STUDIOCANAL LIMITED
Company number: 03647235
Reporting period:
1 July 2020 to
31 December 2020
This report was filed on 9 February 2021
and approved by Nathan Goodman
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 15%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 29%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are 30 days but there are exceptions as per below commentary.
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
60 days
With one of our suppliers, as per our contract, invoices received each month are to be paid by the end of the following month. Licensing rights/intellectual property rights are paid upon fulfillment of contractual terms which could be onwards of 2 years.
Any other information about payment terms
N/A
Dispute resolution process
Our most common disputes relate to issues with purchase orders, normally due to vendors not including this information on their invoice, or quoting incorrect purchase order numbers. The standard procedure to resolve this would be reverting to the supplier and requesting a valid purchase order number.
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