TELEFONICA UK LIMITED
Company number: 01743099
1 July 2022
to 31 December 2022
This report was filed on 27 January 2023
and approved by PATRICIA COBIAN
Average time taken to pay invoices: 109 days
- within 30 days: 15%
- in 31 to 60 days: 17%
- in 61 days or more: 68%
Invoices due but not paid within agreed terms: 4 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Telefonica UK adhere to payment terms ranging from 30 days to 180 days and are determined by category of spend. For example, 180 day payment terms are standard for capital expenditure associated with maintenance or development of our mobile network infrastructure; 30 day payment terms are standard for media advertising spend.
In addition, where a supplier is deemed to be a Small or Medium sized Entity (SME), 30 day payment terms are available upon request. A supplier can apply to be considered an SME by Telefonica UK if it meets 2 of 3 criteria, those being i. <£36m turnover, <£18m balance sheet, <250 employees.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
180 days payment terms are standard for capital expenditure associated with maintenance or development of our mobile network infrastructure, as described above.
Any other information about payment terms
Dispute resolution process
In the event of an invoice dispute or query, suppliers are advised to contact the dedicated accounts payable team (firstname.lastname@example.org) who will aim to resolve all disputes in a fair and timely manner.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?