GOV.UK
ENTERTAINMENT ONE UK LIMITED
Company number: 02989602
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 31 October 2018
and approved by Edward Parry
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 19%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 41 %
Payment terms
Shortest standard payment period
60 days
Longest standard payment period
90 days
Standard payment terms
60 days net end of month. This means we will pay at the end of the month after 60 days from the date of the invoice. For invoices that are payable on receipt we will make payments as soon as possible.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
Some payments are made contractually in installments, but against a single invoice. Therefore payments on occasion may appear delayed, but are in fact in line with an agreed contract.
Dispute resolution process
A query relating to an unpaid invoice should initially be emailed to UKAccountsPayable@entonegroup.com. The Accounts Payable (AP) team will investigate the reason for non-payment of the invoice and try to resolve the issue. Eg, an invoice may not have been received, or is incorrectly addressed. Other delays maybe due to differences between the Purchase Order approved and invoice received.
If the AP team are not able to resolve the dispute, they will revert to the PO raiser and find out the correct goods or services that were received, and thus should be paid. If resolution is still not reached, the AP team and PO Approver will revert to the Financial Controller for a fair and timely decision.
The aim of the Department is to resolve disputes quickly and fairly.
It should be noted that for invoices paid after the due date, these relate to items under dispute, or where payment terms are made in contractual installments, against a single invoice.
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.
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