CABLE NEWS INTERNATIONAL LIMITED
Company number: 05001368
Reporting period:
1 January 2022 to
30 June 2022
This report was filed on 29 July 2022
and approved by Eleanor Caroline Browne
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 27%
Invoices due but not paid within agreed terms: 22%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 60 days from date of invoice. 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?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Cable News International Limited (“CNIL”) operates a purchase order policy. CNIL reserves the right to reject invoices directly back to suppliers if, where applicable, they are not accompanied by a valid PO number. Where a PO has been issued by CNIL, accompanying invoices should not exceed the value of the PO. Internal stakeholders raise requests for new suppliers via Procurement. Applications are filtered to determine whether existing alternatives exist, or whether tendering / benchmarking is required. A New Supplier Pack is sent to the potential provider, complete with standard MSA, banking request details, a COI and GDPR form. Suppliers are then loaded into PeopleSoft to enable POs to be raised. Where to send your invoices to: All invoices should be sent by e-mail to the Turner Broadcasting Systems Europe accounts payable team. Our e-mail address is ap.london@turner.com. For regional specific invoices please refer to the e-mail address on your purchase order. Who to Contact: Our telephone number is 0207 693 0602 For regional specific invoices please e-mail all enquiries to the contact details on your purchase order. Our standard payment terms: Our standard supplier payment terms are 60 days from date of invoice. For payment and invoice enquiries please call the accounts payable helpdesk. The helpdesk will be able to advise on all payment or invoice enquiries. Our escalation process: Any invoices that CNIL dispute will be returned by your business point of contact with a full explanation of the dispute. This is the person who you are working with to supply goods and services to CNIL. Any invoice or payment enquiries/disputes which are not fully resolved to your satisfaction, can, in turn, be escalated to Carol Cristiano – carol.cristiano@warnermedia.com
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, 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