| 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 Dec 2024 - 31 May 2025 | 12 Jun 2025 | 65 | 16% | 5% | 79% | 4% |
| 01 Dec 2023 - 31 May 2024 | 25 Jun 2024 | 67 | 7% | 10% | 83% | 1% |
| 01 Jun 2023 - 30 Nov 2023 | 12 Dec 2023 | 65 | 6% | 8% | 86% | 1% |
| 01 Dec 2022 - 31 May 2023 | 26 Jun 2023 | 66 | 7% | 6% | 87% | 2% |
| 01 Dec 2021 - 31 May 2022 | 30 Jun 2022 | 62 | 7% | 6% | 86% | 1% |
| 01 Jun 2021 - 30 Nov 2021 | 15 Dec 2021 | 63 | 8% | 19% | 73% | 1% |
| 01 Dec 2020 - 31 May 2021 | 30 Jun 2021 | 69 | 5% | 4% | 91% | 1% |
| 01 Jun 2020 - 30 Nov 2020 | 11 Jan 2021 | 68 | 6% | 5% | 89% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
• Qualifying contracts with entities: 60 days or the next payment run thereafter • No payment terms in majority of qualifying contracts with individuals • Purchase Order terms and conditions: the later of 60 calendar days and the next processing run immediately thereafter
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
120
Pfizer offers suppliers the opportunity to check the current status of their invoices through an accounts payable portal. Suppliers can view when their invoice is due for payment on this portal. The tool is offered free of charge. In case a supplier needs to contact Pfizer accounts payable department, an email address is available on every purchase order the supplier receives. Pfizer accounts payable department aims to resolve issues as promptly as possible, on average between 3 to 5 working days.
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
Pfizer R&D UK Limited is a research and development company located in the United Kingdom. They are a subsidiary of the multinational pharmaceutical company, Pfizer Inc. The company is dedicated to discovering and developing innovative medicines and vaccines that improve the lives of people around the world.
Pfizer R&D UK Limited has a strong sustainability program in place, with a focus on reducing their environmental impact and promoting sustainable practices. They have set ambitious goals to reduce their carbon emissions, water usage, and waste generation. They also prioritize ethical and responsible business practices, ensuring that their products are developed in an environmentally and socially responsible manner.
The company's main products and services include a wide range of pharmaceuticals, including prescription medicines, over-the-counter medicines, and vaccines. They also offer research and development services to other companies in the healthcare industry. Pfizer R&D UK Limited is committed to constantly researching and developing new and improved treatments for various diseases and conditions, including cancer, cardiovascular disease, and rare diseases.
The key people at Pfizer R&D UK Limited include the managing director, Dr. Marc-Alexander Mahl, who oversees all aspects of the company's operations, and the head of research and development, Dr. Melanie Lee, who leads the company's efforts in discovering new treatments.
The company's website is https://www.pfizer.co.uk/, where customers can find information about their products and services, as well as their sustainability efforts. The registered office address for Pfizer R&D UK Limited is Ramsgate Road, Sandwich, Kent, CT13 9NJ, United Kingdom.
In summary, Pfizer R&D UK Limited is a research and development company in the pharmaceutical industry, with a strong focus on sustainability and ethical business practices. They offer a wide range of innovative medicines and vaccines and are committed to constantly researching and developing new treatments. Their key people, including the managing director and head of research and development, lead the company towards its goals. Their website and registered office address provide easy access for customers and stakeholders.