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NBC UNIVERSAL GLOBAL NETWORKS UK LIMITED

Company number: 03522943

Reporting period:
1 January 2019 to 30 June 2019


This information is as reported by the business, and responses are in their own words.

This report was filed on 30 July 2019

and approved by Colin Smith

Payment statistics

Average time taken to pay invoices: 55 days

Invoices paid:

  • within 30 days: 62%
  • in 31 to 60 days: 16%
  • in 61 days or more: 22%

Invoices due but not paid within agreed terms: 39%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

90 days

Standard payment terms

Our standard terms are between 1 and 90 days. The most common payment terms are net 30 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

30 days

The most common payment terms of invoices paid in the period are net 30 days, from date of invoice.

Any other information about payment terms

Vendors classified as Freelancer are assign 14 days as payment terms. On the 1st July 2019, the company was ultimately acquired by Sky UK Limited and the report being filed covers the period during which the company was still controlled by NBC Universal International Networks Holdings Limited.

Dispute resolution process

Prior to 1st July 2019, disputes were resolved with the claimant by negotiation involving the business, accounts payable and NBCU Business lead counsel, and if required litigation counsel will be contacted. On the 1st July 2019, the company was ultimately acquired by Sky UK Limited and the report being filed covers the period during which the company was still controlled by NBC Universal International Networks Holdings Limited. From the 1st July 2019 Sky's standard dispute resolution process will apply. At Sky, we aim to resolve disputes or queries regarding invoices and payment as quickly as possible. Should you have a query regarding the expected payment date of an invoice, you can contact our Accounts Payable helpdesk who will be able to advise further at the following address aphelpdesk@sky.uk. For contractual disputes, not necessarily related to payment date enquiries, you should follow the procedure contractually agreed and, if none, then please contact the individual(s) who ordered the goods or services you have provided. When an invoice dispute is received, it should if possible be resolved at point of contact with the Accounts payable team. If this is not possible, the query will be escalated to the business contact and a relevant senior finance contact. When resolved, the invoice will be available for payment on the next standard payment run.

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