KYOWA KIRIN SERVICES LTD
Company Information
- Company Number
- 02360391
- Registered Address
- 1st Floor Sackville House, 143-149 Fenchurch Street, London, England, EC3M 6BL
- Status
- Active
- Employee Count
- 189.0
- Turnover
- 346794000.0
- EBITDA
- 84949000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 March 1989
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Dec 2023 | 31 Jan 2024 | 47 | 41% | 47% | 12% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 45 | 42% | 43% | 15% | 53% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 43 | 41% | 49% | 10% | 51% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Aug 2022 | 34 | 55% | 34% | 11% | 60% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 31 | 68% | 26% | 7% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 35 | 60% | 31% | 9% | 37% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 30 | 68% | 25% | 7% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 31 | 64% | 31% | 6% | 41% |
Company Summary
KYOWA KIRIN SERVICES LTD is a global pharmaceutical company that focuses on research and development, manufacturing, and marketing of innovative medicines
Their mission is to improve the health and well-being of people around the world
The company was founded in 2008 and is headquartered in London, United Kingdom
It is a subsidiary of the Japanese pharmaceutical company, Kyowa Kirin Co
Ltd
The company has a strong presence in Europe, North America, and Asia, with a diverse portfolio of products in the areas of oncology, nephrology, immunology, and neuroscience
KYOWA KIRIN SERVICES LTD is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have set targets to reduce their carbon emissions and waste generation, and have also implemented sustainable sourcing practices for their raw materials
The company's products and services are designed to improve the lives of patients and contribute to a healthier society
They have a strong focus on developing medicines for rare and life-threatening diseases, where there is a high unmet medical need
Their products are known for their high quality, safety, and efficacy, and are approved by regulatory bodies in different countries
The key people at KYOWA KIRIN SERVICES LTD include the Chief Executive Officer, Dr
Tom Stratford, who has over 25 years of experience in the pharmaceutical industry
The company also has a team of experienced scientists, researchers, and business professionals who are dedicated to advancing their mission
To learn more about KYOWA KIRIN SERVICES LTD, their products, and services, you can visit their website at https://www.kyowakirin.com/en/
Their registered office address is 1-9-2 Otemachi, Chiyoda-ku, Tokyo 100-0004, Japan
They also have regional offices and manufacturing facilities in different countries
Company Review
Trend Analysis
The average time taken for KYOWA KIRIN SERVICES LTD to pay invoices has fluctuated over the past three periods, with an increase in the last period. The percentage of invoices paid within 30 days has also fluctuated, with a decrease in the last period. However, the percentage of invoices paid between 31 and 60 days has remained consistent, while the percentage of invoices paid later than 60 days has slightly increased in the last period. The percentage of invoices not paid within agreed terms has also fluctuated, with a decrease in the last period.
Volatility Analysis
The average time taken for KYOWA KIRIN SERVICES LTD to pay invoices has varied between 30 and 47 days, with the largest change being a 12-day increase in the last period. The percentage of invoices paid within 30 days has varied between 41% and 68%, with the largest change being a 7% decrease in the last period. The percentage of invoices paid between 31 and 60 days has remained consistent at 31-34%, while the percentage of invoices paid later than 60 days has varied between 6% and 15%, with the largest change being a 4% increase in the last period. The percentage of invoices not paid within agreed terms has varied between 37% and 60%, with the largest change being a 23% decrease in the last period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Unless otherwise agreed in writing, Kyowa Kirin Services Limited will pay for third party goods or services, within 30 days of receipt of a correct, undisputed and properly due VAT invoice, such invoice to be provided by the supplier within the time contractually agreed with Kyowa Kirin Services Limited. Invoices must generally state: the contact details of the Kyowa Kirin Services Limited point of contact; the relevant purchase order number; the period to which the invoice relates; the Supplier’s bank account for payment; all charges and applicable taxes, and a description of the services/products. If Kyowa Kirin Services Limited has a bona fide dispute relating to all or some of the supplier’s invoices, Kyowa Kirin Services Limited may withhold payment of the amount, subject to resolution of the dispute.
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
Payment disputes are settled in the first instance by the purchase ledger team. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalate in the first instance to the relevant Head of Department to seek a resolution.
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.
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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
