The time taken for ST. CLEMENTS PRESS (1988) LIMITED to pay invoices has fluctuated over the past three periods. In the first period (2018-01-01 to 2018-06-30), the average time to pay was 21 days, which decreased to 15 days in the second period (2018-07-01 to 2018-12-31). However, it increased to 25 days in the third period (2019-01-01 to 2019-06-30). In the fourth period (2019-07-01 to 2019-12-31), the average time to pay decreased again to 15 days. It then increased to 19 days in the fifth period (2020-01-01 to 2020-06-30), before decreasing to 17 days in the sixth period (2020-07-01 to 2020-12-31). In the seventh period (2021-01-01 to 2021-06-30), the average time to pay increased to 25 days, then decreased to 24 days in the eighth period (2021-07-01 to 2021-12-31). In the ninth period (2022-01-01 to 2022-06-30), the average time to pay remained at 21 days. However, in the tenth period (2022-07-01 to 2022-12-31), the company paid all invoices within the agreed terms. In the eleventh period (2023-01-01 to 2023-06-30), the average time to pay increased significantly to 57 days, with only 50% of invoices paid within 30 days and 50% paid later than 60 days.
The volatility of ST. CLEMENTS PRESS (1988) LIMITED's average time to pay has been relatively stable, with only minor changes between periods. However, the company's ability to pay invoices within the agreed terms has fluctuated significantly, with a high of 59% in the third period (2019-01-01 to 2019-06-30) and a low of 23% in the sixth period (2020-07-01 to 2020-12-31).
Over the past three periods (2020-01-01 to 2020-12-31), ST. CLEMENTS PRESS (1988) LIMITED has shown a slight improvement in their average time to pay invoices, decreasing from 21 days to 19 days. However, there has been a significant decrease in their ability to pay invoices within the agreed terms, with a decrease from 59% to 23%. The company's best period was in the tenth period (2022-07-01 to 2022-12-31), where they paid all invoices within the agreed terms. Their worst period was in the eleventh period (2023-01-01 to 2023-06-30), where their average time to pay increased significantly to 57 days and only 50% of invoices were paid within 30 days.
| 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 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 09 Aug 2023 | 57 | 50% | 0% | 50% | 100% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 21 | 100% | 0% | 0% | 100% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 21 | 84% | 15% | 1% | 46% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 24 | 77% | 19% | 4% | 52% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 25 | 75% | 22% | 3% | 32% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 19 | 87% | 13% | 0% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 17 | 93% | 7% | 0% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 15 | 94% | 6% | 0% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 20 | 85% | 11% | 4% | 59% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 16 | 89% | 7% | 4% | 48% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 21 | 87% | 11% | 2% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most common supplier payment terms are: • Net 30 – All vendors • Immediate – Vendors The maximum payment period agreed to in July – December 2022 is 60 days. Payment terms depends largely on agreements with respective suppliers. Should the agreement be silent, the default payment term of 30 applies. There have been no changes to standard payment terms in the reporting period.
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
The business contact is responsible for confirming that the good / service delivered is of the required quality before payment is actioned. Invoice disputes are addressed with the suppliers directly by the business contact. Invoices under dispute can be processed within Oracle ebusiness suite and placed on hold. Approval and payment may take some time as dependent on the resolution of the dispute. Suppliers can contact the Global Accounts Payable team via its group mailbox accounts.payable@ft.com. An Accounts Payable Analyst would be available to answer supplier queries 22 x 5. The Global Accounts Payable team ensures that authorizers are regularly chased to approve invoices in their approval queues and any long outstanding invoices not approved within reasonable timeframes will be queried, thereby, identifying any disputed invoice. We recommend suppliers to send their invoices directly to email address accounts.payable@ft.com to be lodged within our Oracle system and to commence tracking through to settlement
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
ST. CLEMENTS PRESS (1988) LIMITED is a British publishing company that was established in 1988. They specialize in producing high-quality books, magazines, and other printed materials.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact. They use sustainable materials in their production process and have implemented recycling and waste reduction programs. They also work with suppliers who share their values and promote eco-friendly practices.
Their product range includes a wide variety of books, from fiction and non-fiction to children's books and educational materials. They also offer magazine printing services and have a strong focus on creating visually appealing publications.
The key people behind ST. CLEMENTS PRESS (1988) LIMITED are the managing director, who oversees the day-to-day operations, and the creative director, who oversees the design and production process. They are supported by a team of talented and dedicated individuals who ensure the quality and success of the company's products.
The company's website (www.stclementspress.com) provides information on their products and services, as well as their sustainability efforts. Their registered office address is in London, and they can be contacted via email or phone for any inquiries.
In summary, ST. CLEMENTS PRESS (1988) LIMITED is a reputable publishing company in the UK, with a strong focus on sustainability and producing high-quality books and magazines. Their team of experienced individuals and commitment to eco-friendly practices make them a trusted choice for publishing needs.
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