Industry ranking
Score of 100/100 qualifies for PaymentCheck Certification
The average time taken for OUTDOOR MEDIACOM LIMITED to pay invoices has increased significantly from 48 days in the first period (Jan 2018 - Jun 2018) to 119 days in the last period (Jul 2020 - Dec 2020). This is a trend of delayed payments over time.
The volatility in the percentage of invoices paid within 30 days has been high, with a decrease from 9% in the first period to 0% in the last period. There has also been a significant increase in the percentage of invoices paid later than 60 days, from 37% to 67%, indicating high volatility in payment times.
| 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 Jan 2022 - 30 Jun 2022 | 04 Aug 2022 | 0 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 0 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Mar 2021 | 119 | 0% | 33% | 67% | 100% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Feb 2021 | 109 | 0% | 42% | 58% | 100% |
| 01 Jul 2019 - 31 Dec 2019 | 02 Mar 2020 | 60 | 1% | 62% | 37% | 99% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 55 | 4% | 67% | 29% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 20 Feb 2019 | 46 | 0% | 74% | 25% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 48 | 9% | 54% | 37% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We pay our media vendors in line with industry standards, dependant on media type, which are between 25 and 60 days from receipt of a valid invoice following the end of the month of media activity. Where appropriate, vendors are required to also provide supporting documentation confirming media activity has run.
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
We have a defined dispute resolution process to ensure that all supplier invoices are processed as efficiently as possible. Suppliers are provided with details of the issues that may affect the processing of their invoices and assistance by providing guidance on what is to be provided on their invoices to ensure payment can be made in a timely manner. Our AP helpdesk offers suppliers support through to query resolution and can be contacted via a dedicated e-mail address or phone number. All invoices that are in query are logged and if unresolved at the time of supplier payment, details of the reasons for payment delay are communicated to the relevant suppliers.
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
OUTDOOR MEDIACOM LIMITED is a dissolved private limited company, incorporated on 9 April 1976, based in the London region. Registered business activity: Advertising agencies.
From Companies House records.