ARGUS MEDIA LIMITED
Company number: 01642534
Reporting period:
1 January 2019 to
30 June 2019
This report was filed on 28 August 2019
and approved by Stuart Ashman
Payment statistics
Average time taken to pay invoices: 13 days
Invoices paid:
- within 30 days: 93%
- in 31 to 60 days: 4%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 40%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
With regards to qualifying contracts, Argus Media Limited does not dictate Standard Payment terms, and works closely with suppliers to ensure that all suppliers are paid as close to time as possible according to their individual supplier payment terms. Our most common agreed payment terms are 30 days but we have several suppliers who have agreed payment terms of 45 and even 60 days. As Argus does not dictate standard payment terms, there are no standard payments terms to be changed.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Disputes can be resolved by contacting the Argus Media Limited Accounts Payable team who investigate and resolve issues on a case by case basis.
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, 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