ECONOMIST NEWSPAPER LIMITED(THE)
Company Information
- Company Number
- 00236383
- Registered Address
- The Adelphi, 1 - 11 John Adam Street, London, England, WC2N 6HT
- Status
- Active
- Employee Count
- 1,632
- Turnover
- £376,779,000
- EBITDA
- £56,922,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 January 1929
- Nature of Business
- 58110 - Book publishing58130 - Publishing of newspapers58142 - Publishing of consumer and business journals and periodicals58190 - Other publishing activities
- 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 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 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 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% |
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
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: 91% • 15 days 9%
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
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.
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.
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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?
❌
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
Economist Newspaper Limited (The) is a British media company that publishes The Economist, a weekly newspaper covering international news, politics, business, finance, science, and technology. The company was founded in 1843 and is headquartered in London.
The Economist is known for its in-depth analysis and commentary on global affairs, making it a trusted source of information for readers around the world. Along with the print edition, the newspaper also offers digital subscriptions and a mobile app for easy access to its content.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using recycled paper for its print edition, reducing energy consumption in its offices, and promoting sustainable transportation for its employees.
The Economist also offers a range of products and services, such as events, research and consulting services, and specialized publications, to cater to the needs of its diverse readership. These products and services provide additional insights and perspectives on the latest global developments, making The Economist a valuable resource for individuals and businesses alike.
The key people at Economist Newspaper Limited include Zanny Minton Beddoes, the editor-in-chief, and Rupert Pennant-Rea, the chairman. The company's website (www.economist.com) provides access to its articles, podcasts, and videos, as well as information on its sustainability efforts and other initiatives. The registered office address is 25 St. James's Street, London, SW1A 1HG, United Kingdom.
In summary, Economist Newspaper Limited is a leading media company that provides high-quality journalism and analysis on global affairs. With its sustainability efforts, diverse range of products and services, and a team of renowned experts, the company continues to be a trusted source of information for readers worldwide.
