The data for DREAMWORKS CLASSIC PRODUCTIONS LIMITED shows a fluctuation in the average time taken to pay invoices over the past three periods. In 2018, the average time was 27 days, which decreased to 25 days in the following period. However, in 2019, there was a slight increase to 26 days. In 2020, the average time decreased significantly to 27 days, but then increased again to 28 days in 2021. Overall, there is no clear trend in the data, as the time taken to pay invoices has been inconsistent over the past three periods.
The volatility in the data for DREAMWORKS CLASSIC PRODUCTIONS LIMITED can be seen in the changes in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. In 2019, there was a significant increase in the percentage of invoices paid later than 60 days (from 1% to 22%), and a decrease in the percentage of invoices paid within 30 days (from 88% to 67%). This shows a high level of volatility in the company's payment practices. However, in 2020, there was a complete shift, with 100% of invoices being paid within 30 days and 0% being paid later than 60 days, indicating a more stable payment pattern.
Looking at the data for DREAMWORKS CLASSIC PRODUCTIONS LIMITED over the past three periods, there has been a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2019, which could indicate a potential issue with late payments during that period. The company has shown improvement in their payment practices in 2020, with all invoices being paid within 30 days. However, there was a slight decrease in the percentage of invoices paid within 30 days in 2021, highlighting the need for continued monitoring and improvement in payment practices.
| 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 | 17 | 50% | 50% | 0% | 50% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 33 | 0% | 100% | 0% | 100% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 28 | 67% | 33% | 0% | 33% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 27 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 50 | 67% | 11% | 22% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 26 | 83% | 16% | 1% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 25 | 88% | 9% | 3% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 27 | 71% | 28% | 1% | 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 CLASSIC PRODUCTIONS LIMITED is a British animation studio, founded in 1994 and based in London. The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes using renewable energy sources, reducing waste and recycling, as well as implementing sustainable production practices. They also have a commitment to using eco-friendly materials in their products and packaging.
The company's main products and services include producing animated films, television series, and short films. They have a wide range of popular and critically acclaimed titles, such as Shrek, Kung Fu Panda, and How to Train Your Dragon.
The key people at DREAMWORKS CLASSIC PRODUCTIONS LIMITED include the founders, Steven Spielberg, Jeffrey Katzenberg, and David Geffen, as well as the current CEO, Chris deFaria.
Their website address is www.dreamworksanimation.com, where customers can find information about their products and services, as well as news and updates about upcoming projects.
The registered office address for DREAMWORKS CLASSIC PRODUCTIONS LIMITED is located at 10 Wardour Street, London, W1D 6BZ, United Kingdom. Customers can also contact the company via phone at +44 20 7479 7000 or via email at info@dreamworksanimation.com.