| 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.
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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
SMITH & NEPHEW UK LIMITED is a leading global medical technology company that specializes in the development and manufacturing of advanced medical devices and products. Founded in 1856, the company has a long history of innovation and is committed to improving the quality of life for patients around the world.
The company's sustainability program is a key part of their business strategy and aims to minimize their environmental impact while also promoting social responsibility. This includes reducing their carbon footprint, promoting sustainable sourcing and manufacturing practices, and investing in the communities where they operate.
SMITH & NEPHEW UK LIMITED offers a wide range of products and services in areas such as orthopedics, advanced wound management, sports medicine, and trauma. Their advanced wound care products are designed to help heal wounds faster and more effectively, while their orthopedic products help to improve joint function and mobility. The company also offers innovative solutions for sports injuries and trauma, helping patients to recover and return to their active lifestyles.
The company is led by a team of experienced professionals, including CEO Namal Nawana, who is committed to driving innovation and growth for the company. They are also dedicated to maintaining high ethical standards and promoting a diverse and inclusive workplace.
For more information on SMITH & NEPHEW UK LIMITED and their products and services, you can visit their website at www.smith-nephew.com. Their registered office address is 15 Adam Street, London, WC2N 6LA, United Kingdom.
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