Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 | 02 Jan 2026 | 33 | 23% | 62% | 15% | 75% |
| 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 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 33 | 61% | 33% | 6% | 41% |
| 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 2020 - 31 Dec 2020 | 25 Jan 2021 | 46 | 33% | 56% | 11% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 48 | 45% | 37% | 18% | 57% |
| 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 Jan 2018 - 30 Jun 2018 | 11 Jul 2018 | 39 | 66% | 22% | 12% | 36% |
| 01 Jul 2017 - 31 Dec 2017 | 22 Jan 2018 | 38 | 76% | 16% | 8% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Included in the data are large intercompany suppliers which we have cleared from our system. This has impacted on the “AVERAGE NUMBER OF DAYS FOR MAKING PAYMENT” negatively and if these were not included then we would have been 34 DAYS
Were there any changes to the standard payment terms in the reporting period?
Abcam have begun the process of term negotiation with our suppliers to bring us inline with our new 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
No additional information
Maximum contractual payment period agreed
120
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 . Incorrect bill to address or company name . Missing/Incorrect information (purchase order requirements) . VAT requirements . 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.
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
Abcam Limited, based in Cambridge, was previously known as Abcam PLC and, before that, Tayvin 103 Limited. Companies House filings show its registered activities include the manufacture of other organic basic chemicals, other manufacturing, and research and experimental development in biotechnology, consistent with a life sciences research tools and reagents business. In December 2023 the company re-registered from a public limited company to a private limited company, and Companies House records show Danaher Corporation was notified as a person with significant control from 6 December 2023, following a scheme of arrangement. The entity therefore now operates as part of the Danaher Corporation group rather than as an independently listed company.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk