TURNER BROADCASTING SYSTEM EUROPE LIMITED
Company number: 01927955
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
30 January 2019
Approved by:
Robert Jamie Friend
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 41%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 39%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
45 days
Standard payment terms
Turners standard payment terms are 45 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Escalation process for disputed invoices Turner Broadcasting Systems Europe Ltd Primary Requirements Turner Broadcasting Systems Europe Ltd operates a purchase order policy. TBSEL reserves the right to reject invoices directly back to suppliers if, where applicable, they are not accompanied by a valid PO number. Where a PO has been issued by TBSEL, accompanying invoices should not exceed the value of the PO. Internal stakeholders raise requests for new suppliers via Procurement. Applications are filtered to determine whether existing alternatives exist, or whether tendering / benchmarking is required. A New Supplier Pack is sent to the potential provider, complete with standard MSA, banking request details, a COI and GDPR form. Suppliers are then loaded into PeopleSoft to enable POs to be raised. Where to send your invoices to All invoices should be sent by e-mail to Turner Broadcasting Systems Europe accounts payable team. Our e-mail address is ap.london@turner.com For regional specific invoices please refer to the e-mail address on your purchase order. Who to Contact Our telephone number is 0207 693 0602 For regional specific invoices please e-mail all enquiries to the contact details on your purchase order. Our standard payment terms Our standard supplier payment terms are 45 days from date of invoice. For payment and invoice queries please call the accounts payable helpdesk. The helpdesk will be able to advise on all payment or invoice queries. Our escalation process. Any invoices that TBSEL dispute will be returned by your business point of contact with a full explanation of the dispute. This is the person who you are working with to supply goods and services to TBSEL. Any invoice or payment inquiries/disputes which are not fully resolved to your satisfaction, can, in turn, be escalated to Steven Katona – steven.katona@turner.com Carol Cristiano – carol.cristiano@turner.com
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No