OUTBRAIN UK LIMITED
Company number: 07479183
Reporting period:
1 January 2019 to
30 June 2019
This report was filed on 22 August 2019
and approved by Michael Kistler
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 33%
- in 61 days or more: 37%
Invoices due but not paid within agreed terms: 57%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
As per the nature of our business, the majority of the payments (72%) are made to publishers. There are agreements between Outbrain UK and each publisher which define the payment terms. The terms vary according to the country where the billing address is located. More details can be found on the company's website using this link: https://www.outbrain.com/legal/tos#engage-terms. For all the other suppliers, we follow the payments terms as per the invoice received.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
There is a dedicated email address (euaccountspayable@outbrain.com) for any AP queries. This address is widely communicated to our suppliers and there is a dedicated team member that takes care of this email inbox. Any disputes or complaints are handled by email or a phone call.
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, 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