LOCAL WORLD LIMITED
Company Information
- Company Number
- 08290481
- Registered Address
- One Canada Square, Canary Wharf, London, E14 5AP
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://trinitymirror.com
- Company Type
- Private limited Company
- Incorporated On
- 12 November 2012
- Nature of Business
- 58130 - Publishing of newspapers
- Industries
- Creative,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 | 27 | 66% | 29% | 5% | 38% |
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?
No information available
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 which is centrally managed by Reach Shared Services (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
LOCAL WORLD LIMITED is a UK-based media company that specializes in providing local news and information to communities across the country. The company was founded in 2012 and is currently headquartered in London.
The company's main focus is on sustainability and providing environmentally friendly products and services. They have implemented a sustainability program that aims to reduce their carbon footprint, improve waste management, and promote sustainable practices among their employees and suppliers.
LOCAL WORLD LIMITED offers a wide range of products and services, including print and digital media platforms, such as newspapers, magazines, and websites. They also provide advertising and marketing solutions for businesses looking to reach their local target audience.
The company is led by a team of key people, including CEO David Montgomery and Chairman David Grigson. They are committed to driving the company's growth and success while maintaining a strong focus on sustainability.
For more information on LOCAL WORLD LIMITED and their products and services, you can visit their website at www.localworld.co.uk. Their registered office address is Northcliffe House, 2 Derry Street, London, W8 5TT.
