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UNITED CINEMAS INTERNATIONAL (UK) LIMITED

Company number: 01732125

Reporting period:
1 January 2023 to 30 June 2023

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This information is as reported by the business, and responses are in their own words.

This report was filed on 20 July 2023

and approved by Neil Williams

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 58%
• in 31 to 60 days: 36%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 39 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

30 days

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

N/A

Dispute resolution process

Invoice disputes are managed by the business owner.
If notified to the AP team, invoice disputes are passed to the business owner and chased for resolution where needed. Suppliers can escalate to accountspayable@odeonuk.com. where a named contact in AP can be assigned to support if needed.
Further escalation routes are available if requested by the supplier via the AP and Finance management team.
Communication would take place at all levels to come to a resolution for both parties.

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.

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