GOV.UK
TELEFONICA UK LIMITED
Company number: 01743099
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 27 July 2018
and approved by Patricia Cobian
Payment statistics
Average time taken to pay invoices: 78 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 32%
- in 61 days or more: 38%
Invoices due but not paid within agreed terms: 19 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
180 days
Standard payment terms
Telefonica UK Ltd adhere to the standard payment terms set by our ultimate parent company, Telefonica S.A. These range from 30 days to 180 days and are determined by category of spend. For example, 180 day payment terms are standard for capital expenditure associated with maintenance or development of our mobile network infrastructure; 30 day payment terms are standard for media advertising spend.
In addition, where a supplier is deemed to be a Small or Medium sized Entity (SME), 30 day payment terms are available upon request. A supplier is classified as an SME if it is an independent entity with an annual turnover below £50m.
Were there any changes to the standard payment terms in the reporting period?
Yes – The payment terms above were in effect from 1st May 2018. Prior to that, standard payment terms were 60 days. No changes were made retrospectively to payment terms of contracts signed before 1st May, the new terms only applied to new contracts agreed on or after this date, therefore existing suppliers were not contacted about these changes because they would not be affected.
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
180 days
180 day payment terms are standard for capital expenditure associated with maintenance or development of our mobile network infrastructure, as described above.
Any other information about payment terms
N/A
Dispute resolution process
In the event of an invoice dispute or query, suppliers are advised to contact the dedicated accounts payable team (ap.queries@o2.com) who will aim to resolve all disputes in a fair and timely manner.
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.
Yes
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