MAP MEDIA LIMITED
Company number: 06900818
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
30 January 2019
Approved by:
Andrew McCutcheon
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 33%
- in 61 days or more: 22%
Late and disputed:
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
180 days
Standard payment terms
Standard payment terms of 30 days to external suppliers. Qualifying contracts with group companies do not have standard 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
180 days
Arbitrary period used as no maximum contractual payment period in place.
Any other information about payment terms
Invoices received from group companies relate to recharged expenditure, and money is drawn against these on an ad hoc basis.
Dispute resolution process
Any complaint or concern will be addressed by the finance director as soon as possible.
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