EMERALD PUBLISHING LIMITED
Company number: 03080506
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
26 January 2024
Approved by:
Simon Cox
Payment statistics
Average time taken to pay invoices: 19 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 22%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
60 days
Standard payment terms
Emerald will pay the invoiced amounts within 45 days of the date of a valid and correct invoice to a bank nominated in writing by the Supplier.
Emerald may, without limiting its other rights or remedies, set off any amount owing to it by the Supplier against any amount payable by Emerald to the Supplier.
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
45 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Acknowledgement: within one working day.
- Simple queries: resolution within 2 working days
- Complex queries: estimated date of response will be provided as soon as the issue has been scoped. Finance will provide regular updates and notifications of any issues that could cause delays. Please note that only urgent queries will be answered in our month end close. Month end times are working days 1-6.
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.
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