| 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 2019 - 30 Jun 2019 | 25 Sept 2019 | 46 | 16% | 70% | 15% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 27 | 65% | 32% | 3% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 47 | 20% | 67% | 13% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of following month from date of invoice.
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
J. Walter Thomson Group Limited 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. The 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
J. Walter Thompson Group Limited is a UK registered company with the SIC code for advertising agencies. Evidence from the associated web presence shows that the historic J. Walter Thompson advertising business has been rebranded, first to Wunderman Thompson and now trading as VML. The website material confirms the entity operates within global advertising and marketing services, covering brand experience, commerce, consulting, customer experience, technology and related creative and media disciplines. The registered company appears to function as part of this wider advertising group structure rather than as an independently branded operating unit, with its trading identity now presented under the VML name.
Generated from the company's website and Companies House records. Sources: wundermanthompson.com