Industry ranking
The data shows a general trend of improvement in the average time taken for SYNEXUS CLINICAL RESEARCH LIMITED to pay invoices to suppliers. From 2018 to 2023, there is a consistent decrease in the average time to pay, with the lowest being 28 days in 2020. This suggests that the company is becoming more efficient in paying its invoices.
There is some volatility in the percentage of invoices paid within 30 days, with a high of 80% in 2021 and a low of 26% in 2018. However, overall there is a steady increase in the percentage of invoices paid within 30 days, which indicates an improvement in the company's payment processes.
Looking at the last three periods (2021-2023), there is a slight increase in the average time taken to pay invoices, from 29 days in 2021 to 52 days in 2023. However, the percentage of invoices paid within 30 days remains relatively stable at around 70%, with a slight decrease in 2023. There is also an increase in the percentage of invoices paid later than 60 days, from 9% in 2021 to 18% in 2023. This could indicate a potential issue with payment delays in the future.
| 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 | 05 May 2026 | 37 | 54% | 34% | 12% | 78% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 34 | 61% | 34% | 5% | 75% |
| 01 Jul 2024 - 31 Dec 2024 | 18 Mar 2025 | 32 | 53% | 38% | 9% | 72% |
| 01 Jan 2021 - 30 Jun 2024 | 09 Sept 2024 | 39 | 50% | 39% | 11% | 74% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 52 | 46% | 36% | 18% | 79% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 36 | 41% | 49% | 10% | 87% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 47 | 31% | 45% | 24% | 84% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 36 | 39% | 47% | 14% | 75% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 30 | 68% | 23% | 9% | 42% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 29 | 70% | 26% | 4% | 46% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 28 | 80% | 17% | 3% | 25% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 31 | 72% | 23% | 5% | 41% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 31 | 71% | 24% | 5% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Aug 2019 | 42 | 31% | 55% | 14% | 84% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 39 | 26% | 63% | 11% | 58% |
| 01 Jan 2018 - 30 Jun 2018 | 10 Aug 2018 | 49 | 47% | 31% | 22% | 56% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Synexus uses 60 days payment terms
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
PPD has a dedicated Accounts Payable helpdesk that offers support to our suppliers to achieve resolution in the event of disputes or queries on invoice payment. The helpdesk team can be contacted by email on CentralAPTeam@ppd.com
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
Synexus Clinical Research Limited is a private limited company registered in England, incorporated in 2005 and originally named Synexus Clinical Research PLC until 2008. Its registered office is at Granta Park, Great Abington, Cambridge, an address also used by PPD Global Limited, suggesting the company operates as part of that wider pharmaceutical and clinical research group. Companies House records its nature of business under other professional, scientific and technical activities, consistent with clinical research services. No further public description of day-to-day operations is available from the evidence provided, beyond its classification and corporate history as filed with Companies House.
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