Registration Number
02906991
Registered Address
Grant Way Isleworth Middlesex TW7 5QD
Company Status
Active
Employee Count
9528
Turnover
£10,204,000,000
EBITDA
£189,000,000
Website
broadband-experts.co.uk/Company Type
Private limited Company
Incorporated on
10 March 1994
Nature of Business (SIC)
59113 - Television programme production activities
61900 - Other telecommunications activities
82990 - Other business support service activities not elsewhere classified
Industries
Films and TV
Region
London£212,000,000
£383,000,000
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
36 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Not Paid Within Terms
7%
| 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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 36 | 46% | 51% | 3% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 36 | 45% | 53% | 3% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 35 | 48% | 49% | 3% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 37 | 42% | 55% | 3% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 38 | 40% | 56% | 5% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 39 | 37% | 56% | 7% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 43 | 35% | 55% | 10% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 42 | 34% | 56% | 10% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 41 | 34% | 56% | 10% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 41 | 35% | 55% | 10% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 39 | 31% | 61% | 8% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 40 | 27% | 65% | 8% | 17% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 39 | 32% | 61% | 7% | 47% |
SKY UK LIMITED is a leading telecommunications company in the United Kingdom, offering a range of services such as TV, broadband, and mobile services
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
One of the key sustainability programs at SKY UK LIMITED is their Green Team, which works to reduce the company's carbon footprint and promote energy efficiency
They have also set ambitious targets to reduce their carbon emissions and have achieved a 46% reduction since 2008
In terms of products and services, SKY UK LIMITED offers a variety of options for customers, including different TV packages, broadband speeds, and mobile plans
They also have a recycling program where customers can return their old set-top boxes and satellite equipment for proper disposal
The company is led by CEO Stephen van Rooyen, who has been in the role since 2018
Other key people include Chief Operating Officer Patrick Behar, Chief Financial Officer Andrew Griffith, and Chief Marketing Officer Luke Bradley-Jones
For more information on SKY UK LIMITED, their website is www.sky.com
Their registered office address is Grant Way, Isleworth, Middlesex, TW7 5QD, United Kingdom
The data shows that from 2018 to 2023, there was a gradual increase in the average time taken for SKY UK LIMITED to pay invoices to suppliers. However, in the last two periods (2022-2023), there was a slight decrease in the average time to pay, indicating a possible improvement in payment efficiency.
The volatility of SKY UK LIMITED's payment behavior can be seen in the fluctuation of the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. This shows that there have been periods where the company consistently paid invoices within 30 days, but also periods where the percentage of invoices paid later than 60 days was high. This indicates a lack of consistency in payment practices.
From 2017 to 2023, SKY UK LIMITED's average time to pay invoices increased from 39 to 36 days. This is a 8% increase over the three periods analyzed (2017-2020). However, there was a slight improvement in the last two periods (2022-2023) with a 2% decrease in the average time to pay.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are between 30 and 60 days from the receipt of a valid invoice. On receipt of a valid invoice these invoices are included in a weekly payment run as they fall due.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Across the companies that are held within our main supplier ledger we paid 92.7% of our invoices on time and within the agreed payment terms. We paid 38.4% of invoices within 30 days and 57.5% within 60 days. On average we paid suppliers 38.2 days from receipt of invoice to funds into suppliers’ bank accounts.
Maximum contractual payment period agreed
60
At Sky, we aim to resolve disputes or queries regarding invoices and payment as quickly as possible. Should you have a query regarding the expected payment date of an invoice, you can contact our Accounts Payable helpdesk who will be able to advise further at the following address aphelpdesk@sky.uk. For contractual disputes, not necessarily related to payment date enquiries, you should follow the procedure contractually agreed and, if none, then please contact the individual(s) who ordered the goods or services you have provided. When an invoice dispute is received, it should if possible be resolved at point of contact with the Accounts payable team. If this is not possible, the query will be escalated to the business contact and a relevant senior finance contact. When resolved, the invoice will be available for payment on the next standard payment run.
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.
❌
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.
✅
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
❌
