ASSOCIATED NEWSPAPERS LIMITED
Company number: 00084121
Reporting period:
1 October 2023
to 31 March 2024
This report was filed on 29 April 2024
and approved by Neil Wood
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 8%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 20 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
61 days
Standard payment terms
Associated Newspapers standard terms are that invoices fall due at the end of the following month from receipt of invoice. There are a significant number of variations to these standard terms which reduce the payment period to less than 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
61 days
NA
Any other information about payment terms
NA
Dispute resolution process
If at any time any question, dispute or difference arises between Associated Newspapers Limited and its supplier or distributor, parties are obliged to escalate the dispute to senior representatives of the respective businesses who shall use their reasonable endeavours to resolve the dispute in good faith. There is a dedicated shared service centre in Leicester with a specialist purchase to pay team that deals with payment disputes that arise. The escalation point for Associated Newspapers Limited would be the Payables and Credit manager.
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