Their own payment-practices filing · gov.uk

Genzyme Therapeutics Limited paid suppliers in 98 days on average — 38 days past its stated terms

CRN 04316333 · Professional & technical services · 6 statutory reports on record · period to 30 Dec 2020

Dated record. The latest report covers a period ending 30 Dec 2020 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

98daysavg time to pay · H2 2020

Their H2 2020 filing put the average 38 days past the 60-day term they state.

Their stated terms: 60 days
Paid outside agreed terms: 82% of invoices
Paid after 61+ days: 82%
Reporting period: 30 Jun 2020 – 30 Dec 2020
Source: their gov.uk filing, filed 18 Jan 2021

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

Terms vs reality · their H2 2020 filing

Paid 38 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–110

avg 98d

0 days110 days

reported avg 98 days their filed terms 0–60 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 12% 31–60 days 6% 61+ days 82%

Source: their statutory Payment Practices Report #39112, period 30 Jun 2020 – 30 Dec 2020, filed 18 Jan 2021 · gov.uk payment-practices service

Genzyme Therapeutics Limited paid 38 days past its own stated terms. 82% of invoices still went outside agreed terms; 82% reached 61 days or more. Self-reported in their statutory H2 2020 filing.

The pattern · last 6 of 6 reports

51 → 98 days — slower across the window

PAIDLATE · the patternavg days per report

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

47 days slower across the window. From 51 days in H1 2018 to 98 in the H2 2020 filing; the dashed line marks the 60-day term they state.

The read · computed from their figures

Genzyme Therapeutics Limited's H2 2020 filing put their average at 98 days against stated terms of 60 days; 82% of invoices were paid outside agreed terms and 82% took 61 days or longer. Filed 18 Jan 2021.

The direction is slower: from 51 days in H1 2018 to 98 now — 47 days slower across their last 6 reports.

That is 6 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 Offers supply-chain finance

In their own words · from the filing

Standard payment terms

Standard payment terms are 60 days from the date of receipt of a valid and correct invoice

Dispute resolution

In the first instance disputes will be received by our Invoice processing contact centre at the defined email address or telephone number printed on every Purchase Order. Queries will then be forwarded to the requester of the service/goods for information and evaluation. Failure to meet resolution will be escalated to the Head of Purchase to Pay and include the specific Category Buyer for the service/goods that is responsible for the vendor relationship.

Other information

Intercompany invoices and performance have been included in reported statistics. These in general are wholly owned by group companies and do distort performance (detrimentally) as more emphasis and monitoring is put on payment to third parties. The third parties payments have decreased to a low volume, due to the legal entity being merged and closed. This is reflected in the significant reported payment performance change. Payment late overall 82%- Third party is 23% but Interco is 98%.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2020	98	82%	82%	18 Jan 2021
H1 2020	39	38%	15%	15 Jul 2020
H2 2019	37	12%	12%	16 Jan 2020
H1 2019	44	12%	8%	25 Jul 2019
H2 2018	47	11%	6%	24 Jan 2019
H1 2018	51	28%	17%	18 Jul 2018

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 5 Nov 2001
Registered office: 410 THAMES VALLEY PARK DRIVE, READING, RG6 1PT

0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 98-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 98-day vs a 60-day payment cycle.

≈ £38,500

of invoicing outstanding at any one time on a 98-day cycle — about £15,000 more than the same account would carry at 60-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · Genzyme Therapeutics Limited

Are they getting slower or faster?

Their reported average has moved about 47 days slower over the window (51 → 98 days).

What's their typical pay point?

Their latest filed report put the average at day 98; across their last 6 reports it ranged 37–98 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

Watch Genzyme Therapeutics Limited (free)

They haven’t filed a payment report since 18 Jan 2021. 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-04316333 · latest period to 30 Dec 2020

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