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BEIN IP LIMITED

Company number: 09055669

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 26 August 2021

and 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%

Invoices due but not paid within agreed terms: 53 %

Payment terms

Standard payment period for qualifying contracts

30 days

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

Maximum contractual payment period agreed

322 days

Any other information about payment terms

N/A

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 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