TELEGRAPH MEDIA GROUP LIMITED
Company number: 00451593
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
31 July 2018
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%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 45%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
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
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
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 Fair 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.
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