XL RECORDINGS LIMITED
Company Information
- Company Number
- 03126277
- Registered Address
- 17/19 Alma Road, London, SW18 1AA
- Status
- Active
- Employee Count
- 38
- Turnover
- £53,847,000
- EBITDA
- £12,847,000
Additional Details
- Website
- https://xlrecordings.com/
- Company Type
- Private limited Company
- Incorporated On
- 15 November 1995
- Nature of Business
- 59200 - Sound recording and music publishing activities
- Industries
- Creative,Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 15 | 95% | 4% | 1% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 18 | 90% | 9% | 1% | 10% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Net 30 is our standard which means 30 days from the day we receive the invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
There are approval tiers and, if there is a dispute or query, it is dealt with the primary contact with the vendor through phone or e-mail correspondence. These are dealt with as soon as they occur. Either the payment is made or the invoice is altered or credited.
Other Payment Information
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
XL Recordings Limited is a British independent record label that was founded in 1989 by Tim Palmer, Richard Russell and Nick Halkes. The company's registered office address is in London, England.
The label focuses on signing and promoting music artists from a variety of genres, including electronic, hip-hop, and alternative. Some of their most successful artists include Adele, The Prodigy, and Radiohead.
XL Recordings is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have partnered with organizations such as Julie's Bicycle to measure and reduce their carbon footprint, and they have also implemented recycling and energy conservation practices in their offices and studios.
In addition to their sustainability efforts, XL Recordings offers a range of products and services to support their artists. This includes recording and production facilities, marketing and promotional support, and distribution services. They also curate and release music compilations and soundtracks.
The key people at XL Recordings include founder and CEO, Richard Russell, who has been with the company since its inception, and label manager, Beggars Group founder, Martin Mills. The label also has a team of experienced A&R representatives who work closely with artists to develop and promote their music.
For more information on XL Recordings and their services, products, and sustainability program, you can visit their website at xlrecordings.com. Their registered office address is XL Recordings Limited, 17-19 Alma Road, London, SW18 1AA, United Kingdom.
