ALMAC SCIENCES LIMITED

PaymentCheck Score 2025
65Fair
5.3vs last year
#2765 in UK
#34 in Northern Ireland

Company Information

Company Number
NI041550
Registered Address
Almac House, 20 Seagoe Industrial Estate, Craigavon, BT63 5QD
Status
Active
Employee Count
605
Turnover
£62,898,000
EBITDA
£5,231,000

Additional Details

Company Type
Private limited Company
Incorporated On
20 September 2001
Nature of Business
71200 - Technical testing and analysis
Industries
Coming Soon
Region
Northern Ireland

Time to Pay

Average Time to Pay
54 days
Shortest Period:1 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
18%
31-60 Days
60%
After 60 Days
22%
Not Paid Within Terms39%

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: 2024-04-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202528 Oct 20253346%52%2%27%
01 Oct 2024 - 30 Mar 202528 Oct 20253640%56%4%35%
01 Apr 2024 - 30 Sept 202428 Oct 20253534%62%4%22%
01 Oct 2023 - 31 Mar 202423 Apr 20243831%63%6%38%
01 Mar 2023 - 30 Sept 202323 Apr 20245418%60%22%39%
01 Apr 2022 - 30 Sept 202222 Mar 20245610%78%12%0%
01 Oct 2021 - 31 Mar 202217 May 20225610%78%12%0%
01 Apr 2021 - 30 Sept 202127 Oct 2021568%75%17%0%
01 Oct 2020 - 31 Mar 202128 Apr 2021687%58%35%1%
01 Apr 2019 - 30 Sept 201929 Oct 2019567%79%14%1%
01 Apr 2018 - 30 Sept 201831 Oct 2018547%82%11%1%
01 Oct 2017 - 31 Mar 201831 Oct 2018508%79%13%5%

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

45 days from invoice date, unless otherwise agreed.

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

45

Dispute Resolution Process

Payment disputes are handled by the Accounts Payable team, which liaises with the suppliers and the company’s buyers as necessary to resolve invoice and payment queries in a timely manner. Where correction of an invoice is necessary, payment is processed as soon as reasonably practicable following receipt of corrected invoice. The Accounts Payable team may be contacted via a dedicated Accounts Payable mailbox or by telephone.

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

ALMAC SCIENCES LIMITED is a leading global provider of innovative services and solutions for the pharmaceutical and biotechnology industries. The company was founded in 2001 and is headquartered in Craigavon, Northern Ireland.

The main activities of ALMAC SCIENCES LIMITED include drug discovery, development and commercialization, as well as clinical trial supply management and data management. The company also offers a range of specialized services such as biomarker discovery, companion diagnostics, and personalized medicine solutions.

In terms of sustainability, ALMAC SCIENCES LIMITED has a dedicated program focused on reducing its environmental impact and promoting responsible business practices. This includes initiatives such as reducing energy consumption, waste management, and promoting sustainable procurement.

ALMAC SCIENCES LIMITED is also committed to developing innovative products and services to improve patient outcomes and support the pharmaceutical industry in addressing global health challenges. Their key products include clinical trial supply management software, companion diagnostic assays, and personalized medicine solutions.

The company is led by a team of experienced executives, including CEO Sir Allen McClay, who has over 50 years of experience in the pharmaceutical industry. The company has over 5,000 employees worldwide and has a strong presence in Europe, North America, and Asia.

For more information on ALMAC SCIENCES LIMITED and their services, you can visit their website at www.almacgroup.com. Their registered office address is 20 Seagoe Industrial Estate, Craigavon, Co. Armagh, BT63 5QD, United Kingdom.

Financial Metrics

Cash
£1,654
Net Worth
£22,094,882
Total Current Assets
£27,986,974
Total Current Liabilities
£79,550,392

Company Location