GOV.UK
KANTAR MEDIA UK LTD
Company number: 00275304
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 26 January 2022
and approved by Giles Richardson
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 58%
- in 31 to 60 days: 33%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 55 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
Our standard terms are 60 days end of month from receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Whilst our standard terms are 60 days end of month of receipt of invoice, for freelancers and small contractors, we have an exception process to set these up to pay between 14 and 30 days.
Any other information about payment terms
N/A
Dispute resolution process
We resolve our disputes with internal and external queries by using an automated Service Now Helpdesk which is self-service. At Kantar Media, vendors can email invoicestopay@kantar.com with a query. If it relates to a previous invoice submitted they should note the FIN number received when they first submitted invoice as this will help deal with queries. SLAs on query responses are 2 working days from receipt. Within the automated response received when a query is submitted there is also an escalation process if the query is not resolved to a satisfactory standard
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