| 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 |
|---|---|---|---|---|---|---|
| 31 Dec 2017 - 29 Jun 2018 | 25 Jul 2018 | 28 | 56% | 39% | 5% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard supplier term is payment due on or before the 25th of the month following invoice date.
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
56
Any invoice dispute is initially picked up by accounts payable staff, it is then referred to the authorising department head.
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 Midland News Association Limited is a company registered in England, incorporated in 1950, whose registered business activity is the publishing of newspapers. Companies House records show it is controlled by National World Publishing Limited, indicating it operates as part of that publishing group rather than as an independent standalone title. Filing history shows recent changes in directors and registered office, along with a registered charge, but no additional detail on specific newspaper titles or circulation is given in the available records. Based on the confirmed nature of business, the company's core activity is newspaper publishing within a wider media group structure.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk