Industry ranking
| 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 2024 - 31 Dec 2024 | 06 Feb 2025 | 81 | 14% | 54% | 32% | 34% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Jul 2024 | 49 | 32% | 45% | 23% | 50% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 81 | 14% | 54% | 32% | 34% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 72 | 17% | 52% | 31% | 31% |
| 01 Jun 2022 - 31 Dec 2022 | 07 Jul 2023 | 85 | 13% | 41% | 46% | 40% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Jul 2023 | 106 | 8% | 20% | 72% | 70% |
| 30 Jun 2021 - 30 Dec 2021 | 24 Jan 2022 | 57 | 38% | 30% | 32% | 33% |
| 31 Dec 2020 - 29 Jun 2021 | 22 Jul 2021 | 49 | 22% | 64% | 14% | 21% |
| 30 Jun 2020 - 30 Dec 2020 | 18 Jan 2021 | 49 | 30% | 42% | 28% | 16% |
| 31 Dec 2019 - 29 Jun 2020 | 15 Jul 2020 | 52 | 19% | 64% | 18% | 20% |
| 30 Jun 2019 - 30 Dec 2019 | 16 Jan 2020 | 47 | 22% | 70% | 8% | 16% |
| 31 Dec 2018 - 29 Jun 2019 | 25 Jul 2019 | 47 | 25% | 64% | 11% | 22% |
| 30 Jun 2018 - 30 Dec 2018 | 24 Jan 2019 | 49 | 20% | 72% | 8% | 12% |
| 31 Dec 2017 - 29 Jun 2018 | 18 Jul 2018 | 51 | 19% | 69% | 12% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days from the date of the invoice. We do have vendors set up with shorter or in a few cases with longer payment terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Intercompany invoices and vendors paid by direct debit have been reported separately from third party vendors. However they are included in overall performance.
Maximum contractual payment period agreed
60
In the first instance disputes will be received by our Invoice processing contact centre at the defined email address or telephone number printed on every Purchase Order and Payment Remittance Advice. Queries will then be forwarded to the requester of the services/goods for information and evaluation. Failure to meet resolution will be escalated to the local Finance team and/or global P2P team and include the specific Buyer for the service/goods that is responsible for the vendor relationship.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
EuroAPI UK Limited is registered in Haverhill, Suffolk, and is the UK entity within the EuroAPI group, a manufacturer of active pharmaceutical ingredients (APIs). Its Companies House classification covers manufacture of basic pharmaceutical products. The wider EuroAPI group develops and produces around 200 APIs for human and animal health, supplying customers in more than 80 countries from production sites across Europe, and also offers contract development and manufacturing (CDMO) services for innovative molecules. As part of this group, the UK company forms part of the group's industrial network supporting API supply within the pharmaceutical value chain, rather than operating as an independent standalone manufacturer or trading under its own separate brand.
Generated from the company's website and Companies House records. Sources: euroapi.com · euroapi.com