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IPG HOLDINGS (UK) LIMITED

Company number: 02353279

Reporting period:
1 January 2019 to 30 June 2019


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

This report was filed on 18 July 2019

and approved by John Gilliam

Payment statistics

Average time taken to pay invoices: 16 days

Invoices paid:

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

52 days

Standard payment terms

Standard is based on vendor category, ranges from Payable Upon Receipt to Net 52.

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

No

Maximum contractual payment period agreed

52 days

This maximum date can be variable due to match pay terms.

Any other information about payment terms

N/A

Dispute resolution process

This is handled on a case by case basis, starting with our accounts payable department with escalation to the CFO.

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