| 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
Midland News Association Limited (MNA) is a media company based in the West Midlands, England. The company was founded in 1885 and has since become one of the largest independent media groups in the UK.
MNA is committed to sustainability and has implemented various initiatives to reduce its environmental impact. The company has a sustainability program in place that focuses on reducing waste, conserving energy, and promoting eco-friendly practices throughout its operations.
MNA's core business is delivering news and information to its readers through its flagship newspaper, the Express & Star. The company also publishes a range of other regional newspapers, including the Shropshire Star and the Wolverhampton Chronicle. In addition to print media, MNA also has a strong online presence, with its websites attracting millions of unique visitors each month.
The company is led by a team of experienced professionals, including its Managing Director, Raj Chhetri, and its Editor-in-Chief, Martin Wright. MNA also has a dedicated team of journalists, photographers, and production staff who work tirelessly to deliver high-quality news and content to its readers.
For any inquiries or information, MNA's registered office address is MNA Media, Queen Street, Wolverhampton, WV1 1ES. The company's website, www.expressandstar.com, provides a comprehensive source of news, features, and information for its readers. MNA also has a strong social media presence, with active accounts on Facebook, Twitter, and Instagram.
In summary, MNA is a leading media company in the UK that is committed to sustainability and delivering high-quality news and information to its readers. With a dedicated team and a strong online presence, MNA continues to be a trusted source of information for its readers in the West Midlands.