ARCHANT COMMUNITY MEDIA LIMITED
Company number: 00019300
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
27 July 2018
Approved by:
BRIAN MCCARTHY
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 62%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 12%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Archant's standard Contributor terms are payment on the 30th of the month following publication date (assuming the invoice is received in the same month it is issued). Archant's standard Supplier terms are payment on the 30th of the month following invoice date (assuming the invoice is received in the same month it is issued). When there is any variation to these terms such as cases where the nature of the payment dictates an exception (for example, within Events based expenditure to secure a venue) it is possible to agree discretionary alternative payment terms in conjunction with the Group Credit Manager. These exception requests will be reviewed on a case by case basis.
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
Any queries relating to payment of invoices should be directed to the Payments Team in Archant Finance. The supplier should liaise with the person who placed or ordered the goods/service to resolve any dispute or complaint.
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