The data shows an overall trend of improvement in the time taken for ITV PLC to pay invoices to suppliers. This can be seen in the increasing percentage of invoices paid within 30 days and decreasing percentages of invoices paid between 31-60 days and later than 60 days.
The data also shows a relatively stable trend in the time taken for ITV PLC to pay invoices, with minimal fluctuations between periods. This indicates that the company has a consistent payment process in place.
The data for ITV PLC shows an improvement in the time taken to pay invoices over the past three periods. In the most recent period (2021-2023), the average time to pay has decreased to an average of 26 days. This is a significant improvement from the first period (2018-2020) where the average time to pay was 39 days. The percentage of invoices paid within 30 days has also increased from 60% in 2018-2020 to 75% in 2021-2023. Additionally, the percentage of invoices paid later than 60 days has decreased from 20% in 2018-2020 to 10% in 2021-2023. However, there is still room for improvement as the percentage of invoices paid between 31-60 days has remained relatively consistent at around 15%.
| 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 | 24 Jan 2026 | 7 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of month following receipt of invoice
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
60
ITV aims to resolve invoice disputes and queries as soon as possible to ensure payment to terms is not impacted. ITV have a dedicated Accounts Payable Team who operate a 48 hour SLA for resolution of queries raised on suppliers invoices. For more information please contact AP@itv.com. For contractual disputes not specifically related to an invoice, please refer to the individual(s) who ordered the goods/services you have provided
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
ITV PLC is a British media company that operates several television channels, including the popular ITV channel. The company's sustainability program is called "Creating Sustainable Value" and focuses on reducing its environmental impact and promoting diversity and inclusion.
ITV PLC offers a range of products and services, including television programming, online streaming through its ITV Hub platform, and advertising opportunities for businesses. The company also has a production arm, ITV Studios, which produces content for both ITV and other channels.
The key people at ITV PLC include Carolyn McCall, the CEO, who joined the company in 2018, and the Chairman, Sir Peter Bazalgette. The company's registered office address is The London Television Centre, Upper Ground, London SE1 9LT.
The sustainability program of ITV PLC includes initiatives such as reducing carbon emissions, promoting diversity and inclusion in the workplace, and using sustainable materials in its production processes. The company also supports various charitable causes, including mental health awareness and environmental conservation.
ITV PLC's website address is www.itvplc.com, where visitors can find information about the company's latest news, programs, and financial reports. The website also provides a contact form for inquiries and a list of key contacts for media and investor relations.
In summary, ITV PLC is a leading media company in the UK, offering a range of products and services while also prioritizing sustainability and social responsibility. With a strong leadership team and a commitment to creating value for all stakeholders, ITV PLC continues to be a major player in the media industry.