| 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 2021 - 31 Dec 2021 | 28 Jan 2022 | 36 | 49% | 39% | 12% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 23 | 72% | 23% | 5% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 51 | 62% | 15% | 23% | 56% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 52 | 36% | 36% | 28% | 53% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 42 | 40% | 48% | 12% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 55 | 62% | 16% | 22% | 39% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 57 | 52% | 25% | 23% | 46% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 73 | 44% | 27% | 30% | 58% |
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 information available
Any other information about payment terms
Our predominant paying company is Sky UK Ltd and there is a wide disparity in the number of invoices paid through our various legal entities. Sky figures are impacted by intercompany trading within the Sky companies, particularly Sky In-home Service Limited. Our standard terms and conditions for suppliers are between 30 and 60 days from the receipt of a valid invoice. Across the companies that are held within our main supplier ledger we paid 92.9% of our invoices on time and within the agreed payment terms. We paid 30% of invoices within 30 days and 64% within 60 days. On average we paid suppliers 40.3 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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
NBC Universal Global Networks UK Limited is a UK-registered company, incorporated in 1998 and registered at Sky Central in Isleworth. Its stated business activity is television programme distribution. It forms part of the NBCUniversal group, itself a subsidiary of Comcast Corporation, which creates and distributes film, television and streaming content, and operates theme parks, consumer products and news and sports brands such as NBC, Telemundo, Bravo and Peacock. This UK entity's own role is confined to the distribution of television programming within that wider corporate structure, rather than the production, ownership or operation of the group's studios, networks or theme park destinations, which are activities of the broader NBCUniversal and Comcast group.
Generated from the company's website and Companies House records. Sources: nbcuniversal.com · nbcuniversal.com