GOV.UK
STER CENTURY (UK) LIMITED
Company number: 03347110
Reporting period:
1 June 2020
to 30 November 2020
This report was filed on 22 December 2020
and approved by Alison Cornwell
Payment statistics
Average time taken to pay invoices: 87 days
Invoices paid:
- within 30 days: 4%
- in 31 to 60 days: 57%
- in 61 days or more: 39%
Invoices due but not paid within agreed terms: 74 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
45 days
Standard payment terms
"All suppliers relating to UK operations of Ster Century (UK) Limited are contracted and agreed via Vue Entertainment Ltd. Standard payment terms are agreed 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
Maximum contractual payment period agreed
45 days
Any other information about payment terms
It is not possible to differentiate payment practices relating to Ster Century (UK) Ltd from those of Vue Entertainment Ltd and so the data above relates to the combined entities.
Dispute resolution process
"Ster Century (UK) 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 agreed 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 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