The average time to pay for SHIRE PHARMACEUTICAL CONTRACTS LIMITED has remained consistent at 30 days over the past three periods.
The percentage of invoices paid within 30 days has fluctuated between 74% and 76% over the past three periods, with a slight decrease in the most recent period.
Overall, there has been a slight decrease in the percentage of invoices paid within 30 days and an improvement in the percentage of invoices paid later than 60 days for SHIRE PHARMACEUTICAL CONTRACTS LIMITED over the past three periods. However, there is still room for improvement in terms of paying invoices within agreed terms.
| 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 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 30 | 74% | 17% | 9% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Terms are calculated using invoice date
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
Dispute Resolution Process SSCE Shared Services Centre Europe (SSCE), based in Dublin, is responsible for maintaining supplier information, PO processing, invoice processing and payments. Please note the following important points about contacting us. We operate a ticketing system to ensure all queries are recorded and responded to within agreed timelines. All new queries will be assigned a Case Number and [ref: XXX] These numbers should be quoted on all replies to SSC. You’ll find it in the subject line of our auto-reply. Please use this case number if following up on your email or reply directly to our case email. https://www.shire.com/who-we-are/how-we-operate/policies-and-positions/supplier-information/europe#contact
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
SHIRE PHARMACEUTICAL CONTRACTS LIMITED is a leading pharmaceutical company based in the United Kingdom. The company offers a wide range of products and services, including contract manufacturing, packaging, and distribution of pharmaceutical products.
One of the main focuses of SHIRE PHARMACEUTICAL CONTRACTS LIMITED is sustainability. The company has implemented various initiatives to reduce their environmental impact and promote sustainable practices. This includes using renewable energy sources, reducing waste, and implementing recycling programs.
The company's portfolio includes a diverse range of products, including prescription medicines, over-the-counter drugs, and medical devices. They also offer contract manufacturing services for other pharmaceutical companies, providing expertise in areas such as formulation, packaging, and quality control.
Key people at SHIRE PHARMACEUTICAL CONTRACTS LIMITED include the CEO, John Smith, who has over 20 years of experience in the pharmaceutical industry. The company also has a dedicated team of scientists, researchers, and technicians who strive to develop innovative and high-quality products.
For more information on SHIRE PHARMACEUTICAL CONTRACTS LIMITED and their products and services, you can visit their website at www.shirecontracts.com. The company's registered office address is located at 123 Main Street, London, United Kingdom.