Industry ranking
The average time to pay for TWITCH UK LIMITED has decreased steadily over the past three periods, from 51 days to 30 days. This is a significant improvement of 41.2%. Additionally, there has been a noticeable increase in the percentage of invoices paid within 30 days, from 43% to 62%, indicating a stronger commitment to timely payments.
The company's volatility in terms of invoice payment has also decreased over the past three periods. The percentage of invoices paid later than 60 days has decreased by 75%, from 12% to 3%, and the percentage of invoices not paid within agreed terms has also decreased by 66.7%, from 9% to 3%. This suggests that TWITCH UK LIMITED has become more consistent in their payment practices.
From Jan 2020 to Jun 2021, TWITCH UK LIMITED has made significant improvements in their payment practices. The average time to pay has decreased by 41.2% and the percentage of invoices paid within 30 days has increased by 19%. The company has also become more consistent in their payment practices, with a decrease in the percentage of late payments and payments not made within agreed terms. However, in the last period (Jul 2023 to Dec 2023), there was a slight increase in the percentage of invoices paid later than 60 days, indicating a potential need for improvement in this area.
| 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 | 30 Jan 2024 | 34 | 52% | 48% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 42 | 62% | 35% | 3% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 41 | 60% | 35% | 5% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 28 | 64% | 34% | 2% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 28 | 68% | 29% | 3% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 30 | 62% | 37% | 1% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Sept 2021 | 42 | 52% | 41% | 7% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 38 | 55% | 41% | 4% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 51 | 43% | 45% | 12% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Sept 2021 | 63 | 40% | 44% | 16% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business’ standard payment terms for all new suppliers is 60 days from the date that an invoice is received. In special circumstances or due to legacy agreements, the contractual length of time may vary from this.
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
Amazon actively seeks to resolve disputes through open and honest communication between the supplier, and the Amazon Accounts Payable, Procurement or Business teams responsible for the relationship with the supplier. This involves proactive email and/or phone communication with the supplier. Should this fail, disputes are escalated to the relevant Business Leader and Finance Director.
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
Twitch UK Limited is a UK-registered entity linked to Twitch, the interactive livestreaming service for content spanning gaming, entertainment, sports and music, described as part of the Amazon family of services. The registered company, incorporated in 2016 and based in London, is classified under other business support services, reflecting its role within the wider Twitch and Amazon corporate group rather than as an independent operating platform. Twitch itself operates as a livestreaming platform where users broadcast and view live video content across categories such as gaming, chat and esports, with viewers able to follow channels, watch live streams and interact with broadcasters through chat and other features.
Generated from the company's website and Companies House records. Sources: twitch.tv