OXFORD NANOPORE TECHNOLOGIES PLC
Company Information
- Company Number
- 05386273
- Registered Address
- Gosling Building Edmund Halley Road, Oxford Science Park, Oxford, Oxfordshire, United Kingdom, OX4 4DQ
- Status
- Active
- Employee Count
- 922.0
- Turnover
- 198603000.0
- EBITDA
- -66608000.0
Additional Details
- Website
- https://nanoporetech.com/
- Company Type
- Public limited Company
- Incorporated On
- 9 March 2005
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Information Technology,Telecommunications And Data,Life Sciences And Medical Technology
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Dec 2023 | 31 Jan 2024 | 39 | 51% | 38% | 12% | 53% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 41 | 51% | 35% | 14% | 53% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Aug 2023 | 38 | 50% | 40% | 10% | 52% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2023 | 36 | 60% | 34% | 7% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Aug 2023 | 41 | 41% | 43% | 15% | 62% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2023 | 39 | 35% | 53% | 12% | 79% |
| 01 Jul 2020 - 31 Dec 2020 | 02 Aug 2023 | 41 | 35% | 57% | 8% | 70% |
| 01 Jan 2020 - 30 Jun 2020 | 02 Aug 2023 | 39 | 35% | 53% | 12% | 79% |
| 01 Jul 2019 - 31 Dec 2019 | 02 Aug 2023 | 42 | 60% | 30% | 10% | 61% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Aug 2023 | 31 | 74% | 19% | 7% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 02 Aug 2023 | 29 | 77% | 17% | 5% | 42% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2023 | 31 | 81% | 12% | 7% | 42% |
| 01 Jul 2017 - 31 Dec 2017 | 02 Aug 2023 | 29 | 82% | 13% | 5% | 35% |
Company Summary
OXFORD NANOPORE TECHNOLOGIES PLC is a UK-based company that specializes in the development and commercialization of nanopore-based DNA sequencing technology
The company was founded in 2005 by Dr
Hagan Bayley and has since become a leader in the field of DNA sequencing
The company's sustainability program focuses on minimizing its environmental impact and promoting responsible business practices
This includes reducing waste, conserving resources, and promoting ethical sourcing and production methods
OXFORD NANOPORE TECHNOLOGIES PLC offers a range of products and services, including its flagship product, the MinION portable DNA sequencer
This device allows for real-time DNA sequencing and has applications in research, healthcare, and environmental monitoring
The key people at OXFORD NANOPORE TECHNOLOGIES PLC include Dr
Gordon Sanghera, CEO; Dr
Spike Willcocks, CFO; and Dr
Susan Jane Hopkins, CTO
The company's board of directors is made up of experienced professionals from the biotechnology and healthcare industries
For more information on OXFORD NANOPORE TECHNOLOGIES PLC and its products and services, visit their website at www.nanoporetech.com
The registered office address for the company is at Gosling Building, Edmund Halley Road, Oxford Science Park, Oxford, OX4 4DQ, United Kingdom
Company Review
Trend Analysis
The trend for OXFORD NANOPORE TECHNOLOGIES PLC's average time to pay invoices has been fluctuating between 29 to 42 days over the past six periods. However, there has been a slight decrease in the average time to pay from 41 days in 2023-01-01 to 39 days in 2023-07-01.
Volatility Analysis
The volatility of OXFORD NANOPORE TECHNOLOGIES PLC's average time to pay invoices has been relatively stable with only a 3-day difference between the highest and lowest values. The highest volatility was seen in 2019-07-01 and the lowest in 2018-07-01.
Summary Analysis
Looking at the data over the past three periods, there has been a slight decrease in the average time to pay invoices from 41 days in 2023-01-01 to 39 days in 2023-07-01. The percentage of invoices paid within 30 days has also increased from 51% in 2023-01-01 to 51% in 2023-07-01. However, there has been an increase in the percentage of invoices paid later than 60 days from 14% in 2023-01-01 to 12% in 2023-07-01.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms will vary based on the suppliers requirements and our commercial relationship. We are working towards ensuring that all smaller organisations have improved payment terms to ensure that they are paid promptly for the valuable services they provide to Oxford Nanopore
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
All invoices should be submitted to the accounts team (accounts@nanoporetech.com) and must include a valid purchase order number, a description of the goods and/or services delivered and the relevant quantities and values involved. Any payment disputes that are unable to be resolved by a suppliers main contact at Oxford Nanopore Technologies or the accounts payable team, should be directed to the procurement team (procurement@nanoporetech.com). The procurement team will liaise with legal, finance and responsible departments within Oxford Nanopore Technologies and include the supplier within these discussions as appropriate. The procurement team will look to respond to all queries within 1 week of receiving a dispute. Final resolution will depend on the complexity of the issue raised.
Other Payment Information
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
