Score of 85.9/100 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 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 16 | 90% | 9% | 1% | 48% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Ascential Group Limited standard payment terms are 30 days from invoice date. Maximum terms are 60 days. There have been no blanket changes to existing supplier payment terms during the reporting period.
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 Purchase Order requests suppliers send invoices to a dedicated mailbox. When sent, the supplier receives an auto email advising Processing times\Processing requirement\AP contacts\3 Tier Escalation contact route if required. For incorrectly prepared invoices, suppliers are sent a rejection email within 48 hours of receipt advising the information required to resubmit for payment.
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
ASCENTIAL GROUP LIMITED is an active private limited company, incorporated on 27 May 1947, based in the London region. Registered business activity: Activities of other holding companies not elsewhere classified; Activities of head offices.
From Companies House records.