ENTERTAINMENT MAGPIE LIMITED
Company number: 06277562
Reporting period:
1 December 2024 to 31 May 2025
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: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
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 to consumers that trade items with us and we agree to pay for these trades on the day their item is processed so payment is made within 24 hours of receiving their item. The other side is all purchase ledger purchases mate to run the business, these have payment terms ranging from 30 to 90 days and with the majority of them being 30 days, on average the payment period is 40 days.
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
Any invoice received that we don't agree with we reach out to the supplier to either get a credit note or get the invoice recreated at the correct price, this process is normally complete within 14 days.
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