| 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% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 14 | 93% | 7% | 0% | 7% |
This information is as reported by the business, and responses are in their own words.
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
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.
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.
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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
XL Recordings Limited is the registered UK entity behind XL Recordings, an independent record label founded in 1989 by Richard Russell, Tim Palmer and Nick Halkes. It forms part of the Beggars Group. The label signs and releases recordings by artists across genres, including Fontaines D.C., Radiohead, Adele, The Prodigy, M.I.A. and others, distributing albums, EPs and singles worldwide. It also produces related creative content such as music videos and behind-the-scenes material accompanying releases. Registered with Companies House under SIC code 59200, covering sound recording and music publishing activities, the company has been active since its 1995 incorporation and continues to issue new releases under the XL Recordings name.
Generated from the company's website and Companies House records. Sources: xlrecordings.com