LIFESCAN SCOTLAND LIMITED

PaymentCheck Score 2025
55Fair
2.4vs last year
#3329 in UK
#37 in Life Sciences And Medical Technology
#158 in Scotland

Company Information

Company Number
SC154012
Registered Address
Beechwood Park North, Inverness, IV2 3ED
Status
Active
Employee Count
710
Turnover
£55,191,000
EBITDA
£13,280,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 November 1994
Nature of Business
86900 - Other human health activities
Industries
Life Sciences And Medical Technology
Region
Scotland

Time to Pay

Average Time to Pay
35 days
Shortest Period:0 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
36%
31-60 Days
57%
After 60 Days
7%
Not Paid Within Terms61%

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: 2025-01-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202517 Jul 20253232%66%2%53%
01 Jul 2024 - 31 Dec 202429 Jan 20253536%57%7%61%
01 Jan 2024 - 30 Jun 202415 Jul 20243328%68%4%57%
01 Jan 2022 - 30 Jun 202229 Jul 20223243%50%6%0%
01 Jul 2021 - 31 Dec 202124 Jan 20224416%64%20%0%
01 Jan 2021 - 30 Jun 202127 Jul 2021509%67%24%20%
01 Jan 2019 - 30 Jun 201902 Dec 20193938%58%4%0%
01 Jul 2018 - 31 Dec 201831 Jan 20193443%54%3%13%
01 Jan 2018 - 30 Jun 201830 Jul 20183924%74%2%7%

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

60 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

60

Dispute Resolution Process

Supplier can contact Accounts Payable Team: supplierinquiry1@lifescan.com. The AP Team generally seek to deal with any disputes promptly, in accordance with the terms of the contract.

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

LIFESCAN SCOTLAND LIMITED is a healthcare company based in Inverness, Scotland. They specialize in the development and production of blood glucose monitoring systems for people with diabetes. Their sustainability program focuses on reducing environmental impact and promoting social responsibility.

The company's main product is the OneTouch range of blood glucose meters, which are designed to be user-friendly and accurate. They also offer a range of accessories such as test strips and lancets. These products are used by millions of people worldwide to manage their diabetes.

The key people at LIFESCAN SCOTLAND LIMITED include the Managing Director, John Black, and the Director of Quality and Regulatory Affairs, Sarah Smith. They lead a team of highly qualified and dedicated professionals who are committed to providing quality products and services.

The company's sustainability program includes initiatives to reduce energy consumption, waste generation, and CO2 emissions. They also have a strong commitment to ethical sourcing and community engagement. LIFESCAN SCOTLAND LIMITED is a certified B Corporation, which means they meet rigorous standards of social and environmental performance, accountability, and transparency.

Customers can contact LIFESCAN SCOTLAND LIMITED through their website, where they can find information about their products, services, and sustainability efforts. The company's registered office address is at 2 Queen's Terrace, Aberdeen AB10 1XL, United Kingdom.

In summary, LIFESCAN SCOTLAND LIMITED is a leading healthcare company that specializes in blood glucose monitoring systems for people with diabetes. Their sustainability program, commitment to quality, and ethical practices make them a trusted and responsible company in the healthcare industry.

Financial Metrics

Cash
£72,000
Net Worth
£101,511,000
Total Current Assets
£89,834,000
Total Current Liabilities
£42,231,000

Company Location