Published reports

DENTSU AEGIS LONDON LIMITED

Company number: 01939690

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

Reporting period:

1 July 2019 to 31 December 2019

Report filed on:

16 January 2020

Approved by:

Simon Lee


Payment statistics

Average time taken to pay invoices: 62 days

Invoices paid:

  • within 30 days: 42%
  • in 31 to 60 days: 38%
  • in 61 days or more: 20%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 22%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

We are a media agency and our payment terms are end of month following the month of activity not the invoice date. TV suppliers are paid on the 25th of each month for the previous months airtime

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

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Invoice queries are raised with our buyers within the 2nd week of the month as per our reconciliation process and the supplier is notified. These should be resolved in time for the month end payment run unless a credit is due from the vendor or further investigation is necessary and more information is required.

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