VUE ENTERTAINMENT LIMITED
Company number: 04699504
Reporting period:
1 December 2019 to 31 May 2020
Report filed on:
30 June 2020
Approved by:
Alison Cornwell
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 49%
- in 61 days or more: 25%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 58%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
45 days
Standard payment terms
Vue Entertainment Limited agrees standard payment terms between immediate and 45 days. Suppliers are paid weekly on a Friday for invoices due for payment up to payment date.
Were there any changes to the standard payment terms in the reporting period?
No
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
In response to Covid-19 extended payment periods have been agreed with a number of suppliers and assumed within the "Invoices due but not paid within Agreed Terms" metric. It is not possible to differentiate invoices relating to Vue Entertainment Ltd from those of Ster Century (UK) Ltd and so the above filing relates to the combined entities
Dispute resolution process
Vue Entertainment Limited seeks to resolve disputes in a timely manner through discussion with the relevant supplier. Dispute resolution involves the appropriate senior manager. For Concession suppliers we place reliance on signed proof of delivery as part of resolving disputes and as agreed with suppliers. Once resolved, invoices go forward for payment in accordance with the normal supplier terms.
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 Fair 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