Score of 87.2/100 qualifies for PaymentCheck Certification
The average time for FERA SCIENCE LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in 2020-2021, followed by a decrease in 2022-2023.
The company's percentage of invoices paid within 30 days has remained relatively stable, while the percentage of invoices paid between 31-60 days has fluctuated between 11-29%. The percentage of invoices paid later than 60 days has also fluctuated, but has generally decreased over the past three periods.
| 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 | 02 Feb 2024 | 22 | 81% | 17% | 2% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 24 | 82% | 16% | 2% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 24 | 84% | 14% | 2% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 24 | 68% | 29% | 3% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 21 | 86% | 12% | 2% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 23 | 86% | 11% | 3% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 24 | 84% | 13% | 3% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 26 Jul 2020 | 22 | 85% | 12% | 3% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 26 | 84% | 14% | 2% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 30 | 79% | 16% | 5% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 26 | 84% | 12% | 4% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 27 | 78% | 19% | 3% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
7 Days individuals, 14 Days Micro Business, 30 Days SME, 60 Days Large Corporate
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
The accounts payable helpdesk number and email address is printed on all correspondence to suppliers, any disputes are expected to be resolved within 30 days of the dispute being raised.
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
Fera Science Limited is a scientific research and advisory company based at York Biotech Campus, North Yorkshire. According to its filed accounts, the company's principal activity is to supply scientific solutions, evidence and advice across the agri-food supply chain, covering areas such as food safety, crop health and environmental science. It undertakes research and experimental development in natural sciences and engineering, and has held public sector contracts relating to plant and animal health, agricultural modelling and nature recovery projects. The company has been controlled by Fera Science Group Limited since January 2024, having previously been controlled by Capita Business Services Ltd. It employed 435 staff according to its 2022 accounts.
Generated from the company's website and Companies House records. Sources: companiesintheuk.co.uk · find-and-update.company-information.service.gov.uk