STUDIO LAMBERT MEDIA LTD
Company number: 12115640
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
31 January 2025
Approved by:
Angela McMullen
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 16%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 33%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
The most common standard terms for suppliers remains at 30 days.
There are two high-volume suppliers who have shorter terms of 7 and 14 days. Payment is often made outside of this time period for practical timing reasons, but the Company continues to enjoy a good trading relationship with those two suppliers and with no friction.
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
None
Any other information about payment terms
None
Dispute resolution process
Disputes can be raised by contacting our accounts payable department. Every effort is made to resolve all payment related queries and disputes quickly. We regularly review key supplier statements and contact suppliers regarding invoices which we may not have received or are under query.
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