TURNER BROADCASTING SYSTEM EUROPE LIMITED

Trend Analysis

The average time taken for TURNER BROADCASTING SYSTEM EUROPE LIMITED to pay invoices has steadily increased from 24 days in the first period (Jan 2018 - June 2018) to 43 days in the last period (July 2023 - Dec 2023). This is an overall increase of 79%. The percentage of invoices paid within 30 days has decreased from 64% to 29%, while the percentage paid after 60 days has increased from 2% to 18%. This suggests a trend towards delayed payments.

Volatility Analysis

The volatility in TURNER BROADCASTING SYSTEM EUROPE LIMITED's payment process can be seen in the fluctuation of the average time to pay, which has ranged from 24 days to 43 days. The percentage of invoices paid within 30 days and after 60 days has also varied, with the highest difference being 36% in the last period (July 2023 - Dec 2023). This suggests a lack of consistency in the company's payment practices.

Summary Analysis

In the last three periods, there has been a gradual increase in the time taken by TURNER BROADCASTING SYSTEM EUROPE LIMITED to pay invoices. The percentage of invoices paid within 30 days has decreased from 64% in Jan 2018 - June 2018 to 27% in July 2021 - Dec 2021. The percentage of invoices paid after 60 days has also increased from 2% to 5%. The best period for TURNER BROADCASTING SYSTEM EUROPE LIMITED in terms of early payment was Jan 2018 - June 2018, with 64% of invoices paid within 30 days. The worst period was July 2023 - Dec 2023, with only 29% of invoices paid within 30 days and 18% paid after 60 days.

Payment Terms

Dispute Resolution Process

Escalation process for disputed invoices Turner Broadcasting System Europe Limited Primary Requirements: Turner Broadcasting System Europe Limited (“TBSEL”) operates a purchase order policy. TBSEL reserves the right to reject invoices directly back to suppliers if, where applicable, they are not accompanied by a valid PO number. Where a PO has been issued by TBSEL, accompanying invoices should not exceed the value of the PO. Internal stakeholders raise requests for new suppliers via Procurement. Applications are filtered to determine whether existing alternatives exist, or whether tendering / benchmarking is required. A New Supplier Pack is sent to the potential provider, complete with standard MSA, banking request details, a COI and GDPR form. Suppliers are then loaded into PeopleSoft to enable POs to be raised. Where to send your invoices to: All invoices should be sent by e-mail to Turner Broadcasting System Europe accounts payable team. Our e-mail address is ap.london@turner.com For regional specific invoices please refer to the e-mail address on your purchase order. Who to Contact: For regional specific invoices please e-mail all enquiries to the contact details on your purchase order. Our standard payment terms: Our standard supplier payment terms are 60 days from date of invoice. For payment and invoice enquiries please call the accounts payable helpdesk. The helpdesk will be able to advise on all payment or invoice enquiries. Our escalation process: Any invoices that TBSEL dispute will be returned by your business point of contact with a full explanation of the dispute. This is the person who you are working with to supply goods and services to TBSEL. Any invoice or payment enquiries/disputes which are not fully resolved to your satisfaction, can, in turn, be escalated to: 1. Your business point of contact. This is the member of Turner Broadcasting that you are working with to provide the goods and services to our business. 2. The accounts payable team. The accounts payable team will escalate any invoice or payment dispute accordingly to the relevant point of contact. Contact the team at ap.london@turner.com 3. The EMEA accounts payable manager: Przemyslaw Smigielski - przemyslaw.smigielski@wbd.com

Other Payment Information