Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for E ENTERTAINMENT UK LIMITED to pay invoices has fluctuated over the past three periods, with an initial increase from 38 days in 2018 to 45 days in 2020, followed by a decrease to 33 days in 2021. This indicates that the company has been able to improve its payment efficiency in recent years.
The volatility of E ENTERTAINMENT UK LIMITED's payment patterns can be seen in the percentage of invoices paid within 30 days, which has ranged from 43% to 82% over the past three periods. This shows that the company has experienced significant changes in its payment behavior, with a peak in 2020 and a decrease in 2021.
From 2018 to 2021, E ENTERTAINMENT UK LIMITED has shown improvement in its payment efficiency, with a decrease in the average time to pay invoices from 38 days to 33 days. This is supported by an increase in the percentage of invoices paid within 30 days from 56% to 82%. However, there has been an increase in the percentage of invoices paid later than 60 days from 11% to 67%, indicating a potential issue with delayed payments.
| 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 2023 - 31 Dec 2023 | 31 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 140 | 33% | 0% | 67% | 100% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 39 | 43% | 57% | 0% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 33 | 82% | 9% | 9% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 45 | 45% | 27% | 27% | 41% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 43 | 48% | 39% | 13% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 31 | 69% | 28% | 3% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 30 | 71% | 24% | 5% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 38 | 56% | 33% | 11% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most common payment terms of invoices paid in the period are based on contractual agreement.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Vendors classified as Freelancer are assign 14 days as payment terms.
Maximum contractual payment period agreed
30
Disputes are resolved with the claimant by negotiation involving the business, accounts payable and NBCU Business lead counsel, and if required litigation counsel will be contacted.
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
E ENTERTAINMENT UK LIMITED is a dissolved private limited company, incorporated on 24 December 2002, based in the London region. Registered business activity: Television programme distribution activities.
From Companies House records.