TELEFONICA UK LIMITED

Company number: 01743099

Reporting period:
1 July 2023 to 31 December 2023

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This report was filed on 30 January 2024

and approved by PATRICIA COBIAN

Payment statistics

Average time taken to pay invoices: 111 days

Invoices paid:

• within 30 days: 13%
• in 31 to 60 days: 18%
• in 61 days or more: 69%

Invoices due but not paid within agreed terms: 5%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

180 days

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?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

180 days

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

N/A

Dispute resolution process

In the event of an invoice dispute or query, suppliers are advised to contact the dedicated accounts payable team (ap.queries@o2.com) 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.

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.

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.

Yes

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