ALMAC PHARMA SERVICES LIMITED
Company Information
- Company Number
- NI045055
- Registered Address
- Almac House, 20 Seagoe Industrial Estate, Craigavon, BT63 5QD
- Status
- Active
- Employee Count
- 1,190
- Turnover
- £126,319,000
- EBITDA
- £20,355,000
Additional Details
- Website
- https://icesigns.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 7 January 2003
- Nature of Business
- 21200 - Manufacture of pharmaceutical preparations
- Industries
- Life Sciences And Medical Technology
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 14 | 92% | 7% | 1% | 42% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 20 | 84% | 12% | 4% | 38% |
| 01 Oct 2022 - 31 Mar 2023 | 10 May 2023 | 41 | 53% | 35% | 12% | 37% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 25 | 80% | 19% | 1% | 6% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 31 | 55% | 42% | 3% | 17% |
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
The most frequently used terms were 30 days from the end of the month in which the invoice is dated.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoices are paid only if correctly presented with all necessary information and only when approved by the relevant buyer. As a result, payment terms may be impacted where time is required to resolve queries.
Maximum contractual payment period agreed
60
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.
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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
Company Summary
ALMAC PHARMA SERVICES LIMITED is a leading pharmaceutical company based in Craigavon, Northern Ireland. The company offers a wide range of services including drug discovery, development, and manufacturing for the global pharmaceutical and biotech industries.
Their sustainability program focuses on reducing their environmental impact by implementing energy-efficient practices and promoting sustainable sourcing of raw materials. They also have a strong focus on employee wellbeing and community engagement, with initiatives such as volunteering programs and charity partnerships.
The company's product portfolio includes a variety of pharmaceutical and biotech products, including drug delivery systems, active pharmaceutical ingredients, and clinical trial services. They also offer specialized services such as biomarker discovery and companion diagnostics.
ALMAC PHARMA SERVICES LIMITED is led by a team of experienced professionals, including CEO Dr. Alan Armstrong and COO Colin Stanley. The company has a global presence, with offices and facilities in the UK, USA, and Asia.
Their website, www.almacgroup.com, provides comprehensive information about their services, products, and sustainability efforts. The registered office address is 20 Seagoe Industrial Estate, Craigavon, BT63 5QD, Northern Ireland.
In summary, ALMAC PHARMA SERVICES LIMITED is a leading pharmaceutical company with a strong focus on sustainability and a diverse portfolio of products and services. Their team of experienced leaders and global presence make them a key player in the pharmaceutical industry.
