UK PROGRAMME DISTRIBUTION LIMITED
Company number: 03323782
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 18 April 2019
and approved by Tom Fussell
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
0 days
Standard payment terms
Invoices are paid 20 days later than the invoice is dated.
An invoice dated 1/3/19 would be paid on 21/3/19
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
20 days
Any other information about payment terms
N/A
Dispute resolution process
Vendors are directed towards the AP helpdesk manned by IBM (BBC Studios' business process outsource provider with phone/online chat/email helpdesk options available) who will investigate any disputes or complaints raised by the vendor. If resolution of their dispute or complaint is not satisfactory there is a further escalation process which suppliers can email and this will be investigated and resolved by a member of the BBC Studios Finance team.
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
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