UNITED CINEMAS INTERNATIONAL (UK) LIMITED
Company number: 01732125
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 23 July 2020
and approved by Neil Williams
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 33%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 51 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Invoice disputes are managed by the business owners. If notified to accounts payable (AP), disputes are passed to the business owner and chased for resolution by the AP Team.
Suppliers can escalate to accountspayable@odeonuk.com email address, where a named administrator can be assigned.
Further escalations are available if requested by the supplier via the AP and Finance Management Team.
Communication would take place at all levels with the supplier to come to a resolution for both parties.
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