Industry ranking
Score of 86.6/100 qualifies for PaymentCheck Certification
| 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 2021 - 30 Jun 2021 | 27 Jul 2021 | 24 | 84% | 14% | 2% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 23 | 87% | 12% | 1% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 21 | 87% | 9% | 4% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms for GW Pharma Limited cover a variety of different payment terms, subject to the nature of the contract and the invoice. Typical payment terms can include: Immediate 7 Days 14 Days 30 Days 60 Days 20th day of the following month
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Intercompany invoices and performance have been excluded from reported statistics as these entirely relate to transactions between wholly owned group companies, and would distort performance if included.
Maximum contractual payment period agreed
60
Invoices are matched by a dedicated Accounts Payable team on receipt, and disputed invoices are notified to the supplier. Any disputes are managed directly with the supplier and investigated to resolve them in a timely manner. Disputes may arise due to, but not limited to, the following circumstances: • Non-receipt of invoice • Non-receipt of goods • Delivered product/service does not agree to invoice • Incomplete or incorrect information • Incorrect address or company name • VAT requirements • Change of details (i.e. new bank account)
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
GW PHARMA LIMITED is an active private limited company, incorporated on 29 January 1999, based in the East of England region. Registered business activity: Manufacture of pharmaceutical preparations.
From Companies House records.