Score of 83.9/100 qualifies for PaymentCheck Certification
| 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 Oct 2025 - 31 Mar 2026 | 01 May 2026 | 18 | 80% | 19% | 1% | 26% |
| 01 Apr 2025 - 30 Sept 2025 | 17 Oct 2025 | 18 | 79% | 20% | 1% | 29% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 19 | 79% | 20% | 1% | 42% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Apr 2025 | 19 | 78% | 20% | 2% | 44% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2025 | 19 | 80% | 19% | 1% | 45% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Apr 2025 | 18 | 87% | 12% | 1% | 34% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 17 | 89% | 10% | 1% | 32% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 18 | 84% | 14% | 2% | 39% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 18 | 84% | 15% | 1% | 38% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 18 | 81% | 18% | 1% | 37% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 18 | 83% | 16% | 1% | 37% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 20 | 71% | 26% | 3% | 48% |
| 01 Oct 2019 - 31 Mar 2020 | 16 Jun 2020 | 16 | 86% | 13% | 1% | 36% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 18 | 79% | 19% | 2% | 43% |
| 01 Oct 2018 - 31 Mar 2019 | 30 May 2019 | 19 | 80% | 19% | 1% | 46% |
| 01 Apr 2018 - 30 Sept 2018 | 30 May 2019 | 18 | 83% | 15% | 2% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Economist’s default payment terms are 30 days from date of invoice. However payment terms depend on agreements with respective suppliers The most common supplier terms during the reporting period are: • 30 days: 92% • 15 days: 8%
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
The Accounts Payable team registers all invoices within the financial system on a daily basis. Invoices are then sent to staff in the business for approval, via workflow. If any invoices are disputed, the staff members responsible will workflow the invoice back to Account Payable, providing details of the dispute. Disputed invoices are placed on hold. Payment disputes are dealt with by the staff member responsible for the supplier relationship. The accounts payable team are able to identify invoices in dispute and regularly follow up with staff members to check status of approval. Once the dispute is resolved, the invoice is approved and paid. A payment dispute may also be raised by contacting the accounts payable team.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
The Economist Newspaper Limited is the registered UK company, incorporated in 1929, that publishes The Economist, the weekly current affairs and business publication founded in 1843. It is part of The Economist Group, a global media and information-services business whose brands include The Economist, Economist Enterprise and Economist Education. The group produces journalism on politics, economics, technology and international affairs, published weekly in print and daily across digital platforms, apps and podcasts, alongside business intelligence, research, events and executive education services. The Economist itself is written anonymously and maintains editorial independence, with no individual or organisation permitted a majority shareholding in the company.
Generated from the company's website and Companies House records. Sources: economistgroup.com · economistgroup.com