SANDOZ LIMITED
Company Information
- Company Number
- 01547204
- Registered Address
- Park View Riverside Way, Watchmoor Park, Camberley, Surrey, United Kingdom, GU15 3YL
- Status
- Active
- Employee Count
- 102
- Turnover
- £231,264,000
- EBITDA
- £9,689,000
Additional Details
- Website
- https://sandoz.com
- Company Type
- Private limited Company
- Incorporated On
- 24 February 1981
- Nature of Business
- 21100 - Manufacture of basic pharmaceutical products
- Industries
- Life Sciences And Medical Technology
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for SANDOZ LIMITED in terms of average time to pay invoices has been fluctuating between 45 to 72 days over the past three years, with an overall decrease in 2021 and an increase in 2022. However, there has been a consistent improvement in the percentage of invoices paid within 30 days, with a sharp increase in 2021 and a slight decrease in 2022. The percentage of invoices paid between 31 and 60 days has also seen improvement, with a decrease in 2021 and a slight increase in 2022. The percentage of invoices paid later than 60 days has been decreasing steadily since 2019.
Volatility Analysis
The volatility for SANDOZ LIMITED in terms of average time to pay invoices has been relatively stable, with only a slight increase in 2022. The percentage of invoices paid within 30 days has seen the most volatility, with a sharp increase in 2021 and a sharp decrease in 2022. The percentage of invoices paid between 31 and 60 days has also seen some volatility, with a decrease in 2021 and an increase in 2022. The percentage of invoices paid later than 60 days has been decreasing steadily, with some slight fluctuations in 2022.
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 47 | 34% | 36% | 30% | 37% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 45 | 30% | 43% | 27% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 50 | 33% | 36% | 31% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 56 | 21% | 36% | 43% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 50 | 24% | 36% | 40% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 39 | 42% | 37% | 21% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 48 | 28% | 39% | 33% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 51 | 28% | 33% | 38% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 47 | 41% | 27% | 32% | 39% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 52 | 35% | 29% | 36% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 72 | 39% | 28% | 33% | 42% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 72 | 15% | 37% | 48% | 53% |
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 payment terms are 60 days following the invoice receipt at Sandoz. Depending on the commercial situation, variations to these standard terms might be negotiated on some occasions.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
First point of contact for disputes or concerns is the Procure-to-Payment team within the Sandoz Global Services Centre, for which all suppliers have contact details of. In addition to that, new suppliers receive an on-boarding pack, which includes information on issue raising and related points of contact. When an invoice dispute is received, it should be resolved at point of contact with the Procure-to-Payment team. If this is not possible, the query will be escalated to the Business contact and relevant senior Finance contact or P2P Business Partner. Timelines of escalation vary, depending on the nature of the query. When resolved, the invoice will be available for payment on the next standard payment run.
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
SANDOZ LIMITED is a global pharmaceutical company that specializes in producing high-quality generic medicines and biosimilars. The company is a subsidiary of Novartis, one of the world's largest pharmaceutical companies.
SANDOZ LIMITED is committed to sustainability and has a strong sustainability program in place. The company aims to reduce its environmental impact through initiatives such as energy-efficient manufacturing processes, waste reduction, and water conservation. They also prioritize ethical and responsible business practices in their operations.
The company offers a wide range of generic medicines and biosimilars that are affordable and accessible to patients worldwide. They cover a variety of therapeutic areas, including cardiovascular, respiratory, oncology, and neuroscience.
Some key people in SANDOZ LIMITED include Richard Francis, the Global CEO, and Carol Lynch, the President of North America. The company has a team of over 26,000 employees globally, including scientists, researchers, and healthcare professionals.
To contact SANDOZ LIMITED, their website address is www.sandoz.com. Their registered office address is Sandoz House, Frimley Business Park, Frimley, Camberley, Surrey, GU16 7SR, United Kingdom.
In summary, SANDOZ LIMITED is a leading pharmaceutical company with a strong focus on sustainability and providing affordable healthcare solutions. With a wide range of products and a dedicated team, the company continues to make a positive impact in the global healthcare industry.
