The average time taken for LIONS GATE INTERNATIONAL MEDIA LIMITED to pay invoices to suppliers has fluctuated over the past three periods. In the first period from April 2019 to September 2019, the average time taken was 52 days. This increased to 80 days in the second period from October 2019 to March 2020. However, in the third period from April 2020 to September 2020, there was a decrease to 74 days. The average time taken then increased again to 83 days in the fourth period from October 2020 to March 2021. Finally, in the most recent period from April 2021 to September 2021, there was a significant increase to 121 days.
The volatility of the average time taken for LIONS GATE INTERNATIONAL MEDIA LIMITED to pay invoices has been quite high over the past three periods. There was a 35% increase in the average time taken from the first to the second period, followed by a 7.5% decrease in the third period. However, there was a 12.2% increase in the fourth period, and a 45.9% increase in the most recent period.
In the first period from April 2019 to September 2019, LIONS GATE INTERNATIONAL MEDIA LIMITED had an average time to pay of 52 days, with 33% of invoices paid within 30 days, 22% paid between 31 and 60 days, and a high 45% paid later than 60 days. In the second period from October 2019 to March 2020, the average time taken increased to 80 days, with 50% of invoices paid within 30 days, and the remaining 50% paid later than 60 days. In the third period from April 2020 to September 2020, there was a slight improvement, with the average time taken decreasing to 74 days, and 40% of invoices paid within 30 days. However, in the fourth period from October 2020 to March 2021, there was a significant increase in the average time taken to 83 days, with no invoices paid within 30 days and 66% paid later than 60 days. Finally, in the most recent period from April 2021 to September 2021, there was a significant increase to 121 days, with only 28% of invoices paid within 30 days and a high 72% paid later than 60 days.
| 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 Apr 2021 - 30 Sept 2021 | 01 Nov 2021 | 121 | 28% | 0% | 72% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 01 May 2021 | 83 | 0% | 34% | 66% | 100% |
| 01 Apr 2020 - 30 Sept 2020 | 31 Oct 2020 | 74 | 40% | 0% | 60% | 2% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 80 | 50% | 0% | 50% | 50% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 52 | 33% | 22% | 45% | 78% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We do not use standard terms. Our most common agreed payment term for qualified contracts relating to services is due net 30 days. Our most common agreed payment term for qualified contracts relating to rights acquisitions is 30% due on contract signing and 70% due 90 days after contract signing.
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
90
We aim to resolve any disputes as soon as possible. This is achieved by contacting the applicable suppliers by email and/or phone to communicate, clarify and resolve any outstanding issues preventing payment.
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
Lions Gate International Media Limited is a UK-registered company with a listed business activity of motion picture distribution. It is part of Lionsgate, described on its own site as a diversified filmed entertainment group active in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, and interactive ventures. The UK entity operates as the UK arm of this wider group, associated with the release and distribution of Lionsgate films and titles such as The Hunger Games franchise and other theatrical and home entertainment releases in Britain. Its registered office is in London and it remains an active company on the UK register.
Generated from the company's website and Companies House records. Sources: lionsgatefilms.co.uk