| 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 2025 - 30 Jun 2025 | 29 Jul 2025 | 56 | 24% | 40% | 36% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 64 | 15% | 20% | 65% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 64 | 18% | 21% | 61% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 65 | 21% | 14% | 65% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 62 | 24% | 16% | 60% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 66 | 21% | 15% | 65% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 65 | 23% | 14% | 63% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 63 | 25% | 16% | 59% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Qualifying contracts for this entity contain a number of different payment periods: Immediate 30 days 60 days 45 days 30 days and 5th of the following month 60 days and 5th of the following month Payments are made from date of receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
Standard 30-day terms for SMEs were introduced in place of a previous offer of 30 day terms upon application by the vendor.
Any other information about payment terms
1) Statistics Reported: Intercompany invoices and performance have been excluded from reported statistics as these are generally wholly owned group companies and would distort performance if included. 2) Payment terms for SMEs and 'Paid on Time' monitoring: Preferential payment terms of 30 days are put in place for vendors that are confirmed as SMEs (Small and Medium Enterprises). We closely monitor our KPIs on a weekly basis to ensure that vendors (including SMEs) are paid on time. Corrective actions are taken to remedy any late payment issues where these are within the entity’s control.
Maximum contractual payment period agreed
60
We offer our suppliers the following support and service: Enquiries and complaints can be logged through our Helpdesk support system (mail or telephone). Issues are often related to incorrect invoice submission, payment terms are not as per contract, PO details are wrong / nonexistent etc. Key performance metrics are monitored for quality of Helpdesk support. Our Supplier web pages also include details and a link to our Speak Up channels that enable concerns to be raised, including channels managed independently of GSK and the option to do so anonymously, although naturally it helps in resolving matters if we know as much as possible about the issue and complainant. We have invested in Customer Relationship Management (CRM) to ensure effective and independent supplier follow up and support to our suppliers raising issues.
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
SmithKline Beecham Limited is a British pharmaceutical company that specializes in the research, development, and production of innovative medicines and healthcare products. The company was founded in 1999 through the merger of SmithKline Beecham and Glaxo Wellcome. It is now a part of the global healthcare company GlaxoSmithKline.
The company's sustainability program is focused on reducing its environmental impact and promoting responsible business practices. This includes efforts to reduce carbon emissions, decrease water usage, and increase recycling. SmithKline Beecham Limited also works to ensure the safety and ethical sourcing of its ingredients and materials.
SmithKline Beecham Limited offers a wide range of products and services in various therapeutic areas such as respiratory, oncology, immunology, and vaccines. Some of their well-known products include Sensodyne toothpaste, Panadol pain relief, and Nicorette smoking cessation products.
The key people at SmithKline Beecham Limited include CEO Emma Walmsley and Chairman Jonathan Symonds. They lead a team of dedicated scientists, researchers, and employees who are committed to improving the health and well-being of people around the world.
For more information on SmithKline Beecham Limited, including their sustainability efforts and products, visit their website at www.gsk.com. The registered office address for the company is 980 Great West Road, Brentford, Middlesex, TW8 9GS, United Kingdom.