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TELEGRAPH MEDIA GROUP LIMITED

Company number: 00451593

Reporting period:
3 January 2022 to 3 July 2022

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

This report was filed on 28 July 2022

and approved by Richard Neal

Payment statistics

Average time taken to pay invoices: 34 days

Invoices paid:

• within 30 days: 59%
• in 31 to 60 days: 32%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 40 %

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 60 days.

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

No

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 Treasury and Transactional Finance and further to the Group Financial Controller and Chief Finance 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