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Their own payment-practices filing · gov.uk

How long does Genzyme Therapeutics Limited take to pay its suppliers?

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

98days
their reported average time to pay suppliers, latest period
Well behindvs a 31-day median across 6,185 recent filers

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

Share
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.

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 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 0–60 days. Reported average: 98.

Stated terms0–60d
+98 days
Reported avg98d

At a glance

The key figures

0–60d
their stated terms
82%
invoices paid outside terms
+47d
slower over the window
±31d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 99% of the 530 large companies reporting in professional & technical services.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

51
47
44
37
39
98
H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020

Where their supplier invoices land · latest period

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

The read · computed from their figures

Genzyme Therapeutics Limited has filed 6 statutory payment periods (earliest H1 2018). Their latest report puts the average at 98 days against stated terms of 0–60 days.

The direction is slower: from 51 to 98 days over the window — about 47 days slower.

In the latest period 82% of invoices were paid outside their agreed terms, and 82% landed 61+ days out.

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.

PeriodAvg daysOutside terms61+ daysFiled
H2 20209882%82%18 Jan 2021
H1 20203938%15%15 Jul 2020
H2 20193712%12%16 Jan 2020
H1 20194412%8%25 Jul 2019
H2 20184711%6%24 Jan 2019
H1 20185128%17%18 Jul 2018

Working-capital effect

What a 98-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 98-day vs a 0-day payment cycle.

≈ £38,500
of invoicing outstanding at any one time on a 98-day cycle — about £38,600 more than the same account would carry at 0-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act 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

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 reports average around day 98, moving within about ±31 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)

Their next payment report is due ≈ 28 Jul 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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More large companies in professional & technical services

Genus Breeding Limited · GFK U.k. Limited · Genome Research Limited · GKN Automotive Limited · Genesis Oil & Gas Consultants Limited · Glaxosmithkline Research & Development Limited

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 6,185 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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