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
130.0
Turnover
167091000.0
EBITDA
9014000.0

Additional Details

Company Type
Private limited Company
Incorporated On
24 February 1981
Nature of Business
21100 - Manufacture of basic pharmaceutical products
Industries
0
Region
South East

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£0.00
Net Worth
£41,892,000.00
Total Current Assets
£88,533,000.00
Total Current Liabilities
£50,288,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
47 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
34%
31-60 Days
36%
After 60 Days
30%
Not Paid Within Terms37%

Payment Features

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

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 2018015304560

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 202331 Jan 20244734%36%30%37%
01 Jan 2023 - 30 Jun 202319 Jul 20234530%43%27%26%
01 Jul 2022 - 31 Dec 202230 Jan 20235033%36%31%28%
01 Jan 2022 - 30 Jun 202220 Jul 20225621%36%43%31%
01 Jul 2021 - 31 Dec 202125 Jan 20225024%36%40%23%
01 Jan 2021 - 30 Jun 202115 Jul 20213942%37%21%28%
01 Jul 2020 - 31 Dec 202027 Jan 20214828%39%33%24%
01 Jan 2020 - 30 Jun 202029 Jul 20205128%33%38%36%
01 Jul 2019 - 31 Dec 201931 Jan 20204741%27%32%39%
01 Jan 2019 - 30 Jun 201930 Jul 20195235%29%36%46%
01 Jul 2018 - 31 Dec 201828 Jan 20197239%28%33%42%
01 Jan 2018 - 30 Jun 201827 Jul 20187215%37%48%53%

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

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.

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

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