GLOBAL OUTDOOR MEDIA LIMITED
Company number: 02866133
Reporting period:
1 January 2020 to 31 March 2020
Report filed on:
14 September 2020
Approved by:
Anthony Booker
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 14%
- in 61 days or more: 6%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 10%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
It is the Company’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The Company normally settles trade payables on 30 day terms however variations to these terms do exist based on agreements with certain supplies.
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
90 days
N/a
Any other information about payment terms
N/a
Dispute resolution process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. The Company has a dedicated inbox into which all queries can be submitted, APQueries_Outdoor@global.com. the Accounts Payable Manager is responsible for resolving supplier queries, with escalation to the relevant individual if queries cannot be resolved satisfactorily. All invoices from suppliers should be e-mailed into AccountsPayable_Outdoor@global.com or delivered to Accounts Payable, Exterion Media, 7th Floor, Lacon House, 84 Theobold’s Road, London WC1X 8NL
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.
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