REACH MAGAZINES PUBLISHING PLC
Company Information
- Company Number
- 01633971
- Registered Address
- One Canada Square, Canary Wharf, London, United Kingdom, E14 5AP
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£3,659,000
Additional Details
- Website
- https://ok-magazine.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 7 May 1982
- Nature of Business
- 58142 - Publishing of consumer and business journals and periodicals
- Industries
- Marketing And Sales, Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 61 | 18% | 36% | 46% | 14% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The price stated in the Order is inclusive of all costs and expenses including packing and transportation costs. No variation in the price of the Goods will be accepted for any reason whatsoever unless reasonable notice thereof has been given in writing by the Seller the Purchaser and an authorised officer of the Purchaser shall have accepted the price variation in writing. Where the Goods are subject to Value Added Tax or any other taxes the amount legally demandable is to be rendered as a separate item of account and if required by the Purchaser, the Seller shall produce bona fide evidence of the amount paid or to be paid by it in respect thereof. The Purchaser reserves the right to deduct from any monies due or becoming due to the Seller, any monies due from the Seller to the Purchaser under the Contract or any other contract relating to the supply of goods or services. The price of the Goods includes the cost of insurance, packaging and carriage of the Goods unless otherwise expressly indicated in the Order. Any discount period will be calculated from the date the invoice is received by the Purchaser. Payment for Goods accepted by the Purchaser shall be made at the end of the month following the month of invoice.
Were there any changes to the standard payment terms in the reporting period?
During the reporting period, the finance systems were integrated with those used by Reach plc, and the standard supplier payment terms for Reach plc were adopted at this time. As a result, the standard payment terms changed from ‘2 months from the end of the month following the month of invoice’ to ‘1 month from the end of the month following the month of invoice’.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
For contracts with suppliers, the appropriate business manager (and if appropriate senior manager) for each party will attempt to resolve the dispute (the Reach point of contact varies from contract to contract). Suppliers can also contact Reach’s dedicated accounts payable team (suppliers@reachplc.com). Such contacts would look to deal promptly with any disputes raised, in accordance with the terms of the contract, and involve other Reach managers as required.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
REACH MAGAZINES PUBLISHING PLC is a UK-based publishing company that produces a wide range of magazines covering various topics such as lifestyle, fashion, health, and entertainment. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes using eco-friendly printing materials, recycling paper waste, and reducing carbon emissions by using renewable energy sources. They also strive to source their materials from sustainable and ethical suppliers.
The company offers a diverse range of products and services, including print and digital magazines, special publications, and advertising opportunities for businesses. Their magazines cater to different audiences and are known for their high-quality content and design.
The key people at REACH MAGAZINES PUBLISHING PLC include the CEO, who oversees the overall operations, and the editorial team, who curate and create content for the magazines. They also have a dedicated customer service team that handles inquiries and subscriptions.
The company's website address is www.reachmagazines.co.uk, where users can browse and purchase their magazines, as well as find information about their sustainability efforts. The registered office address is 1 Canada Square, Canary Wharf, London, E14 5AP.
In conclusion, REACH MAGAZINES PUBLISHING PLC is a reputable publishing company in the UK with a strong focus on sustainability. Their diverse range of products and services, along with their commitment to ethical practices, make them a leader in the publishing industry.
