RED BEE MEDIA LIMITED
Company number: 04257461
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
23 January 2026
Approved by:
Liam O'Brien
Payment statistics
Average time taken to pay invoices: 56 days
Total value paid:
- within 30 days: £9,905,842 (46%)
- in 31 to 60 days: £5,660,543 (26%)
- in 61 days or more: £5,814,585 (27%)
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 35%
- in 61 days or more: 35%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,734,422
- payments due in the reporting period which have not been paid within the agreed period: 21%
- not made in the reporting period due to a dispute: 21%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
169 days
Standard payment terms
169 (EOM +154) Days. No changes were made to the standard payment terms during the reporting period.
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
169 days
N/A
Any other information about payment terms
Invoicing and payment shall be made in accordance with Ericsson’s instructions. A valid invoice shall at a minimum contain a reference to the PO, Seller’s name and address, and specification of the Products purchased. With deviation from what otherwise may be provided for under applicable law, it is expressly agreed that payment shall be effected within sixty (60) days from the date of complete and successful delivery of the Products, including any documents, and receipt of a correct invoice. Further guidelines and requirements for invoices, including support for e-invoicing and supplier self-service can be found at http://www.ericsson.com/thecompany/sourcing/supplier-partner-resources/invoicing-payments. In case of delayed payment of approved invoices, the seller shall notify Ericsson thereof and Ericsson shall thereafter expedite the payment.
Dispute resolution process
3 levels of resolution:
1st level the Order Desk team or Renewals team together with the business they are addressing the situation with the supplier in case of minor queries on the invoice.
2nd level of resolution would be the Sourcing Business Partners in case 1st level is not successful or the reason for disputing the invoice is not considered minor.
3rd level of resolution is the Head of Sourcing: if not resolved, it would be escalated further for final resolution. At this level, we do extend supplier reviews and have a governance meeting if needed. If the dispute is not resolved at this stage, the dispute resolution process outlined in the Agreement between Ericsson and the Supplier will be affected.
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.
Yes
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