BEIN IP LIMITED
Company number: 09055669
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
26 August 2021
Approved by:
Daniel Markham
Payment statistics
Average time taken to pay invoices: 134 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 27%
- in 61 days or more: 32%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 53%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
beIN’s standard terms are 30 days from receipt of a valid invoice and executed contract. Variations on these terms are occasionally negotiated.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
322 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
beIN commits to dealing with queries around payments and invoicing in a timely and effective manner. Queries about expected payment dates can be sent to the Finance team.
Disputes around contractual terms should be directed to the Legal team or the supplier’s point of contact at beIN.
Once disputes are resolved, payments will be escalated for immediate payment.
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 Fair 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