Company number: 02906991
and approved by Andrew Griffith
Average time taken to pay invoices: 39 days
Invoices paid:
Invoices due but not paid within agreed terms: 47%
30 days
60 days
Our standard terms are between 30 and 60 days from the receipt of a valid invoice. On receipt of a valid invoice these invoices are included in a weekly payment run as they fall due
Answer not provided
N/A
60 days
No further comment provided
Our predominant paying company is Sky UK Ltd and there is a wide disparity in the number of invoices paid through our various legal entities. Sky figures are impacted by significant intercompany trading within the Sky companies, particularly Sky In-home Service Limited and Sky CP Limited. Our standard terms and conditions for suppliers are between 30 and 60 days from the receipt of a valid invoice, with a Sky Uk Ltd time to pay of 39 days. We pay 32% of invoices within 30 days and 93% within 60 days. Sky is proud to support over 2,000 smaller suppliers, and our policy is for smaller suppliers to be on 30 day terms or less (on average we pay them in 32 days). Our large multi-national suppliers are appropriately on longer terms. For many years Sky has operated a weekly mid-week payment run, meaning some suppliers may receive payment either 1 or 2 working days before or after the stated due date. Excluding this common practice halves our Group average percentage of invoices due not paid.
At Sky, we aim to resolve disputes or queries regarding invoices and payment as quickly as possible. Should you have a query regarding the expected payment date of an invoice, you can contact our Accounts Payable helpdesk who will be able to advise further at the following address aphelpdesk@sky.uk For contractual disputes, not necessarily related to payment date enquiries, you should follow the procedure contractually agreed and, if none, then please contact the individual(s) who ordered the goods or services you have provided When an invoice dispute is received, it should if possible be resolved at point of contact with the Accounts payable team. If this is not possible, the query will be escalated to the business contact and a relevant senior finance contact if necessary. When resolved, the invoice will be available for payment on the next standard payment run.
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
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No