BMG RIGHTS MANAGEMENT (UK) LIMITED

PaymentCheck Score 2024
70Fair
3.2vs last year
#2912 in UK
#1215 in London

Company Information

Company Number
06705101
Registered Address
8th Floor 5 Merchant Square, London, W2 1AS
Status
Active
Employee Count
0
Turnover
£232,133,000
EBITDA
£45,486,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 September 2008
Nature of Business
70100 - Activities of head offices
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
44 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
70%
31-60 Days
19%
After 60 Days
11%
Not Paid Within Terms24%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-15
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202415 Jan 20254470%19%11%24%
01 Jan 2024 - 30 Jun 202417 Jul 20243963%26%11%27%
01 Jul 2023 - 31 Dec 202312 Jan 20243869%19%12%27%
01 Jan 2023 - 30 Jun 202310 Jul 20234962%21%16%28%
01 Jul 2022 - 31 Dec 202216 Jan 20235061%24%16%31%
01 Jul 2021 - 31 Dec 202124 Jan 20224460%21%19%31%
01 Jan 2021 - 30 Jun 202126 Jul 20214458%23%19%33%
01 Jul 2020 - 31 Dec 202019 Jan 20214662%25%13%21%
01 Jul 2019 - 31 Dec 201927 Jan 20204161%25%14%26%
01 Jan 2019 - 30 Jun 201904 Jul 20195451%28%21%37%
01 Jan 2018 - 30 Jun 201829 Aug 20185164%23%13%26%

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

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 information available

Any other information about payment terms

No additional information

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.

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

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.

Financial Metrics

Cash
£898,000
Net Worth
-£209,756,000
Total Current Assets
£228,625,000
Total Current Liabilities
£546,810,000

Company Location