GOV.UK
TELEGRAPH MEDIA GROUP LIMITED
Company number: 00451593
Reporting period:
4 January 2021
to 4 July 2021
This report was filed on 23 July 2021
and approved by Claire Pape
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 40%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 49 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms for goods and services from suppliers are 60 days. However,
contractual payment terms do vary between 0 and 90 days.
Were there any changes to the standard payment terms in the reporting period?
Yes –
Standard payment terms for goods and services were changed during the current period from 30
days to 60 days. The change was communicated well in advance to suppliers.
Were suppliers notified or consulted about these changes before they were made?
Yes – This was communicated well in advance to suppliers.
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Payment disputes are initially dealt with via an email communication to
accounts.payable@telegraph.co.uk with the supplier detailing the issue. These will be dealt with
by the Accounts Payable Team, led by the Accounts Payable Manager. If required the dispute
will be escalated to The Head of Transactional Finance and further to the Chief Financial Officer if
necessary.
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