HAYMARKET MEDIA GROUP LTD
Company Information
- Company Number
- 00267189
- Registered Address
- Bridge House, 69 London Road, Twickenham, England, TW1 3SP
- Status
- Active
- Employee Count
- 624.0
- Turnover
- 73715000.0
- EBITDA
- 6680000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 July 1932
- Nature of Business
- 58142 - Publishing of consumer and business journals and periodicals
- Industries
- Creative,Media And Publishing
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 44 | 33% | 56% | 11% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 49 | 37% | 50% | 13% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 49 | 29% | 57% | 14% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 51 | 34% | 55% | 11% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 47 | 31% | 58% | 11% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 44 | 36% | 57% | 7% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 54 | 32% | 53% | 15% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 50 | 28% | 58% | 14% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 47 | 28% | 61% | 11% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 49 | 30% | 59% | 11% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Feb 2019 | 56 | 23% | 62% | 15% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 54 | 30% | 54% | 16% | 16% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 59 | 17% | 59% | 24% | 24% |
Company Summary
HAYMARKET MEDIA GROUP LTD
is a global media company headquartered in London, UK
They provide a wide range of products and services, including magazines, websites, events, and data analytics, primarily focused on the automotive, technology, and finance industries
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
This includes using renewable energy sources, reducing waste and carbon emissions, and promoting sustainable practices among their employees and suppliers
HAYMARKET MEDIA GROUP LTD
offers a diverse portfolio of print and digital publications, such as Autocar, What Car?, and Campaign, catering to different target audiences
They also organize events and conferences, including the prestigious Hay Festival, bringing together industry leaders and consumers to discuss relevant topics and trends
The key people at HAYMARKET MEDIA GROUP LTD
include CEO Kevin Costello, who has been with the company for over 25 years, and Executive Chairman Rupert Heseltine, who has over 30 years of experience in the media industry
The company's website is www.haymarket.com, where users can find information about their products and services, as well as job opportunities and news updates
The registered office address is Bridge House, 69 London Road, Twickenham, TW1 3SP, United Kingdom
In summary, HAYMARKET MEDIA GROUP LTD
is a leading media company in the UK, offering a diverse range of products and services, with a strong commitment to sustainability
With a team of experienced and dedicated individuals, they continue to provide valuable and relevant content to their audiences
Company Review
Trend Analysis
The average time taken for HAYMARKET MEDIA GROUP LTD. to pay invoices has been decreasing over the past three periods, from 59 days in 2017-12 to 44 days in 2023-12. This indicates that the company is making efforts to pay invoices in a timely manner.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 17% to 37% over the past three periods. However, there has been some fluctuation in the percentage of invoices paid between 31 and 60 days, with a high of 62% in 2018-12 and a low of 50% in 2023-06. The percentage of invoices paid later than 60 days has also shown some volatility, with a high of 24% in 2017-12 and a low of 7% in 2021-06.
Summary Analysis
From 2017-07 to 2023-12, HAYMARKET MEDIA GROUP LTD.'s average time to pay invoices has decreased from 59 days to 44 days. The percentage of invoices paid within 30 days has ranged from 17% to 37%, with an overall upward trend. The percentage of invoices paid between 31 and 60 days has ranged from 50% to 62%, with some fluctuation. The percentage of invoices paid later than 60 days has ranged from 7% to 24%, with a general downward trend. The company's shortest (or only) standard payment period has remained consistent at 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
31 days from end of month of invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
By contacting our AP Dept at apqueries@haymarket.com in the first instance. Queries may be escalated to Group Procurement or Senior Management. A response from AP can normally be expected within 48 hours.
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?
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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