ABBVIE LTD

PaymentCheck Score 2025
42Poor
0.9vs last year
#4009 in UK
#87 in Healthcare And Wellbeing
#673 in South East

Company Information

Company Number
08004972
Registered Address
Abbvie House Vanwall Business Park, Vanwall Road, Maidenhead, Berkshire, England, SL6 4UB
Status
Active
Employee Count
1,000
Turnover
£254,292,000
EBITDA
-£17,618,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 March 2012
Nature of Business
46460 - Wholesale of pharmaceutical goods
Industries
Healthcare And Wellbeing
Region
South East

Time to Pay

Average Time to Pay
61 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
18%
31-60 Days
62%
After 60 Days
20%
Not Paid Within Terms32%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20255716%65%19%31%
01 Jul 2024 - 31 Dec 202431 Jan 20256119%62%19%33%
01 Jan 2024 - 30 Jun 202430 Jul 20246118%62%20%32%
01 Jul 2023 - 31 Dec 202331 Jan 20247015%59%26%39%
01 Jan 2022 - 30 Jun 202211 Jul 20245914%59%27%42%
01 Jan 2021 - 30 Jun 202126 Jul 20215916%67%17%33%
01 Jan 2020 - 30 Jun 202030 Jul 20205917%63%20%38%
01 Jul 2019 - 31 Dec 201929 Jan 20204624%66%10%34%
01 Jan 2019 - 30 Jun 201929 Jul 20194921%66%13%35%
01 Jul 2018 - 31 Dec 201827 Jan 20194721%68%11%38%
01 Jan 2018 - 30 Jun 201830 Jul 20185219%67%14%40%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment terms are 60 days from date of invoice however, these may vary depending on the type of vendor.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No Changes

Maximum contractual payment period agreed

90

Dispute Resolution Process

AbbVie has a Central Accounts Payable team known as the Invoice Resolution team (IRT) to deal with queries such as payment enquiries, invoice issues or unpaid items.

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.

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.

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?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

AbbVie Ltd is a global pharmaceutical company that focuses on discovering, developing and commercializing innovative medicines and healthcare solutions. The company was established in 2013 and is headquartered in Berkshire, UK.

The company's sustainability program is centered around three key pillars: access to healthcare, environmental stewardship, and ethical business practices. They strive to increase access to their medicines for underserved populations, reduce their environmental impact and maintain the highest ethical standards in their operations.

AbbVie Ltd offers a wide range of products and services in various therapeutic areas including immunology, oncology, neuroscience, and virology. Their portfolio includes well-known brands such as Humira, Imbruvica, and Skyrizi, among others.

The key people at AbbVie Ltd include Mr. Richard A. Gonzalez, the Chairman and CEO, and Ms. Laura J. Schumacher, the Vice Chairman of the Board and President of Global Legal, Regulatory and External Affairs. They lead a team of dedicated employees who are committed to making a positive impact in the healthcare industry.

To learn more about AbbVie Ltd and their products and services, you can visit their website at www.abbvie.co.uk. Their registered office address is at AbbVie House, Vanwall Business Park, Vanwall Road, Maidenhead, Berkshire, SL6 4UB, UK.

Financial Metrics

Cash
£2,131,000
Net Worth
£688,972,000
Total Current Assets
£189,502,000
Total Current Liabilities
£171,431,000

Company Location