The data shows a fluctuating trend in the average time taken for DREAMWORKS ANIMATION UK LIMITED to pay its invoices to suppliers. Starting at 38 days in the first period, the average time increased to 61 days in the second period before decreasing to 45 days in the third period. However, it spiked to 130 days in the fourth period, showing a significant delay in payment. This trend indicates an inconsistent pattern in the company's payment process, with periods of improvement followed by periods of regression.
The data also highlights a high level of volatility in the company's payment process, with a significant increase in the percentage of invoices paid later than 60 days in the fourth period. This indicates a lack of consistency and stability in the company's payment practices, which can have a negative impact on its suppliers.
In the last three periods, DREAMWORKS ANIMATION UK LIMITED has shown mixed results in its payment practices. While there was an improvement in the average time taken to pay invoices in the third period, it regressed in the fourth period with a significant delay. The company also showed a decline in the percentage of invoices paid within 30 days, and an increase in the percentage of invoices paid later than 60 days, indicating a less timely payment process.
| 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 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 130 | 51% | 15% | 34% | 59% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 45 | 50% | 31% | 19% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 61 | 68% | 14% | 19% | 32% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 38 | 61% | 31% | 8% | 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 net 30 days, from date of invoice.
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
DREAMWORKS ANIMATION UK LIMITED is a leading animation studio in the United Kingdom. They are known for producing high-quality animated films and TV shows, such as the popular Shrek and Kung Fu Panda franchises.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program in place for their production materials and strive to use sustainable materials in their merchandise and packaging.
In terms of products and services, DREAMWORKS ANIMATION UK LIMITED offers a wide range of entertainment options for all ages. They produce animated films, TV shows, and online content, as well as licensed merchandise and theme park attractions.
The key people at DREAMWORKS ANIMATION UK LIMITED include their CEO, Jeffrey Katzenberg, and their Chief Creative Officer, Bill Damaschke. They are both highly experienced and have a strong vision for the company's future.
For more information on their products and services, customers can visit their website at www.dreamworksanimation.com. The registered office address for DREAMWORKS ANIMATION UK LIMITED is 3 Soho Square, London, W1D 3HD, United Kingdom.