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EVENING STANDARD LIMITED

Company number: 06770098

Reporting period:
28 September 2020 to 28 March 2021

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This information is as reported by the business, and responses are in their own words.

This report was filed on 12 April 2021

and approved by Charles Yardley

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 53%
• in 31 to 60 days: 42%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 2 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Standard payment terms are 30 days. The company endeavours to pay contributors to its publications within two weeks of approval and publication

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

All payment disputes or complaints are
raised with the accounts payable team at
accountspayable@ESIMedia.co.uk and
this contact address is provided on all
supplier remittances and email footers of
the accounts payable team.
The team aim to initially respond to queries
within 5 days, ensuring the supplier is kept
informed of their investigation progress
weekly, and full resolution is achieved
within four weeks.
The escalation process for suppliers
dissatisfied with resolution is to the Financial Controller and Finance Director.

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.

Yes

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