// payment practices, as filed · company 02487574
Bristol-Myers Squibb Pharmaceuticals Ltd: how it pays its suppliers, from its own filing
Bristol-Myers Squibb Pharmaceuticals Ltd reports paying its suppliers in an average of 50 days, with 21% of invoices paid later than the agreed terms, for the period 1 January 2026 to 30 June 2026. Across the 1,496 companies that report on construction contracts, the median is 31 days and 14% late. Every figure below is the company’s own, approved by a director and published on the government register; this page reproduces it and says what it means for a subcontractor.
50 days
Average days to pay
longer than 86% of the 1,496 filers; median 31 days
21%
Paid later than agreed
a higher share than 64% of filers; median 14%
36%
Paid within 30 days
37% took longer than 60 days
The terms it declares
- Standard payment terms
- 0 to 90 days
- Maximum contractual period
- 90 days
- Paid in 31 to 60 days
- 27%
- Paid after 60 days
- 37%
- Not paid because of a dispute
- 84%
- Filed on
- 17 August 2026
Their standard terms, in their words
The preferred BMS terms for 3rd party vendors are default to 90 days. Payment terms are outlined in contracts with suppliers. Where a contract is not negotiated, the payment terms will be clearly stated on the Purchase Orders (POs) sent to suppliers. Any changes to the payment terms would require a contract amendment. For Health Care Professionals the standard payment terms are immediate, therefore meeting these terms are difficult to achieve when we consider time to send the invoice, process, approve and release for payment, currently 73% of the above reported late payments are due to Imme…
Their explanation
NA
Every filing since Jun 2018
Bristol-Myers Squibb Pharmaceuticals Ltd has filed 15 times. The share paid late is down 1 points on the previous filing, and the average days to pay up 5 days. The first filing, for the period to 30 June 2018, reported 39 days and 40% late.
| Period to | Days to pay | Paid late | Within 30 days | Over 60 days |
|---|---|---|---|---|
| 30 June 2026 | 50 | 21% | 36% | 37% |
| 31 December 2025 | 45 | 22% | 38% | 29% |
| 30 June 2025 | 50 | 22% | 35% | 31% |
| 31 December 2023 | 42 | 27% | 41% | 22% |
| 30 June 2023 | 42 | 27% | 41% | 21% |
| 31 December 2022 | 40 | 24% | 43% | 20% |
Retention
This filing declares no retention clauses in its construction contracts. If your subcontract with Bristol-Myers Squibb Pharmaceuticals Ltd does hold retention, the contract governs; the retention piece explains how to get it released.
What this means if you are pricing work for them
The share paid later than agreed is the number to read first, because a short term makes an invoice late sooner and a long one hides lateness inside the term. Bristol-Myers Squibb Pharmaceuticals Ltd is above the median on that measure, so build the delay into your cash flow before you sign. The average days to pay sits over the median.
A worked example on a 30-day term: an invoice of £10,000.00 paid on this company’s average, 20 days after the final date, carries £64.38 of statutory interest at 11.75% plus the fixed sum, £164.38 in all, which the law lets you add without a clause. Run your own figures.
Against the official benchmark: the Department for Business and Trade’s statistics for 2025, published 14 July 2026, put large construction businesses at 33 days to pay with 14% of invoices late by number (13% by value), and all large businesses at 32 days and 15% late. Bristol-Myers Squibb Pharmaceuticals Ltd is slower than the sector figure. Its late share is above the sector figure.
What the register does not show: it is self-reported, large companies only, and the filing covers the whole company, not your contract. Read it alongside the notice rules that decide what you are actually owed, and keep your own dates.
Questions subcontractors ask about Bristol-Myers Squibb Pharmaceuticals Ltd
- How long does Bristol-Myers Squibb Pharmaceuticals Ltd take to pay its suppliers?
- Bristol-Myers Squibb Pharmaceuticals Ltd reported an average of 50 days to pay an invoice for 1 January 2026 to 30 June 2026, with 36% of invoices paid within 30 days and 37% taking longer than 60 days. The official 2025 figure for large construction businesses is 33 days.
- Does Bristol-Myers Squibb Pharmaceuticals Ltd pay late?
- By its own filing, 21% of Bristol-Myers Squibb Pharmaceuticals Ltd's invoices were paid later than the agreed terms, against 14% across large construction businesses in 2025 and a median of 14% among the 1,496 companies on this register that declare construction contracts. That is down 1 points on its previous filing (22% for the period to 31 December 2025).
- Does Bristol-Myers Squibb Pharmaceuticals Ltd hold retention?
- Bristol-Myers Squibb Pharmaceuticals Ltd declares no retention clauses in its construction contracts in this filing. Your subcontract governs; if it holds retention, the contract terms decide when it is released.
- Can I charge Bristol-Myers Squibb Pharmaceuticals Ltd interest on a late invoice?
- Yes, under the Late Payment of Commercial Debts (Interest) Act 1998, from the day after the final date for payment, at 8% over the Bank of England base rate plus a fixed sum per invoice, without any clause in the contract. The calculator works it out for your figures.
Source: the company’s own report on the government’s payment practices service, report 116492, made under the Reporting on Payment Practices and Performance Regulations 2017 and reproduced under the Open Government Licence v3.0. Register copy taken 2 October 2026; comparisons are against the latest filing of each of the 1,496 companies declaring construction contracts. Figures are as filed, not judged. Not legal advice.
// read next
- Pay less notice: what it must say and when it must arriveWhat a pay less notice must contain under s.111 of the Construction Act, the deadline (contract or 7 days before the final date), and what happens if it's late.
- Late payment interest rate UK: how the 8% over base rule works, and why the date mattersUK late payment interest is 11.75% for business invoices due from 1 July 2026. How it is set, the £40/£70/£100 fixed sums, and a worked example on £18,400.
- Which main contractors pay late? What the payment practices register saysTen UK main contractors' filed payment figures: average days to pay, share paid late, report links. Median of 1,496 construction filers: 31 days, 14% late.
- Every company that files on construction contractsThe full A to Z, 1,496 filers, each with its own page.