| 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 2018 - 31 Dec 2018 | 28 Jan 2019 | 37 | 49% | 45% | 6% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 35 | 48% | 47% | 5% | 76% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company follows a standard payment terms of "30 days end of the following month, in which the invoice is received". For Intercompany Vendor's the standard terms are "180 days from the date of invoice". For reporting purpose we have reported the standard terms of normal vendors.
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
In case of any invoice disputes, the relevant department within the company availing the services is informed by email. The relevant department would then inform the vendor via email/phone of the nature of dispute and get it resolved. In case of disputes relating to services, the relevant department before approving the costs would inform the Vendor over an email. In case the invoice is considered to be correct, the same is internally approved and paid. For minor invoice errors, the Finance department may send an email directly to the relevant finance contact on Vendor side.
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
Focus Pharmaceuticals Limited is a UK-registered company whose stated activities are the manufacture of pharmaceutical preparations, wholesale of pharmaceutical goods, and research and experimental development in natural sciences and engineering. It was incorporated in 2002, initially registered as Westloch Ltd before adopting its current name. Companies House records show it is controlled by Mercury Pharma Group Limited, indicating it operates as part of a wider pharmaceutical group rather than as an independent trading business. The company remains active, filing accounts and confirmation statements from a London registered office. No further detail on specific products or markets is available from the supplied evidence.
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