GOV.UK
SKY TELECOMMUNICATIONS SERVICES LIMITED
Company number: 02883980
Reporting period:
1 July 2017
to 31 December 2017
This report was filed on 30 January 2018
and approved by Colin Jones
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 63%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 49 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
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
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
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.
Dispute resolution process
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.
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 – 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.
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