EVENING STANDARD LIMITED
Company number: 06770098
Reporting period:
2 October 2017 to 1 April 2018
Report filed on:
16 May 2018
Approved by:
Manish Malhotra
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 22%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard supplier payment terms are 30 days. The company endeavors to pay contributors to its publications within two weeks of approval and publication date.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All payment disputes or complaints are raised with the accounts payable team at accountspayable@esimedia.co.uk. This contact address is provided on all supplier remittances and email footers of the accounts payable team. The team aim to initially respond to queries within five days, ensuring that the supplier is kept informed of their investigation progress weekly, and full resolution is achieved within four weeks. The escalation process for suppliers dissatisfied with resolution is to the Head of Finance.
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