TELEGRAPH MEDIA GROUP LIMITED
Company number: 00451593
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 31 July 2018
and approved by Finbarr Ronayne
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 37%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 45 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Standard payment terms for undisputed valid supplier invoices are 30 days from date of invoice.
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
The percentage of invoices not paid within standard terms, as disclosed above, has been calculated strictly against the 30 day standard payment terms. Should payment fall outside the 30 day standard payment terms for valid business reasons, we endeavor to pay overdue invoices within the next 7 days.
Dispute resolution process
Our Accounts Payable team will liaise directly with the supplier in respect of any queries raised on the invoice during the approval process. The appropriate authoriser of the goods/services provided will also be involved in the resolution.
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