JOHNSTON PUBLISHING LIMITED
Company Information
- Company Number
- 01919088
- Registered Address
- Ship Canal House 8th Floor, 98 King Street, Manchester, M2 4WB
- Status
- Active
- Employee Count
- 520
- Turnover
- £171,506,000
- EBITDA
- -£16,661,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 June 1985
- Nature of Business
- 58130 - Publishing of newspapers
- Industries
- Creative,Media And Publishing
- Region
- North West
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 | 27 Jul 2018 | 29 | 60% | 30% | 10% | 49% |
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
There are formal contractual agreements in place with suppliers on payment terms which can vary widely and, as such, it is difficult to specify what are our “standard terms”. In most contractual negotiations, our opening position is that payment shall be made within 60 days of receipt of invoice. However, this opening position will generally be subject to negotiation and, in reality, payment terms can vary from invoices due on receipt of the invoice to sixty days from the end of the month in which the invoice is received. The business deals with a huge variety of suppliers, and the nature of both the supplier and of the goods/services they supply, will dictate what payment terms may be appropriate. If there is no formal contractual agreement in place our standard payment terms are 45 days from 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
60
Dispute Resolution Process
Standard Practice Invoices are processed on a purchases authorisation system (DB authorise) for the review and approval (or query) by the requisitioning manager(s). Should there be a query or dispute, an invoice is put on hold in the system and placed in query. The reason for the query or dispute is recorded in the comments section of the same approval system. The authoriser(s) contact the supplier to resolve the query or dispute. The invoice is kept on hold in DB authorise until the dispute is resolved. Once resolved, and the invoice is approved on the system, the invoice is released for payment. Invoices are sometimes approved in error and subsequently the authorisers would request the invoice be put on hold. Details of the invoice being put on hold are recorded in the notes section of the system. The invoice will remain on hold until the dispute has been resolved, the invoice is then released back for approval by the manager and then released for payment. Contractual Position There is not a uniform dispute resolution process for all our supplier contracts- contracts take account of suppliers’ particular requirements and the nature of the goods/services. The following general remarks should apply to all contracts: i. The contract should set out an escalation process whereby disputes are referred to senior management for resolution. A timescale should be provided to ensure that parties remain focussed upon resolution. ii. The contract may include provision for an alternative method of dispute resolution such as mediation or arbitration. iii. Notwithstanding i and ii above, the parties should always have a right to raise court proceedings. Such proceedings should be subject to the laws of England and Wales and the exclusive jurisdiction of the English courts but, if a supplier has a justifiable reason for wishing the contract to be subject to the laws and courts of an alternative jurisdiction, we will consider this. These situations are very much the exception.
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
Johnston Publishing Limited is a British publishing company that specializes in newspaper and magazine publications. The company was founded in 1797 and is headquartered in Edinburgh, Scotland.
The company operates various newspapers and magazines, including The Scotsman, Yorkshire Post, and i newspaper. It also has a digital division, Johnston Press Digital Ventures, which manages the company's online presence and digital media products.
Johnston Publishing Limited is committed to sustainability and has implemented various initiatives to reduce its environmental impact. The company has a sustainability program in place which includes reducing paper waste, using sustainable materials, and implementing energy-efficient practices.
The company's products and services cater to a wide range of audiences, including local communities, businesses, and advertisers. Its newspapers and magazines cover a variety of topics such as news, sports, entertainment, and lifestyle.
Key people at Johnston Publishing Limited include CEO David King and Chairman Camilla Rhodes. The company's registered office address is at Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS.
Johnston Publishing Limited's website, www.johnstonpress.co.uk, provides information on the company's publications, digital products, and sustainability efforts. The website also has a contact page for inquiries and feedback. Overall, Johnston Publishing Limited continues to be a leading publisher in the UK, providing quality and relevant content while also prioritizing sustainability.
