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TAKE-TWO INTERACTIVE SOFTWARE UK LIMITED

Company number: 09554939

Reporting period:
1 October 2020 to 31 March 2021

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This information is as reported by the business, and responses are in their own words.

This report was filed on 16 April 2021

and approved by ANDREW WOOD

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 43%
• in 31 to 60 days: 49%
• in 61 days or more: 7%

Invoices due but not paid within agreed terms: 8 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

The standard payment terms are 45 days or 60 days from date of supplier invoice. Payment terms may be set less than the standard payment terms if contractually agreed.

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

Every effort is made to ensure that in the event an invoice is disputed, resolution is sought prior to the invoice being due for payment. Should this not be possible and payment is impacted, suppliers are kept up to date on the progress of the invoice when queried and once resolved payment processed on the next applicable run.

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