| 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 2025 - 31 Dec 2025 | 02 Feb 2026 | 64 | 6% | 27% | 67% | 11% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 50 | 1% | 78% | 21% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 04 Feb 2025 | 51 | 22% | 43% | 35% | 16% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 60 | 20% | 40% | 40% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | 60 | 19% | 37% | 44% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Jan 2023 | 50 | 25% | 35% | 40% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 23 Dec 2022 | 51 | 19% | 35% | 46% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 71 | 3% | 22% | 75% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 18 Jan 2021 | 69 | 5% | 25% | 70% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 71 | 5% | 18% | 77% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Mar 2019 | 59 | 7% | 53% | 40% | 90% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 70 | 5% | 28% | 67% | 82% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms for goods and services is 90 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
First point of contact for disputes is Abbott Accounts Payable Shared Service Centre in India. When an invoice is disputed the vendor’s contact within Abbott (requisitioner) is informed and given invoice number and reason of dispute. To resolve the dispute, the Abbott requisitioner must either work with vendor (for missing details) or amend details of PO in the ERP system. After resolution, vendor is informed.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Abbott Diabetes Care Limited is a global healthcare company that specializes in diabetes care. The company is a division of Abbott Laboratories, a leading healthcare company that focuses on improving the health of people worldwide.
The primary goal of Abbott Diabetes Care Limited is to help people living with diabetes manage their condition and improve their overall quality of life. The company achieves this by developing and providing innovative products and services that make diabetes management easier and more effective.
One of the key products of Abbott Diabetes Care Limited is the FreeStyle Libre system, a glucose monitoring system that uses a small sensor attached to the back of the upper arm to continuously measure glucose levels. This system eliminates the need for fingerstick testing, providing more convenience and accuracy for people with diabetes.
In addition to their products, Abbott Diabetes Care Limited also has a strong sustainability program. The company is committed to reducing its environmental impact and promoting sustainable practices in all aspects of its operations. This includes reducing waste, conserving resources, and increasing energy efficiency.
The key people at Abbott Diabetes Care Limited include the company's President, Jared Watkin, and the Senior Vice President of Diabetes Care, Robert Ford. Both have extensive experience in the healthcare industry and are dedicated to driving innovations in diabetes care.
For more information about the company's products and services, customers can visit their website at https://www.freestylelibre.co.uk/. The registered office address of Abbott Diabetes Care Limited is Abbott House, Vanwall Business Park, Vanwall Road, Maidenhead, Berkshire, SL6 4XE, United Kingdom.
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