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WARNER BROS. ENTERTAINMENT UK LIMITED

Company number: 00259661

Reporting period:
1 January 2021 to 30 June 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 30 July 2021

and approved by Robert James Friend

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

• within 30 days: 34%
• in 31 to 60 days: 55%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 14 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

The company’s standard terms and conditions provide for payment to be made within sixty (60) days of the later of the date: (a) on which the company receives supplier's invoice; or (b) the goods are accepted or the performance of the services is completed.

Notwithstanding the standard payment terms described above, the company may agree different payment terms with individual suppliers on a case-by-case basis and as appropriate. Shorter payment terms than the standard have been agreed with respect to various contracts within the reporting period.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

The company's goal is to resolve disputes fairly, quickly and amicably, and suppliers are encouraged to communicate with their usual business contact(s) in respect of any concerns as a first step.

Disputes in respect of a contract that cannot be resolved through discussion between the company and a supplier as above are, under the company’s standard terms and conditions, ultimately subject to the jurisdiction of the English courts.

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.

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