Industry ranking
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 29 | 58% | 39% | 3% | 42% |
| 01 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 34 | 58% | 36% | 6% | 42% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 34 | 48% | 43% | 9% | 51% |
| 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 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 32 | 54% | 41% | 5% | 44% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 29 | 66% | 30% | 4% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 29 | 63% | 33% | 4% | 35% |
| 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 2020 - 30 Jun 2020 | 27 Jul 2020 | 27 | 69% | 29% | 2% | 32% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
PRS for Music applies the dispute resolution process set out in the suppliers terms and conditions.
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
PRS for Music Limited is a collective management organisation representing songwriters, composers and music publishers. It tracks how and where music is used, licenses that use, and collects and distributes royalties to rightsholders on their behalf, both in the UK and internationally. The organisation, founded in 1914, is owned and governed by its members and states it represents around 190,000 songwriters, composers and publishers, holding a repertoire of 45 million musical works. It also issues licences to businesses and organisations that play or perform music, and works alongside related bodies such as MCPS. It reports paying out £1.07 billion in royalties in 2025.
Generated from the company's website and Companies House records. Sources: prsformusic.com · prsformusic.com