Their own payment-practices filing · gov.uk

Sandoz Limited paid suppliers in 47 days on average — inside its 60-day stated terms

CRN 01547204 · Manufacturing · 12 statutory reports on record · period to 31 Dec 2023

Dated record. The latest report covers a period ending 31 Dec 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

47daysavg time to pay · H2 2023

Their H2 2023 filing put the average 13 days inside their stated 60-day term.

Their stated terms: 60 days
Paid outside agreed terms: 37% of invoices
Paid after 61+ days: 30%
Reporting period: 1 Jul 2023 – 31 Dec 2023
Source: their gov.uk filing, filed 31 Jan 2024

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

Terms vs reality · their H2 2023 filing

Paid 13 days inside the 60-day term they state

PAIDLATE · terms vs the clockdays to pay · 0–65

avg 47d

0 days65 days

reported avg 47 days their filed terms 60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 34% 31–60 days 36% 61+ days 30%

Source: their statutory Payment Practices Report #81295, period 1 Jul 2023 – 31 Dec 2023, filed 31 Jan 2024 · gov.uk payment-practices service

Sandoz Limited paid 13 days inside its stated 60-day term. 37% of invoices still went outside agreed terms; 30% reached 61 days or more. Self-reported in their statutory H2 2023 filing.

The pattern · last 6 of 12 reports

39 → 47 days — slower across the window

PAIDLATE · the patternavg days per report

Last 6 of 12 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

8 days slower across the window. From 39 days in H1 2021 to 47 in the H2 2023 filing; the dashed line marks the 60-day term they state.

The read · computed from their figures

Sandoz Limited's H2 2023 filing put their average at 47 days against stated terms of 60 days; 37% of invoices were paid outside agreed terms and 30% took 61 days or longer. Filed 31 Jan 2024.

The direction is slower: from 39 days in H1 2021 to 47 now — 8 days slower across their last 6 reports.

That is 12 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 Sandoz. 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 Sandoz 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.

Period	Avg days	Outside terms	61+ days	Filed
H2 2023	47	37%	30%	31 Jan 2024
H1 2023	45	26%	27%	19 Jul 2023
H2 2022	50	28%	31%	30 Jan 2023
H1 2022	56	31%	43%	20 Jul 2022
H2 2021	50	23%	40%	25 Jan 2022
H1 2021	39	28%	21%	15 Jul 2021
H2 2020	48	24%	33%	27 Jan 2021
H1 2020	51	36%	38%	29 Jul 2020
H2 2019	47	39%	32%	31 Jan 2020
H1 2019	52	46%	36%	30 Jul 2019
H2 2018	72	42%	33%	28 Jan 2019
H1 2018	72	53%	48%	27 Jul 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 24 Feb 1981
Registered office: MAXIS 1, BRACKNELL, RG12 1RF

0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Quick answers · Sandoz Limited

Are they getting slower or faster?

Their reported average has moved about 8 days slower over the window (39 → 47 days).

What's their typical pay point?

Their latest filed report put the average at day 47; across their last 6 reports it ranged 39–56 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.

Stay ahead

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They haven’t filed a payment report since 31 Jan 2024. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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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-01547204 · latest period to 31 Dec 2023

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