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EVENING STANDARD LIMITED

Company number: 06770098

Reporting period:
3 April 2018 to 30 September 2018


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

This report was filed on 30 October 2018

and approved by Manish Malhotra

Payment statistics

Average time taken to pay invoices: 23 days

Invoices paid:

Invoices due but not paid within agreed terms: 2 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Standard supplier payment terms are 30
days. The company endeavors to pay
contributors to its publications within two
weeks of approval and publication date.

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

N/A

Dispute resolution process

All payment disputes or complaints are
raised with the accounts payable team at
accountspayable@esimedia.co.uk. This
contact address is provided on all supplier
remittances and email footers of the
accounts payable team.
The team aim to initially respond to queries
within 5 days, ensuring that the supplier is
kept informed of their investigation
progress weekly, and full resolution is
achieved within four weeks.
The escalation process for suppliers
dissatisfied with resolution is to the Head
of Finance.

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.

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