VIATRIS UK HEALTHCARE LIMITED
Company Information
- Company Number
- 09189103
- Registered Address
- 20 Station Close, Potters Bar, England, EN6 1TL
- Status
- Active
- Employee Count
- 186.0
- Turnover
- 259363000.0
- EBITDA
- 12946000.0
Additional Details
- Website
- https://cb12.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 28 August 2014
- Nature of Business
- 46460 - Wholesale of pharmaceutical goods
- Industries
- 0
- Region
- East of England
Company Location
Loading map...
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 | 67 | 40% | 44% | 16% | 67% |
| 01 Jan 2023 - 30 Jun 2023 | 08 Aug 2023 | 50 | 40% | 37% | 22% | 65% |
| 01 Jul 2022 - 31 Dec 2022 | 09 Feb 2023 | 43 | 51% | 30% | 18% | 61% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 42 | 47% | 31% | 21% | 59% |
| 01 Jul 2021 - 31 Dec 2021 | 20 May 2022 | 38 | 45% | 42% | 12% | 55% |
| 01 Jan 2021 - 30 Jun 2021 | 20 May 2022 | 38 | 45% | 42% | 13% | 62% |
| 01 Jul 2020 - 31 Dec 2020 | 20 May 2022 | 35 | 63% | 32% | 4% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 20 May 2022 | 39 | 49% | 37% | 12% | 52% |
| 01 Jul 2019 - 31 Dec 2019 | 20 May 2022 | 34 | 57% | 31% | 10% | 60% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Oct 2019 | 29 | 75% | 19% | 5% | 65% |
| 01 Jul 2018 - 31 Dec 2018 | 13 Mar 2019 | 28 | 71% | 23% | 7% | 63% |
Company Summary
VIATRIS UK HEALTHCARE LIMITED is a pharmaceutical company based in the United Kingdom that focuses on providing high-quality and sustainable healthcare products and services
They have a strong commitment to sustainability and have implemented various initiatives to reduce their environmental impact and promote ethical practices
Their sustainability program includes reducing carbon emissions, minimizing waste, and sourcing ethical and sustainable raw materials
They also support various community and charitable initiatives, including providing access to healthcare for underserved populations
The company offers a wide range of products and services, including prescription medicines, over-the-counter medicines, and medical devices
They have a diverse portfolio that covers various therapeutic areas such as cardiovascular, respiratory, and pain management
Key people in VIATRIS UK HEALTHCARE LIMITED include the managing director, who oversees the day-to-day operations, and the head of sustainability, who leads the company's sustainability efforts
They also have a team of dedicated professionals who are committed to delivering high-quality healthcare products and services to their customers
For more information about VIATRIS UK HEALTHCARE LIMITED and their products and services, you can visit their website at www.viatris.com/uk
Their registered office address is Suite 100, 10th Floor, 12 East Passage, London, EC3M 1LH, United Kingdom
Company Review
Trend Analysis
The average time to pay for VIATRIS UK HEALTHCARE LIMITED has been increasing over the past three periods, with an average increase of 4.6% between each period.
Volatility Analysis
The volatility of VIATRIS UK HEALTHCARE LIMITED's payment patterns has been relatively stable over the past three periods, with no major fluctuations in the percentage of invoices paid within 30 days or later than 60 days.
Summary Analysis
Looking at the data for VIATRIS UK HEALTHCARE LIMITED over the past three periods, there has been a steady increase in the average time it takes the company to pay invoices. In the most recent period, the average time to pay has reached 50 days, which is a 79% increase from the initial period. However, the percentage of invoices paid within 30 days has also increased by 5% over the same period, indicating that the company is making efforts to pay some invoices earlier.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Viatris UK Healthcare is the commercial trading entity of the Viatris group in the UK and our standard payment terms state that payment of third party invoices for goods and services will be made within 60 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed inwriting by a duly authorised representative
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
60
Dispute Resolution Process
In line with Viatris' core values, we endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are generally managed by the dedicated accounts payable team who can be reached via email and telephone. Where the accounts payable team are not able to resolve the dispute, they will reach out to the buyer as identified from the invoice or purchasing system, in order to aid resolution.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
