UNIVERSAL PICTURES PRODUCTIONS LIMITED

Company number: 00947098

Reporting period:
1 January 2023 to 30 June 2023

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This report was filed on 31 July 2023

and approved by Shannon Nahar

Payment statistics

Average time taken to pay invoices: 104 days

Invoices paid:

• within 30 days: 37%
• in 31 to 60 days: 37%
• in 61 days or more: 25%

Invoices due but not paid within agreed terms: 89%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

75 days

Standard payment terms

The most common payment terms of invoices paid in the period are net 30 days, from date of invoice.

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

30 days

Vendors that are classified as Freelancer are assign 14 days as payment terms.

Any other information about payment terms

Royalties vendors are assigned 30 days but payment is subject to contractual dates hence affecting the average days.

Dispute resolution process

Disputes are resolved with the claimant by negotiation involving the business, accounts payable and NBCU Business lead counsel, and if required litigation counsel will be contacted.

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