DENTSU LONDON LIMITED
Company number: 01939690
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
12 January 2021
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 25th of each month for the previous months activity.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
An invoice query is raised with our buyers within the 2nd week of the month as per our reconciliation process and the supplier is notified. This should be resolved in time for the month end payment run unless a credit is due from the supplier 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.
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