ASSOCIATED PRESS TELEVISION NEWS LIMITED
Company number: 03589918
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
30 July 2020
Approved by:
Bridget Forrester
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 44%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 49%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
APTN Limited standard payment terms for freelancer invoices are 30 days from the date of invoice, for all other vendors standard payment terms are 45 days from date of invoice.
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
60 days
no
Any other information about payment terms
no
Dispute resolution process
All disputes are dealt with through the Accounts Payables team in London with assistance from the department who procured the services or goods in question. Suppliers can contact the Payables team directly through the APTN Payable email address or telephone numbers provided on remittance advices. Queries are handled as a priority on a daily basis and escalated as appropriate within the business to ensure timely resolution. Complaints are raised as they occur to the Accounts Payable Manager and where necessary escalated to the Finance Director. Once disputes are resolved payments due are made on the next payment proposal.
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