BOSTON SCIENTIFIC LIMITED
Company Information
- Company Number
- 02729626
- Registered Address
- Breakspear Park, Breakspear Way, Hemel Hempstead, Hertfordshire, HP2 4TZ
- Status
- Active
- Employee Count
- 465
- Turnover
- £307,982,000
- EBITDA
- £13,089,000
Additional Details
- Website
- https://bostonscientific.com
- Company Type
- Private limited Company
- Incorporated On
- 8 July 1992
- Nature of Business
- 46690 - Wholesale of other machinery and equipment86900 - Other human health activities
- Industries
- Life Sciences And Medical Technology, Manufacturing
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for BOSTON SCIENTIFIC LIMITED to pay invoices has remained relatively consistent over the past three periods, ranging from 38 to 41 days. However, there was a slight increase in the most recent period, going from 38 to 41 days.
Volatility Analysis
The data for BOSTON SCIENTIFIC LIMITED shows very little volatility, with the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days remaining relatively consistent over the past three periods. The only noticeable change is in the percentage of invoices paid within 30 days, which saw a decrease from 33% to 16% in the most recent period.
Summary Analysis
In the past three periods, BOSTON SCIENTIFIC LIMITED has maintained an average time of 38-41 days to pay invoices. The company has consistently paid around 80% of their invoices within 60 days, with a small decrease in the most recent period to 72%. However, the percentage of invoices paid within 30 days has seen a significant decrease from 33% to 16% in the most recent period.
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 2021 - 31 Dec 2021 | 27 Apr 2022 | 41 | 16% | 83% | 1% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Oct 2021 | 40 | 17% | 82% | 1% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Mar 2021 | 39 | 19% | 80% | 1% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Aug 2020 | 38 | 27% | 72% | 1% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 13 Feb 2020 | 40 | 13% | 87% | 0% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Aug 2019 | 47 | 33% | 67% | 0% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 38 | 21% | 79% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 26% | 74% | 0% | 1% |
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
Our standard payment terms are between 30 and 45 days net after receipt of a correct invoice and Products or Services.
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
60
Dispute Resolution Process
We aim to resolve disputes and answer queries as quickly as possible. Disputes and questions on invoices and payments are handled by our Accounts Payable team, who can be contacted on PTPGreatBritain@bsci.com. Please be prepared with your invoice number, PO number if applicable and other details related to the invoice.
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.
✅
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
Boston Scientific Limited is a leading medical device company that focuses on the development and delivery of innovative medical solutions for patients around the world. Founded in 1979, the company is headquartered in Marlborough, Massachusetts, with operations in over 100 countries.
The company's sustainability program is centered around three pillars: people, planet, and products. Boston Scientific Limited is committed to promoting a diverse and inclusive workplace, reducing its environmental impact, and developing products that improve patient outcomes while also being environmentally responsible.
The company offers a wide range of medical devices and services in various therapeutic areas, including cardiology, endoscopy, urology, and neuromodulation. Some of their notable products include the WATCHMAN™ Left Atrial Appendage Closure Device, the ACURATE Neo™ Aortic Valve System, and the SpyGlass™ DS Direct Visualization System.
Key people at Boston Scientific Limited include CEO and President Michael F. Mahoney and Executive Vice President and Chief Financial Officer Daniel J. Brennan. The company's registered office address is 300 Boston Scientific Way, Marlborough, Massachusetts, USA.
Boston Scientific Limited's website, www.bostonscientific.com, provides comprehensive information about the company's products, services, and sustainability efforts. It also includes a contact page for customers and investors to reach out to the company for any inquiries.
