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KANTAR MEDIA UK LTD

Company number: 00275304

Reporting period:
1 July 2018 to 31 December 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 29 January 2019

and approved by Giles Richardson

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 69%
• in 31 to 60 days: 17%
• in 61 days or more: 14%

Invoices due but not paid within agreed terms: 50 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

60 days

Standard payment terms

Our standard terms are 60 days end of month from receipt of invoice

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

Whilst our standard terms are 60 days end of month of receipt of invoice, for freelancers and small contractors, we have an exception process to set these up to pay between 14 and 30 days

Dispute resolution process

At Kantar Media, vendors can email invoicestopaykm@kantar.com with a query. If it relates to a previous invoice submitted, they should note the TASK number received when they first submitted invoice, as this will help deal with queries. All tickets are stored and tracked in our helpdesk software called Service Now.
We endeavour to respond to enquiries within 2 working 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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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