FREMANTLEMEDIA LIMITED

Company number: 00276928

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 27 July 2020

and approved by Andrew Bott

Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

• within 30 days: 90%
• in 31 to 60 days: 9%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 47%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Standard Payment Terms are 30 days from invoice date

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

N/A

Any other information about payment terms

N/A

Dispute resolution process

All new vendors are contacted by the AP team when they are verified onto the accounting system.This provides contact details should the vendor have a query.Vendors may contact the Accounts Payable team directly to enquire on the payment status of their invoice processing via email SSC-AP@fremantle.com or via the post to 1 Stephen Street, London W1T 1AL. The Accounts Payable team will contact the purchaser within to resolve the delay in payment and share the reason for delay with the vendor.

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