The average time for ALLERGAN HOLDINGS LIMITED to pay invoices has fluctuated over the past three years, with a slight increase in the latest period. The percentage of invoices paid within 30 days has also varied, with a decrease in the most recent period. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, and a decrease in the percentage of invoices paid later than 60 days.
The volatility of ALLERGAN HOLDINGS LIMITED's invoicing payments can be seen in the fluctuations of the average time to pay and the percentage of invoices paid within 30 days. There is also some volatility in the percentage of invoices paid later than 60 days, but it has been decreasing in the past few periods.
| 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 | 43 | 22% | 58% | 20% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 36 | 54% | 31% | 15% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 32 | 42% | 51% | 7% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 33 | 47% | 47% | 6% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 34 | 38% | 56% | 6% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 32 | 54% | 40% | 6% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Jul 2019 | 33 | 46% | 47% | 7% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 03 Jul 2019 | 33 | 47% | 46% | 7% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 40 | 62% | 23% | 15% | 41% |
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 Holdings Limited is a UK-registered holding company with a registered head office activities classification. It has been controlled by AbbVie Ltd since December 2021, having previously been controlled by Allergan Holdco UK Limited, and holds subsidiaries including Allergan Limited. The wider Allergan group, of which it forms part, develops, manufactures and markets aesthetics products such as facial injectables, body contouring treatments and skin care. As a holding entity, this company itself does not trade directly but sits within the corporate structure linking UK Allergan operations to the AbbVie group. It was originally incorporated in 1988 under the name Mitphan Limited before adopting its current name shortly afterwards.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk