| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 32 | 63% | 30% | 7% | 54% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 31 | 61% | 32% | 7% | 55% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 30 | 65% | 31% | 4% | 53% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 32 | 53% | 43% | 4% | 78% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 40 | 47% | 43% | 10% | 75% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 41 | 46% | 39% | 15% | 82% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 41 | 42% | 43% | 15% | 83% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 33 | 46% | 48% | 6% | 67% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 28 | 54% | 44% | 2% | 61% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 50 | 53% | 43% | 4% | 58% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 29 | 55% | 43% | 2% | 52% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 23 | 63% | 37% | 1% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 29 | 54% | 45% | 1% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 26 | 56% | 43% | 1% | 57% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 43 | 55% | 40% | 4% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 29 | 53% | 46% | 1% | 62% |
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". The maximum contractual payment period (in days) - The maximum contractual payment terms for Intercompany Vendors is "180 days from the date of Invoice", for Vendors other than Intercompany vendors, the maximum contractual term is "30 days end of the following month". There have been no changes to the company standard terms during the reporting period.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Average pay days for external vendors is 32 Days.
Maximum contractual payment period agreed
180
a) 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. b) 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. c) 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.
❌
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.
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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
ADVANZ PHARMA SERVICES (UK) LIMITED is a pharmaceutical company based in the United Kingdom. The company provides a wide range of products and services to the healthcare industry, with a focus on sustainability and ethical business practices.
Their sustainability program includes initiatives such as reducing their carbon footprint, promoting responsible supply chain management, and implementing eco-friendly packaging for their products. They also prioritize ethical sourcing of ingredients and have a strong commitment to employee well-being.
The company offers a variety of products and services, including generic and branded pharmaceuticals, nutritional supplements, and medical devices. They work with healthcare professionals and organizations to provide quality and affordable healthcare solutions to patients.
Key people at ADVANZ PHARMA SERVICES (UK) LIMITED include the CEO, Jonathan Shohet, and the Managing Director, Mark Corbett. The company also has a team of experienced professionals in the pharmaceutical industry.
For more information on their products, services, and sustainability efforts, interested parties can visit their website at www.advanzpharma.com. The registered office address for the company is ADVANZ PHARMA SERVICES (UK) LIMITED, 5th Floor, 6 St. Andrew Street, London, EC4A 3AE, United Kingdom.
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