ENTERTAINMENT MAGPIE LIMITED
Company number: 06277562
Reporting period:
1 June 2024 to 30 November 2024
Report filed on:
25 November 2025
Approved by:
Ian Storey
Payment statistics
Average time taken to pay invoices: 4 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 17%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 days
Standard payment terms
Most of our payments are direct to consumers trading with us via our website and we pay on the day the order completes so payment is made within 24 hours of us receiving their order. The other side of payments for us comes from our purchase ledger invoices for costs involved in running our business, these come with pre arranged payment terms the majority are 30 days however some offer 60 or 90 day terms with the average of these payments coming out at 40 days payment terms. For all payments we aim to meet these prearranged payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If we have a dispute with an purchase this is addressed when we receive the invoice and is either corrected with a credit note to amend the purchase price or a new invoice is created and processed. This process can take around 14 days to correct.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No