The average payment time of 71 days indicates a general trend towards slower payments, with a substantial 32% of invoices paid over 60 days. While 42% are paid within 30 days, the notable proportion exceeding 60 days suggests a consistent trajectory of longer payment cycles for a significant segment of transactions.
Payment reliability shows moderate predictability, characterized by a wide distribution from swift to considerably delayed payments. The 9% late payment rate, coupled with 32% of payments exceeding 60 days, introduces a notable risk of extended payment timelines and potential cash flow variability for suppliers.
Suppliers should anticipate an average payment cycle of around 71 days, with a significant probability of payments extending beyond 60 days. It is recommended to build longer payment terms into agreements or account for extended cash flow timelines to mitigate potential liquidity challenges.
| 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 | 19 Feb 2025 | 52 | 41% | 38% | 21% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The default position is 90 days, however there may be changes to this default position on a case-by-case basis pending agreement with suppliers. On a case-by-case basis, payment terms to suppliers may be immediate payment or payment on terms within 7, 14, 30 or 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
90
If a supplier has a query or dispute relating to a payment they believe is owed to them by Mundipharma Research Limited (MRL), they are to please email the below details to MRL.APQueries@mundipharma.com a. Full supplier name, address. b. The name of your MRL point of contact. c. Invoice number for the payment you are querying. d. Full details of your complaint. e. Upon receipt of all the above details, MRL commits to acknowledge receipt of the supplier email within five working days and may request further information to be able to respond in full. MRL will investigate the supplier query using the details provided and speak with relevant members of MRL’s business, including members of MRL’s legal department if necessary, and respond in full within 14 days of the date of MRL’s acknowledgement to the supplier.
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
MUNDIPHARMA RESEARCH LIMITED operates as a private limited company primarily engaged in research activities. This company structure indicates it is incorporated with limited liability for its shareholders.
Established on 4 December 2002, the company is an active entity registered in England under company number 04608592. Its registered office is located at Unit 191 Cambridge Science Park, Milton Road, Cambridge, England, CB4 0GW, within the East of England region.
In the UK market, a company structured as 'Research Limited' typically specialises in conducting systematic investigations to generate new knowledge or develop innovative solutions. Such organisations commonly provide services that involve experimental development, data analysis, and the preparation of detailed reports across various sectors.