ENTERTAINMENT MAGPIE LIMITED
Company number: 06277562
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
30 October 2026
Approved by:
Jonathan Mark Higgins
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 48 days
Total value paid:
- within 30 days: £13,253,972 (64%)
- in 31 to 60 days: £6,957,512 (34%)
- in 61 days or more: £462,091 (2%)
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 53%
- in 61 days or more: 25%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £6,460,776
- payments due in the reporting period which have not been paid within the agreed period: 36%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
The company's standard payment period is the contractual payment period set out in the supply contract. These vary between contracts and are typically as follows: payment is made within 30 days following the end of the month of the invoice date, or to their agreed payment terms, whether that be 30, 60 or 90 days from the date of invoice.
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
N/A
Any other information about payment terms
N/A
Dispute resolution process
If a supplier should for any reason have any complaints they can contact the relevant department dealing with their order or customer.complaints@musicmagpie.co.uk. All complaints correspondence is dealt with via email or letter and the company will acknowledge and respond to the initial complaint within two working days. If a supplier is not satisfied with the response they can appeal against this. The company will respond to all appeals within three working days and issue final response
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