SONY EUROPE LIMITED's average payment time is 43 days, with a significant majority (61%) settling between 31 and 60 days. Only 30% of payments are made within 30 days, indicating a consistent trend where payments routinely exceed standard net-30 terms. This trajectory suggests suppliers should anticipate extended payment cycles rather than prompt settlement.
Payment predictability is moderate; while 61% fall within a defined 30-day window (31-60 days), a substantial 20% are consistently late. The 9% of payments exceeding 60 days introduces a degree of unreliability and elevated risk for suppliers dependent on strict payment schedules. Suppliers should anticipate potential deviations from ideal payment terms, impacting cash flow forecasting.
SONY EUROPE LIMITED exhibits a payment pattern predominantly extending beyond 30 days, requiring suppliers to adjust expectations for cash realization. Suppliers must consider the 20% late payment rate and the average 43-day payment cycle when assessing their working capital requirements. To mitigate risk, suppliers should plan for longer payment windows, potentially negotiate stricter terms, or explore early payment options.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2018 - 30 Apr 2019 | 07 May 2019 | 43 | 30% | 61% | 9% | 20% |
| 01 Apr 2018 - 30 Sept 2018 | 18 Oct 2018 | 40 | 27% | 66% | 7% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dedicated helpdesk with incident escalation management.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
This company was previously registered as Sony United Kingdom Limited before being renamed Sony Europe Limited in 2010. It was recorded under classifications covering the manufacture of consumer electronics and photographic and cinematographic equipment, alongside the wholesale of audio, video and computer equipment, reflecting its role as the UK entity for Sony's electronics and technology business. The company ceased to exist as a separate registered entity on 9 April 2019, following a cross border merger, with its assets and liabilities transferred to an overseas Sony group company at that time. It had been incorporated in September 1989 and operated from a registered office in Weybridge, Surrey.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk