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 Jul 2024 - 31 Dec 2024 | 12 Mar 2025 | 41 | 28% | 67% | 5% | 14% |
| 01 Jan 2024 - 30 Jun 2024 | 05 Aug 2024 | 48 | 19% | 76% | 5% | 16% |
| 01 Jul 2023 - 31 Dec 2023 | 12 Jan 2024 | 38 | 60% | 35% | 5% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 42 | 27% | 68% | 5% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 39 | 34% | 61% | 5% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 37 | 36% | 61% | 3% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 38 | 32% | 66% | 2% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 42 | 22% | 75% | 2% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 46 | 20% | 73% | 7% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 57 | 17% | 61% | 22% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 85 | 11% | 53% | 36% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 68 | 13% | 55% | 32% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 Days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Any dispute or claim (regardless of its legal or equitable theory) arising in connection with the Order, or any act or omission in its performance shall be resolved solely and finally by binding arbitration conducted by a single arbitrator in accordance with the Rules of Arbitration of the International Chamber of Commerce ("the ICC") The seat of the arbitration will be London. The arbitration language shall be English.
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?
No information available
Smith & Nephew UK Limited is registered as a head office activities entity (SIC 70100) and forms part of the Smith+Nephew group, a global medical technology business. The wider group designs and makes products for wound care, sports medicine, orthopaedic reconstruction and ear, nose and throat treatment, including foam dressings, negative pressure wound therapy systems, tendon repair implants, joint replacement systems and surgical robotics platforms. As the UK entity within this structure, it sits alongside the group's operating businesses rather than trading independently in its own right. The group describes itself as focused on repair, regeneration and replacement of soft and hard tissue, serving healthcare professionals and patients worldwide.
Generated from the company's website and Companies House records. Sources: smith-nephew.com