GOV.UK
SAGE PUBLICATIONS LIMITED
Company number: 01017514
Reporting period:
28 June 2020
to 26 December 2020
This report was filed on 9 February 2021
and approved by Richard Thame
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 48%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 52 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
SAGE Publications Ltd's standard payment terms are within 30 days of receipt of a correct, undisputed VAT invoice, agreed contract detailing payments due or a payment request agreed in writing by an authorised representative of the business.
The criteria for us to make a payment within 30 days is an approved purchase order (PO) and for the PO number to be quoted on the invoice. Any invoice received without this will be paid, but could be later than 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
SAGE Publications is committed to ensuring all invoices are paid as soon as possible even to the extent that SAGE pays every invoice regardless of terms. This means we pay every invoice approved for payment at the time of us generating the payment runs, leading to suppliers sometimes receiving funds up to two weeks early. All disputes are resolved by discussion either by phone or email by our dedicated accounts payable team in a fair and timely manner. If the supplier feels we haven't met the standards mentioned, then this can be raised to the Finance Operations Manager who will then look into the dispute and resolve or escalate to senior management as appropriate.
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
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