Registration Number
02883961
Registered Address
Bishop Meadow Road Loughborough Leicestershire LE11 5RG
Company Status
Active
Employee Count
704
Turnover
£287,918,000
EBITDA
£25,713,000
Website
fisher.co.uk/Company Type
Private limited Company
Incorporated on
24 December 1993
Nature of Business (SIC)
82990 - Other business support service activities not elsewhere classified
Industries
0
Region
East Midlands£445,000
£79,820,000
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
33 days
Payment Periods
Shortest
10 days
Longest
60 days
Max Contractual
180 days
Not Paid Within Terms
13%
| 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 | 30 Jan 2024 | 33 | 81% | 14% | 5% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 33 | 82% | 14% | 4% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 33 | 80% | 15% | 5% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 33 | 79% | 15% | 6% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 33 | 77% | 18% | 5% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 33 | 78% | 17% | 5% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 33 | 77% | 18% | 5% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 33 | 79% | 16% | 5% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 33 | 80% | 15% | 5% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 32 | 79% | 17% | 4% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 32 | 78% | 19% | 3% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 33 | 77% | 18% | 5% | 23% |
FISHER SCIENTIFIC U.K., LIMITED is a leading company in the field of scientific equipment and supplies in the United Kingdom
They offer a wide range of products and services for the scientific community, including laboratory equipment, chemicals, and consumables
One of the key focuses of FISHER SCIENTIFIC U.K., LIMITED is their sustainability program
They are committed to reducing their environmental impact and promoting sustainable practices in the scientific industry
They have implemented various initiatives, such as reducing their carbon footprint, promoting recycling and responsible waste management, and sourcing sustainable materials for their products
The company's products and services are highly regarded for their quality and reliability
They offer a comprehensive range of laboratory equipment, from basic instruments to advanced technology, to cater to the needs of various scientific fields
Their chemicals and consumables are also known for their high standards and are widely used in research and academic institutions
FISHER SCIENTIFIC U.K., LIMITED is led by a team of experienced and knowledgeable individuals who are dedicated to providing the best products and services to their customers
They are committed to maintaining the company's reputation as a trusted and reliable supplier in the scientific community
Contact information for FISHER SCIENTIFIC U.K., LIMITED can be found on their official website, including their registered office address and phone number
Their website also provides detailed information about their products, services, and sustainability program
Overall, FISHER SCIENTIFIC U.K., LIMITED is a well-respected and reputable company that continues to innovate and promote sustainability in the scientific industry
The average time taken for FISHER SCIENTIFIC U.K., LIMITED to pay invoices has remained consistent at 33 days across all periods. The percentage of invoices paid within 30 days has also remained consistent at an average of 78%. However, there has been a slight decrease in the percentage of invoices paid between 31 and 60 days, from an average of 18% to 15% in the most recent period. The percentage of invoices paid later than 60 days has also slightly decreased from an average of 5% to 4% in the most recent period.
The average time taken for FISHER SCIENTIFIC U.K., LIMITED to pay invoices has remained stable at 33 days with a small fluctuation of +/- 1 day. The percentage of invoices paid within 30 days has remained consistent at an average of 78% with a small fluctuation of +/- 1%. The percentage of invoices paid between 31 and 60 days has also remained stable at an average of 16% with a small fluctuation of +/- 1%. The percentage of invoices paid later than 60 days has shown a slight decrease from an average of 5% to 4% with a fluctuation of +/- 1%.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment term expectations are 60 days net, 30 days 2% discount 60 days net, 14 days 1.5% discount 60 days net. Where deemed applicable, Purchasing discuss the Corporate payment terms with suitable Suppliers and where feasible, agreement is made between both parties for ongoing business on this basis. As a site, we do not adopt a “standard payment terms” policy owing to the varied site spend requirements, related purchasing strategies utilised and the diverse types of supplier required. Purchasing uphold a steadfast stance that undue financial constraints on Suppliers are counterproductive. As such, before approaching Suppliers to discuss and agree payment terms, the nature of business (size/type), industry and likely future requirements are considered. All Payment Terms that are established between FSUK and Suppliers are always done so on a mutually agreed basis. Different types of “qualifying contract” Purchase Orders – Utilised for “standard” purchases across Direct/Indirect categories Contracts/Agreements – Utilised for “non-standard” purchases such as some project led purchases and complex purchases which require contract/legal involvement.
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
180
All payment terms are mutually agreed between both parties and Purchase Orders placed on this basis with clear “bill to” information indicated and Instructions to reference the Purchase Order number are clearly displayed on this document. This is done to proactively help avoid common reasons for delays in payment. Purchasing contact details are clearly shown on the covering e-mail as a specific point of contact to enable first point communication. At Order fulfilment or at agreed milestones indicated on the Purchase Order, invoices can be sent by the Supplier for payment. Payment Terms are applied based on the date of invoice unless deemed reasonable to utilise the date of receipt i.e. late receipt of invoice. Should an invoice contain erroneous information, this is queried internally by Account Payable with Purchasing to resolve. Should this not be possible, the Supplier will be notified of the query with the aim of providing assistance to avoid late payment.
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?
❌
