ITV STUDIOS LIMITED
Company number: 03106525
Reporting period:
1 January 2021 to
30 June 2021
This report was filed on 28 July 2021
and approved by Sharjeel Suleman
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 36%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 3%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
End of month following receipt of invoice
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
No further comment provided
Any other information about payment terms
ITV partner with C2FO to offer suppliers the option of early payment. For more information please contact C2FO@itv.com
Dispute resolution process
ITV aim to resolve invoice disputes and queries as soon as possible to ensure payment to terms is not impacted. ITV have a dedicated Query Resolution Team who operate a 48 hour SLA for resolution of queries raised on suppliers invoices. For more information please contact invoiceandpaymentqueries_ptp@itv.com. For contractual disputes not specifically related to an invoice, please refer to the individual(s) who ordered the goods/services you have provided
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.
Yes, this business has signed up to: Prompt Payment Code
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