FUTURE PUBLISHING LIMITED
Company number: 02008885
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 30 April 2021
and approved by Mike Robbins
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 89%
- in 31 to 60 days: 6%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 39 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Standard terms of business are 30 days from date of invoice for contributors and 60 days from date of invoices for suppliers
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
Any variation on standard terms must be requested on a new vendor forms and approved by the Finance Manager or Group Financial Controller
Dispute resolution process
Any queries relating to payment of invoices should be sent to Accounts Payable Team
The supplier should liaise with the person who orders the goods/service who placed the order 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 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