KANTAR PUBLIC UK LIMITED

Standard payment terms

Standard 30 days net for project work with a sub-contractor 60 days net for some non-project operating costs

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

During this period (end of October) we went through our final separation with our old group company (exited trade services agreement) and set up a new ERP system and new offshore finance team. We have suffered quite severe issues both with the system and the new team in relation to accounts payable which has caused issues with processing of invoices in this time, and has resulted in manual payments where necessary and once aware of payment needed. We have enacted a recovery plan to get back to prompt payment, which will see improved payment statistics in the next reporting period. We always aim to pay all our suppliers in a timely manner.

Maximum contractual payment period agreed

60

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