Cookies on Payment practices reporting

We use some essential cookies to make this service work.

We’d also like to use analytics cookies so we can understand how you use the service and make improvements.

Accept analytics cookies Reject analytics cookies View cookies
Search published payment practice reports

Beta This is a new service. Help us improve it and give your feedback (opens in new tab) .

OMD GROUP LIMITED

Company number: 02078820

Reporting period:
1 July 2021 to 31 December 2021

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

This report was filed on 1 February 2022

and approved by Ron Bell

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

  • within 30 days: 31%
  • in 31 to 60 days: 50%
  • in 61 days or more: 19%

Invoices due but not paid within agreed terms: 31%

Payment terms

Shortest standard payment periods

25 days

Longest standard payment period

60 days

Standard payment terms

Media - End of month of month following activity

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Invoice queries are referred to the individual or group who ordered the activity / goods to resolve with the supplier

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, 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.

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