ABCAM LIMITED
Company Information
- Company Number
- 03509322
- Registered Address
- Discovery Drive, Cambridge Biomedical Campus, Cambridge, United Kingdom, CB2 0AX
- Status
- Active
- Employee Count
- 1,729
- Turnover
- £361,700,000
- EBITDA
- £42,800,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 February 1998
- Nature of Business
- 20140 - Manufacture of other organic basic chemicals32990 - Other manufacturing not elsewhere classified72110 - Research and experimental development on biotechnology
- Industries
- Life Sciences And Medical Technology
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 22 Jul 2025 | 33 | 23% | 62% | 15% | 75% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 77 | 31% | 56% | 13% | 66% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 48 | 67% | 25% | 8% | 32% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 33 | 78% | 18% | 4% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 54 | 47% | 28% | 25% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 41 | 32% | 56% | 12% | 65% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 54 | 12% | 75% | 13% | 82% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 52 | 14% | 68% | 18% | 84% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 51 | 45% | 34% | 21% | 57% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 38 | 52% | 38% | 10% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jan 2019 | 36 | 76% | 15% | 9% | 26% |
| 01 Jul 2017 - 31 Dec 2017 | 22 Jan 2018 | 38 | 76% | 16% | 8% | 27% |
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
Abcam is committed to paying all approved, undisputed expenditure promptly and within the agreed payment terms on receipt of a valid invoice. Disputes are targeted to be responded to within 48 hours of receipt of the dispute with either an acknowledgement of receipt or a resolution. Our most frequently used payment terms for qualifying contracts are 30-day terms. Much of our due but not paid within terms is due to invoices being due for payment between our weekly payment runs.
Were there any changes to the standard payment terms in the reporting period?
Abcam are in the process of term negotiation with our suppliers to bring us in line with our parent company and other opco's during this reporting period, this will be an ongoing process as we work with all current suppliers whilst removing under 30-day term options from newly set up suppliers.
Any other information about payment terms
Abcam are in the process of term negotiation with our suppliers to bring us in line with our parent company and other opco's during this reporting period, this will be an ongoing process as we work with all current suppliers whilst removing under 30-day term options from newly set up suppliers.
Maximum contractual payment period agreed
1825
Dispute Resolution Process
All Procurement and Accounts Payable staff are trained and understand the importance of the timely and complete investigation through to resolution of disputes. Disputes are targeted to be responded to within 48 hours of receipt with either an acknowledgement of receipt or a resolution. Causes for dispute might include, but not limited to the following: · Non-receipt of invoice · Goods not received · Delivered product/service not matching invoice · Insufficient information o Incorrect bill to address or company name o Missing/Incorrect information (purchase order requirements) o VAT requirements o Change of details (i.e. new bank account) To proactively avoid any disputes leading from delays in payments the accounts payable team email all suppliers AR departments directly, confirming any of the above points requesting a corrected invoice to ensure payments are not delayed. All statements received are also reconciled and confirmation of the reconciliation sent back to the supplier so that they are fully aware of all invoice statuses at the point of reconciliation.
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.
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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
Company Summary
ABCAM LIMITED is a global life science company that specializes in providing high-quality research tools and services to the scientific community. The company was founded in 1998 and is headquartered in Cambridge, United Kingdom.
The main activities of ABCAM LIMITED include the production and distribution of antibodies, proteins, and other tools for biological research. They offer a wide range of products and services to support various research areas such as cancer, neuroscience, and immunology. Their products are used by researchers in academic institutions, pharmaceutical companies, and biotechnology firms.
ABCAM LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a sustainability program in place that focuses on reducing waste, conserving energy, and promoting sustainable procurement practices. The company also actively supports local communities through various charitable and volunteering efforts.
The key people at ABCAM LIMITED include Dr. Jonathan Milner, the Co-founder and Deputy Chairman, and Dr. John Baker, the CEO. The company has a team of over 1,100 employees worldwide who are dedicated to providing top-quality products and services to their customers.
For more information about ABCAM LIMITED and their products and services, you can visit their website at www.abcam.com. Their registered office address is 330 Cambridge Science Park, Cambridge, CB4 0FL, United Kingdom.
