EUROMONEY GLOBAL LIMITED
Company number: 00142215
Reporting period:
1 October 2020 to 31 March 2021
Report filed on:
13 May 2021
Approved by:
Richard Haley
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 15%
- in 61 days or more: 12%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 14%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Euromoney is the main trading entity for Euromoney PLC in the UK. To demonstrate the ongoing commitment to fair and prompt payment Euromoney has payments terms within 30 days of receipt of a correct, undisputed and properly due VAT invoice. We do not hold retentions from payments to sub-contractors
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
n/a
Any other information about payment terms
n/a
Dispute resolution process
Accounts Payable are initially contacted if there are complaints from suppliers about payment under qualifying contracts. If they are unable to resolve the issue, Accounts Payable will liaise with the internal business unit who requested the supply. If need be, any unresolved disputes will be escalated to senior management in the relevant business division and 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 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