EVENING STANDARD LIMITED
Company Information
- Company Number
- 06770098
- Registered Address
- Alphabeta, 14-18 Finsbury Square, London, England, EC2A 1AH
- Status
- Active
- Employee Count
- 221
- Turnover
- £31,611,000
- EBITDA
- -£13,538,000
Additional Details
- Website
- https://esimedia.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 10 December 2008
- Nature of Business
- 58130 - Publishing of newspapers
- Industries
- Creative,Media And Publishing,Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for EVENING STANDARD LIMITED to pay invoices has fluctuated over the past three periods, starting at 27 days in 2017 and decreasing to 23 days in 2018 before increasing back to 27 days in 2019. It then remained relatively stable at 26-29 days until a sudden increase to 33 days in 2020. However, in the most recent period, the average time to pay has decreased back to 27 days.
Volatility Analysis
EVENING STANDARD LIMITED has shown some volatility in their invoice payment patterns, with the percentage of invoices paid within 30 days fluctuating between 69-82% in the past three periods. The most significant change was in the most recent period, where the percentage dropped to 53% compared to 82% in the previous period.
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 |
|---|---|---|---|---|---|---|
| 29 Mar 2021 - 03 Oct 2021 | 02 Nov 2021 | 27 | 82% | 15% | 3% | 14% |
| 28 Sept 2020 - 28 Mar 2021 | 12 Apr 2021 | 33 | 53% | 42% | 5% | 2% |
| 01 Apr 2020 - 30 Sept 2020 | 12 Oct 2020 | 29 | 76% | 19% | 5% | 3% |
| 01 Oct 2019 - 31 Mar 2020 | 03 Apr 2020 | 26 | 82% | 13% | 4% | 1% |
| 01 Apr 2019 - 30 Sept 2019 | 01 Nov 2019 | 26 | 83% | 11% | 5% | 1% |
| 01 Oct 2018 - 31 Mar 2019 | 10 Apr 2019 | 27 | 69% | 25% | 4% | 2% |
| 03 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 23 | 82% | 13% | 3% | 2% |
| 02 Oct 2017 - 01 Apr 2018 | 16 May 2018 | 27 | 71% | 22% | 5% | 2% |
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
Standard payment terms are 30 days. The company endeavours to pay contributors to its publications within two weeks of approval and publication.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
All payment disputes or complaints are raised with the accounts payable team at accountspayable@esimedia.co.uk and this contact address is provided in the footer of all supplier remittances and in the email footers of the accounts payable team. The team aim to respond to queries within five working days ensuring the supplier is kept informed of their investigations at least weekly, and full resolution is achieved within four weeks. The escalation process for suppliers dissatisfied with the resolution is to first the Financial Controller and then to the Finance Director.
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
Evening Standard Limited is a British media company that operates the Evening Standard newspaper and its associated digital platforms. The company is committed to sustainability and has implemented various programs and initiatives to reduce its environmental impact.
Their sustainability program includes measures such as using recycled paper for printing, reducing energy consumption, and promoting public transportation for employees. They also have a dedicated team that regularly reviews and improves their sustainability efforts.
The company offers a range of products and services, including the daily print edition of the Evening Standard newspaper, as well as a digital version available on their website and mobile app. They also provide a variety of news and entertainment content on their platforms, including articles, videos, and podcasts.
Key people at Evening Standard Limited include CEO Mike Soutar and Editor George Osborne. The company's registered office address is Northcliffe House, 2 Derry Street, London, W8 5TT. They can be contacted via their website, www.standard.co.uk, or through their social media channels.
