ERICSSON TELEVISION LIMITED

Company Information

Company Number
03695535
Registered Address
2 Charlotte Place, 7th & 8th Floors, Southampton, Hampshire, United Kingdom, SO14 0TB
Status
Active
Employee Count
160
Turnover
£23,095,000
EBITDA
£2,680,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 January 1999
Nature of Business
61900 - Other telecommunications activities
Industries
Digital Entertainment, Media And Publishing
Region
South East

Time to Pay

Average Time to Pay
74 days
Shortest Period:90 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
15%
31-60 Days
25%
After 60 Days
60%
Not Paid Within Terms81%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2018 - 31 Dec 201824 Jan 20195121%49%30%9%
01 Jan 2018 - 30 Jun 201825 Jul 20185319%48%33%12%

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

Invoicing and payment shall be made in accordance with MediaKind’s instructions. A valid invoice shall at a minimum contain a reference to the PO, Seller’s name and address, and specification of the Products purchased. With deviation from what otherwise may be provided for under applicable law, it is expressly agreed that payment shall be effected within ninety (90) days from date of complete and successful delivery of the Products, including any documents, and receipt of a correct invoice. In case of delayed payment of approved invoices, the seller shall notify MediaKind thereof and MediaKind shall thereafter expedite the payment.

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

120

Dispute Resolution Process

Internal review, extended to supplier review if disputed, escalated to governance meeting if required.

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

Ericsson Television Limited is a leading company in the television industry, providing innovative and sustainable solutions to customers around the world. Headquartered in London, their products and services are used by millions of people every day.

The company is committed to sustainability and has established a comprehensive program to reduce its environmental impact. This includes using renewable energy sources, reducing waste and emissions, and implementing sustainable practices in their operations.

Ericsson Television Limited offers a wide range of products and services, including advanced broadcast and media solutions, as well as consumer devices and services. Their cutting-edge technology allows customers to access high-quality content anytime, anywhere.

The company is led by a team of experienced and knowledgeable professionals, including CEO Peter Laurin. Their team is dedicated to driving innovation and delivering the best solutions to their customers.

For more information on Ericsson Television Limited and their products and services, you can visit their website at www.ericsson.com/tv. Their registered office address is 20 Air Street, London, W1B 5AN, United Kingdom. With a strong focus on sustainability and a commitment to providing top-notch solutions, Ericsson Television Limited is a trusted and reliable leader in the television industry.

Financial Metrics

Cash
£2,262,000
Net Worth
£27,573,000
Total Current Assets
£62,202,000
Total Current Liabilities
£37,963,000

Company Location