ABBOTT MEDICAL U.K. LIMITED
Company Information
- Company Number
- 02423907
- Registered Address
- Elder House Central Boulevard, Blythe Valley Business Park, Solihull, England, B90 8AJ
- Status
- Active
- Employee Count
- 264
- Turnover
- £160,976,000
- EBITDA
- £8,722,000
Additional Details
- Website
- https://abbott.com
- Company Type
- Private limited Company
- Incorporated On
- 19 September 1989
- Nature of Business
- 86900 - Other human health activities
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 Jan 2025 - 30 Jun 2025 | 01 Aug 2025 | 35 | 37% | 62% | 1% | 24% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 69 | 21% | 43% | 36% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 64 | 19% | 48% | 33% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 63 | 28% | 42% | 30% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 14 Aug 2023 | 62 | 16% | 43% | 41% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | 66 | 18% | 34% | 48% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Aug 2022 | 53 | 21% | 45% | 34% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 41 | 37% | 40% | 22% | 69% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Sept 2021 | 48 | 31% | 38% | 31% | 34% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard contractual terms for goods and services is 60 days. For Intercompany goods and services, the standard contractual terms are 35 days.
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
90
Dispute Resolution Process
The first point of contact for disputes is the Abbott Accounts Payable Shared Service Centre. When an invoice is disputed the vendor’s contact within Abbott (requisitioner) is informed and given the invoice number and the reason for the dispute. To resolve the dispute, the Abbott requisitioner must either work with vendor (for missing details) or amend the details of the PO in the ERP system. After resolution, the vendor is informed.
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.
❌
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.
❌
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
Company Summary
ABBOTT MEDICAL U.K
LIMITED is a subsidiary of the global healthcare company Abbott Laboratories
Based in Maidenhead, Berkshire, they are a leading provider of medical devices, diagnostics, and nutritional products in the United Kingdom.\n\nThe company is committed to sustainability and has implemented various initiatives to reduce their environmental impact, such as using renewable energy sources and reducing waste
They also prioritize diversity and inclusion in their workforce and have a strong ethical code of conduct.\n\nOne of their key products is the FreeStyle Libre system, a revolutionary glucose monitoring technology for people with diabetes
This system eliminates the need for finger pricking and provides continuous glucose monitoring through a sensor worn on the back of the upper arm
They also offer a range of other medical devices, such as heart valves and stents, as well as diagnostic tests for various conditions.\n\nThe key people at ABBOTT MEDICAL U.K
LIMITED include the managing director, Richard Staines, and the head of sustainability, Louise Woollard
The company has a dedicated customer service team that can be contacted for any inquiries or support.\n\nTheir website address is www.abbott.co.uk, where customers can find information about their products and services, as well as news and resources related to healthcare
The registered office address is Abbott House, Vanwall Business Park, Vanwall Road, Maidenhead, Berkshire, SL6 4XE.\n\nIn summary, ABBOTT MEDICAL U.K
LIMITED is a leading healthcare company in the UK, committed to sustainability and providing innovative medical devices and diagnostics
With a strong focus on ethical practices and diversity, they continue to make a positive impact on the healthcare industry
