PRS FOR MUSIC LIMITED
Company Information
- Company Number
- 03444246
- Registered Address
- Goldings House, 2 Hays Lane, London, United Kingdom, SE1 2HB
- Status
- Active
- Employee Count
- 553
- Turnover
- £137,886,000
- EBITDA
- £7,392,000
Additional Details
- Website
- https://prsformusic.com
- Company Type
- Private limited Company
- Incorporated On
- 29 September 1997
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 25 Jul 2025 | 34 | 58% | 36% | 6% | 42% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 31 | 58% | 38% | 5% | 40% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 33 | 54% | 41% | 5% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 34 | 54% | 39% | 7% | 44% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 27 | 63% | 34% | 3% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 28 | 64% | 34% | 2% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 28 | 67% | 31% | 2% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 28 | 64% | 33% | 4% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 72% | 26% | 2% | 39% |
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
Standard payment terms are 30 days from date of supplier invoice. Standard payment terms for sole traders, utilities, equipment rentals, events and production vary from 0 - 30 days. Payment terms may be set less than the standard payment terms if contractually agreed.
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
45
Dispute Resolution Process
PRS for Music applies the dispute resolution process set out in the suppliers terms and conditions.
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.
❌
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?
No information available
Company Summary
PRS for Music Limited is a UK-based organization that represents the rights of over 155,000 songwriters, composers, and music publishers in the music industry. They are responsible for collecting and distributing royalties for the use of musical works in various forms, such as live performances, radio and TV broadcasts, and digital platforms.
As part of their sustainability program, PRS for Music Limited is committed to reducing their environmental impact by promoting eco-friendly initiatives within their operations. They have implemented paperless billing, energy-efficient practices, and recycling programs to reduce their carbon footprint.
The organization offers a range of products and services to its members, including licensing for the use of their musical works, collecting and distributing royalties, and providing legal and business advice. They also offer a range of online tools and resources to help their members manage their music careers and protect their copyright.
The key people at PRS for Music Limited include the CEO, Andrea C. Martin, who has over 20 years of experience in the music industry, and the Chairman, Nigel Elderton, who is a respected music publisher and songwriter. The organization also has a Board of Directors made up of industry experts and a team of dedicated staff.
Contact information for PRS for Music Limited can be found on their website, including their registered office address in London. Their website, www.prsformusic.com, also provides information on how to become a member, their services, and news and events in the music industry.
