The average time taken for ALLERGAN LIMITED to pay invoices has been increasing steadily over the past three periods, with a slight dip in 2020. The percentage of invoices paid within 30 days has been decreasing, while the percentage of invoices paid between 31 and 60 days and later than 60 days has been increasing. This suggests that the company is taking longer to pay its invoices overall.
The volatility in ALLERGAN LIMITED's payment patterns can be seen in the varying percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. There is also volatility in the average time taken to pay invoices, with the highest being 46 days and the lowest being 28 days.
From the data provided, it can be seen that ALLERGAN LIMITED has been consistently taking longer to pay invoices over the past three periods. The percentage of invoices paid within 30 days has decreased from 67% to 41%, while the percentage of invoices paid between 31 and 60 days has increased from 28% to 38%. The worst period for ALLERGAN LIMITED was in 2021, where 28% of invoices were paid later than 60 days. However, there has been a slight improvement in the most recent period, with the percentage of invoices paid within 30 days increasing to 41%. The company's shortest standard payment period has remained consistent at 30 days.
| 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 2022 - 30 Jun 2022 | 25 Jul 2022 | 46 | 35% | 42% | 23% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 43 | 41% | 38% | 21% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 38 | 36% | 36% | 28% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 33 | 50% | 40% | 10% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 34 | 51% | 37% | 12% | 39% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 31 | 59% | 33% | 8% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Jul 2019 | 30 | 64% | 30% | 6% | 53% |
| 01 Jul 2018 - 31 Dec 2018 | 02 Jul 2019 | 28 | 67% | 28% | 5% | 51% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 41 | 60% | 22% | 18% | 54% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms for new vendors is 60 days. Existing vendors are, in most cases, set up with 30 days payment terms with some exceptions.
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
60
Any disputes with invoices would first be referred to the budget holder responsible for engaging the supplier to open dialogue around the dispute. If the dispute was a minor issue i.e. invoiced to wrong entity or incorrect value, Accounts Payable would provide support in having replacement invoices, credits etc. issued. If the issue cannot be resolved via Accounts Payable, the supplier & budget holder, Procurement will be involved in terms of referring to the contract and the expectations of each party.
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
Allergan Limited is the UK registered entity trading as Allergan Aesthetics, part of the AbbVie group. Its own site describes Allergan Aesthetics as a company that develops, manufactures and markets aesthetic medicine products, including facial injectables, body contouring treatments, plastics and skin care. Companies House records the entity's nature of business as wholesale of pharmaceutical goods, reflecting its role in distributing these products within the UK market as part of the wider AbbVie group's operations. The company was incorporated in 1972, is based in Marlow, and remains active, continuing to operate under the Allergan Aesthetics brand rather than its original registered name.
Generated from the company's website and Companies House records. Sources: allergan.co.uk