BMG RIGHTS MANAGEMENT UK LIMITED
Company Information
- Company Number
- 06705101
- Registered Address
- 8th Floor 5 Merchant Square, London, W2 1AS
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 237919000.0
- EBITDA
- 31169000.0
Additional Details
- Website
- https://bmgchrysalis.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 23 September 2008
- Nature of Business
- 70100 - Activities of head offices
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 | 12 Jan 2024 | 38 | 69% | 19% | 12% | 27% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Jul 2023 | 49 | 62% | 21% | 16% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Jan 2023 | 50 | 61% | 24% | 16% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 11 Jul 2022 | 47 | 64% | 23% | 13% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 44 | 60% | 21% | 19% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 44 | 58% | 23% | 19% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 46 | 62% | 25% | 13% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 44 | 60% | 27% | 13% | 23% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 41 | 61% | 25% | 14% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 04 Jul 2019 | 54 | 51% | 28% | 21% | 37% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Jan 2019 | 26 | 65% | 22% | 13% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 29 Aug 2018 | 51 | 64% | 23% | 13% | 26% |
Company Summary
BMG RIGHTS MANAGEMENT (UK) LIMITED is a music publishing and rights management company based in London, United Kingdom
The company offers a wide range of services to artists, songwriters, and producers, managing their music rights and helping them generate income from their music
The company's sustainability program focuses on reducing their carbon footprint and promoting environmentally friendly practices
They have implemented initiatives such as using renewable energy sources, minimizing waste, and promoting eco-friendly transportation options for their employees
BMG RIGHTS MANAGEMENT (UK) LIMITED offers a variety of products and services, including music publishing, synchronization licensing, and digital distribution
They also provide creative services such as sync placement, marketing, and branding for their clients
The key people at BMG RIGHTS MANAGEMENT (UK) LIMITED include Alexi Cory-Smith, the Managing Director, and Kate Logan, the Head of Creative Licensing
They are supported by a team of experienced professionals in the music industry
The company's website address is www.bmg.com/uk and their registered office address is 95 Wigmore Street, London, W1U 1FJ, United Kingdom
In summary, BMG RIGHTS MANAGEMENT (UK) LIMITED is a leading music publishing and rights management company in the UK, providing sustainable and innovative solutions to their clients while promoting environmentally friendly practices
Their team of experts and wide range of services make them a valuable partner for artists, songwriters, and producers in the music industry
Company Review
Trend Analysis
The average time taken for BMG RIGHTS MANAGEMENT (UK) LIMITED to pay invoices has fluctuated over the past three periods, with a slight overall increase. In the first period (2018-01-01 to 2018-06-30), the average time to pay was 51 days. This decreased to 26 days in the second period (2018-07-01 to 2018-12-31), but then increased again to 54 days in the third period (2019-01-01 to 2019-06-30). In the most recent period (2023-07-01 to 2023-12-31), the average time to pay was 38 days.
Volatility Analysis
The volatility of BMG RIGHTS MANAGEMENT (UK) LIMITED's payment process has also fluctuated over the past three periods. In the first period, the percentage of invoices paid within 30 days was 64%, which decreased to 51% in the third period before increasing again to 69% in the most recent period. The percentage of invoices paid between 31 and 60 days also fluctuated, with a low of 19% in the second period and a high of 28% in the third period. The percentage of invoices paid later than 60 days has remained relatively stable, with a high of 21% in the third period and a low of 12% in the fourth period.
Summary Analysis
Overall, BMG RIGHTS MANAGEMENT (UK) LIMITED has seen an increase in the average time taken to pay invoices over the past three periods. However, there have been some improvements in the percentage of invoices paid within 30 days, with a high of 69% in the most recent period. The company has also made progress in reducing the percentage of invoices paid later than 60 days, with a low of 12% in the current period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days as BMG standard payment period, unless otherwise stated on the supplier's invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Designated accounts payable email address with a 2 day query resolution period
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
