NATIONAL MAGAZINE COMPANY LIMITED(THE)
Company Information
- Company Number
- 00112955
- Registered Address
- 30 Panton Street, London, England, SW1Y 4AJ
- Status
- Active
- Employee Count
- 703
- Turnover
- £121,634,000
- EBITDA
- £9,727,000
Additional Details
- Website
- https://hearst.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 29 November 1910
- Nature of Business
- 58142 - Publishing of consumer and business journals and periodicals
- Industries
- Creative,Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 29 | 67% | 30% | 3% | 34% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 31 | 59% | 36% | 5% | 46% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 30 | 71% | 23% | 6% | 34% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 29 | 74% | 21% | 4% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 28 | 75% | 21% | 4% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 27 | 79% | 16% | 5% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 28 | 75% | 21% | 4% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 29 | 81% | 15% | 4% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 42 | 61% | 25% | 14% | 17% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Hearst UK general terms are to settle all valid invoices within 30 days although this can be dependant upon the nature of the good and services being provided.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
Every effort is made to resolve all payment related disputes and queries quickly. We regularaly review supplier statements and contact suppliers regarding invoices which have not been received.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
The National Magazine Company Limited (known as Hearst UK) is a leading British media company that produces a wide range of popular magazines and digital content. The company has a strong focus on sustainability and has implemented various programs and initiatives to reduce its environmental footprint.
Some of the activities of Hearst UK include publishing magazines such as Good Housekeeping, Cosmopolitan, and Harper's Bazaar. The company also offers digital publications, events, and branded content services. They have a strong online presence with their websites attracting millions of visitors each month.
Hearst UK is committed to sustainability and has set ambitious goals to reduce their carbon footprint, waste, and water usage. They have implemented various initiatives such as using renewable energy sources, promoting recycling, and reducing paper usage.
The key people at Hearst UK include James Wildman, the CEO, and Mark Frith, the Editorial Director. The company's registered office address is 72 Broadwick Street, London, W1F 9EP, United Kingdom. Their website, www.hearst.co.uk, provides information on their publications, events, and sustainability efforts.
Overall, the National Magazine Company Limited is a reputable media company in the UK, known for its popular publications and commitment to sustainability. Their efforts towards reducing their environmental impact make them a leader in the industry.
