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 | 30 Jul 2025 | 45 | 82% | 8% | 10% | 41% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 45 | 83% | 9% | 8% | 50% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 45 | 77% | 16% | 7% | 55% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 47 | 80% | 8% | 12% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 65 | 80% | 9% | 11% | 45% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 49 | 74% | 15% | 12% | 45% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 49 | 74% | 22% | 4% | 57% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 59 | 81% | 9% | 10% | 51% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 56 | 47% | 10% | 43% | 58% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 34 | 68% | 12% | 20% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Thermo Fisher Corporate payment term expectations are net 75 days. There are instances where different payment terms have been agreed with vendors and these can range from payment on presentation of invoice through to payment within 90 days. We aim to abide by the agreed payment terms based upon timely submission of satisfactory invoices being received.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
As the corporate entity for the Thermo Fisher Scientific group in the UK we are, at times, asked by other areas of the group to make urgent payments to vendors. Upon such requests we aim to make payments within 3 working days to the vendor.
Maximum contractual payment period agreed
90
The company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to the satisfaction of all parties prior to payment being made. In the event that a dispute cannot be resolved it is escalated internally and with the supplier to seek resolution.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Thermo Electron (Management Services) Limited is a UK-registered private company originally incorporated in 1996 under other names, including Amberagent Limited, FI Limited, Thermo FI Limited and Thermo Haake (U.K.) Limited. Its registered activities are head office functions and other business support services. It has been controlled by Life Sciences International Limited since 2016 and holds a subsidiary, Thermo Ramsey Italia SRL, indicating it operates as a management and holding entity within the wider Thermo Electron corporate group, which is associated with laboratory and life sciences instrumentation businesses such as Thermo Haake and Thermo Ramsey. No further detail on day-to-day trading activity beyond these administrative and group-management functions is available in the evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk