312%6%82%6%
01 Jan 2021 - 30 Jun 202130 Jul 2021759%4%87%4%
01 Jul 2020 - 31 Dec 202028 Jan 20216223%5%72%3%
01 Jan 2020 - 30 Jun 202029 Jul 2020758%6%86%4%
01 Jul 2019 - 31 Dec 201929 Jan 2020748%7%85%4%
01 Jan 2019 - 30 Jun 201930 Jul 2019765%6%89%4%
01 Jul 2018 - 31 Dec 201831 Jan 2019774%6%90%4%
01 Jan 2018 - 30 Jun 201830 Jul 2018793%2%95%11%

Company Summary

GLAXOSMITHKLINE SERVICES UNLIMITED is a leading global healthcare company that focuses on developing and providing innovative pharmaceutical, vaccine, and consumer healthcare products

The company has a strong commitment to sustainability and is dedicated to making a positive impact on people's health, the planet, and the communities in which it operates

The sustainability program of GLAXOSMITHKLINE SERVICES UNLIMITED is centered around four key areas: access to healthcare, environmental sustainability, ethical business practices, and community engagement

The company works towards increasing access to its products and services in underprivileged communities, reducing its carbon footprint, promoting responsible sourcing and ethical practices, and supporting local communities through various initiatives

GLAXOSMITHKLINE SERVICES UNLIMITED offers a wide range of products and services in the healthcare sector, including prescription medicines, vaccines, and over-the-counter healthcare products

Some of their well-known brands include Panadol, Sensodyne, and Advair

The key people at GLAXOSMITHKLINE SERVICES UNLIMITED include Chief Executive Officer, Emma Walmsley, and Chairman, Sir Jonathan Symonds

The company has a global workforce of over 100,000 employees and operates in more than 150 countries

For more information on GLAXOSMITHKLINE SERVICES UNLIMITED and its products and services, you can visit their website at www.gsk.com

The registered office address of the company is 980 Great West Road, Brentford, Middlesex, TW8 9GS, United Kingdom

Company Review

Trend Analysis

The average time taken for GLAXOSMITHKLINE SERVICES UNLIMITED to pay invoices to suppliers has been gradually decreasing, with a significant drop from 79 days in the first period to 69 days in the last period. This shows a trend towards faster payment to suppliers.

Volatility Analysis

The volatility of GLAXOSMITHKLINE SERVICES UNLIMITED's payment process can be seen in the fluctuations of the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. While there have been some periods with increases and decreases, overall there has been a general trend towards paying invoices within the agreed terms.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Qualifying contracts for this entity contain a number of different payment periods:  Immediate  30 days  60 days  45 days  30 days and 5th of the following month  60 days and 5th of the following month Payments are made from date of receipt of invoice.

Were there any changes to the standard payment terms in the reporting period?

Yes – Standard 30-day terms for SMEs were introduced in place of a previous offer of 30 day terms upon application by the vendor.

Any other information about payment terms

1) Statistics Reported: Intercompany invoices and performance have been excluded from reported statistics as these are generally wholly owned group companies and would distort performance if included. 2) Payment terms for SMEs and 'Paid on Time' monitoring: Preferential payment terms of 30 days are put in place for vendors that are confirmed as SMEs (Small and Medium Enterprises). We closely monitor our KPIs on a weekly basis to ensure that vendors (including SMEs) are paid on time. Corrective actions are taken to remedy any late payment issues where these are within the entity’s control.

Maximum contractual payment period agreed

60

Dispute Resolution Process

We offer our suppliers the following support and service:  Enquiries and complaints can be logged through our Helpdesk support system (mail or telephone). Issues are often related to incorrect invoice submission, payment terms are not as per contract, PO details are wrong / nonexistent etc. Key performance metrics are monitored for quality of Helpdesk support.  Our Supplier web pages also include details and a link to our Speak Up channels that enable concerns to be raised, including channels managed independently of GSK and the option to do so anonymously, although naturally it helps in resolving matters if we know as much as possible about the issue and complainant.  We have invested in Customer Relationship Management (CRM) to ensure effective and independent supplier follow up and support to our suppliers raising issues.

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

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