Industry ranking
| 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 | 35 | 78% | 10% | 12% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 34 | 74% | 10% | 16% | 29% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 29 | 78% | 12% | 11% | 24% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 29 | 83% | 9% | 8% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 32 | 82% | 8% | 10% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 36 | 70% | 12% | 18% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 32 | 80% | 8% | 12% | 20% |
| 01 Jul 2021 - 21 Dec 2021 | 14 Jan 2022 | 23 | 86% | 7% | 8% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 24 | 87% | 7% | 7% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 37 | 83% | 6% | 11% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Jul 2020 | 44 | 73% | 12% | 15% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 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
30
Any complaint or dispute will be considered by our Finance department and resolved as soon as possible.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
LifeArc, registered as company number 2698321, is a self-funded medical research charity based in London. Through LifeArc Ventures, its investment arm, the organisation invests in seed to Series B therapeutics and medtech companies across all therapeutic areas, co-investing with other life sciences venture funds internationally. It provides portfolio companies with scientific, commercial and financial support, drawing on expertise in translational science, venture capital, pharma and biotech business development. Returns generated from these investments are reinvested into LifeArc's core medical research objectives. The organisation is registered as a charity with the Charity Commission for England and Wales and with the Office of the Scottish Charity Regulator, and is constituted as a company limited by guarantee.
Generated from the company's website and Companies House records. Sources: lifearcventures.com · lifearcventures.com