GOV.UK
CLICK ENTERTAINMENT LIMITED
Company number: 06839872
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 25 April 2019
and approved by Anders Andresen
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 10%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 50 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
45 days
Standard payment terms
The business doesn't have standard terms and the most frequently used payments terms vary widely based on several factors such as the supplier's financial circumstances, supplier's payment policies, the history of the relationship with the supplier, the nature of the goods being purchased and the global location of the supplier. The most frequent payment terms are 30 days net or less and frequently the business is required to make payment upon receipt of goods (within 1-5 days of invoice date).
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
As the business only employs 50-60 people, most disputes are handled on a case by case basis without reference to a formal process. If a particular member of the purchasing team or chief operating officer happens to have the familiar relationship with a supplier then they will usually handle any dispute direct, involving the accounts team and any other relevant departments where necessary.
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.
Yes
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