Industry ranking
Score of 89.63/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 13 Apr 2026 | 29 | 85% | 4% | 11% | 15% |
| 01 Jan 2025 - 30 Jun 2025 | 13 Apr 2026 | 14 | 89% | 5% | 6% | 18% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 14 | 89% | 5% | 6% | 18% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 28 | 93% | 2% | 5% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 38 | 43% | 52% | 5% | 75% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 35 | 40% | 55% | 5% | 72% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 42 | 45% | 48% | 7% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 30 | 6% | 54% | 40% | 40% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 25 | 52% | 43% | 5% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 29 | 63% | 34% | 3% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 24 | 67% | 32% | 1% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 29 | 61% | 37% | 2% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 27 | 67% | 30% | 3% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 28 | 68% | 30% | 2% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 25 | 64% | 34% | 2% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 27 | 59% | 38% | 3% | 40% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently applied payment terms agreed with suppliers is 30-45 days.
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
90
As a company we place great importance on building and maintaining strong relationships with our suppliers. Should a supplier need to a raise a dispute with regards to an invoice or payment, this should be directed to our accounts payable team based in Paisley. The accounts payable team will then follow appropriate escalation procedures to the relevant approver/requisitioner.
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
Life Technologies Limited is a Scottish-registered company whose website trades under the Thermo Fisher Scientific brand. It forms part of the Thermo Fisher Scientific group, which supplies life science research products such as antibodies, cell culture media, chemicals, oligos and lab equipment, alongside services including contract development and manufacturing (CDMO), clinical research (CRO), instrument servicing, lab informatics and financial/leasing arrangements for laboratory equipment. Its Companies House classification covers other manufacturing not elsewhere classified. As a subsidiary within this global group, the entity operates within the group's broader biotechnology, pharmaceutical and applied science offering, serving biotech, biopharma, diagnostics and industrial science customers, rather than independently trading under its own separate brand identity.
Generated from the company's website and Companies House records. Sources: lifetechnologies.com · lifetechnologies.com · lifetechnologies.com