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Their own payment-practices filing · gov.uk

Novartis Grimsby Limited paid suppliers in 44 days on average — inside its 60-day stated terms

CRN 00170180 · Manufacturing · 14 statutory reports on record · period to 31 Dec 2024

Dated record. The latest report covers a period ending 31 Dec 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
44daysavg time to pay · H2 2024

Their H2 2024 filing put the average 16 days inside their stated 60-day term.

Their stated terms
60 days
Paid outside agreed terms
49% of invoices
Paid after 61+ days
38%
Reporting period
1 Jul 2024 – 31 Dec 2024
Source
their gov.uk filing, filed 27 Jan 2025

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H2 2024 filing

Paid 16 days inside the 60-day term they state

The pattern · last 6 of 14 reports

50 → 44 days — faster across the window

The read · computed from their figures

Novartis Grimsby Limited's H2 2024 filing put their average at 44 days against stated terms of 60 days; 49% of invoices were paid outside agreed terms and 38% took 61 days or longer. Filed 27 Jan 2025.

The direction is faster: from 50 days in H1 2022 to 44 now — 6 days faster across their last 6 reports.

That is 14 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

Standard payment terms are 60 days following the invoice receipt at Novartis. Depending on the commercial situation, variations to these standard terms might be negotiated on some occasions.

Dispute resolution

First point of contact for disputes or concerns is the Procure-to-Payment team within the Novartis Global Services Centre, for which all suppliers have contact details of. In addition to that, new suppliers receive an on-boarding pack, which includes information on issue raising and related points of contact. When an invoice dispute is received, it should be resolved at point of contact with the Procure-to-Payment team. If this is not possible, the query will be escalated to the Business contact and relevant senior Finance contact or P2P Business Partner. Timelines of escalation vary, depending on the nature of the query. When resolved, the invoice will be available for payment on the next standard payment run.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20244449%38%27 Jan 2025
H1 20245231%43%22 Jul 2024
H2 20235619%45%17 Jan 2024
H1 20234916%28%19 Jul 2023
H2 2022517%29%30 Jan 2023
H1 20225010%27%20 Jul 2022
H2 2021558%33%25 Jan 2022
H1 20215416%37%15 Jul 2021
H2 20205410%35%27 Jan 2021
H1 20205615%40%29 Jul 2020
H2 20194727%26%31 Jan 2020
H1 20195025%29%30 Jul 2019
H2 20184819%27%28 Jan 2019
H1 20186133%37%27 Jul 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
11 Sept 1920
Registered office
2ND FLOOR, THE WESTWORKS BUILDING WHITE CITY PLACE, LONDON, W12 7FQ
0 outstanding charges on the register Accounts due 30 Sept 2026 — overdue

Open the full record at Companies House.

Quick answers · Novartis Grimsby Limited

Are they getting slower or faster?
Their reported average has moved about 6 days faster over the window (50 → 44 days).
What's their typical pay point?
Their latest filed report put the average at day 44; across their last 6 reports it ranged 44–56 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00170180 · latest period to 31 Dec 2024

Verify the original Companies House file

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