SAATCHI SAATCHI GROUP LTD
Company Information
- Company Number
- 00231824
- Registered Address
- 1st Floor, 2 Television Centre, 101 Wood Lane, London, England, W12 7FR
- Status
- Active
- Employee Count
- 370.0
- Turnover
- 57453000.0
- EBITDA
- 10573000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 July 1928
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 | 37 | 63% | 29% | 8% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 38 | 58% | 35% | 8% | 51% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 37 | 62% | 28% | 10% | 48% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 38 | 70% | 19% | 10% | 35% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 35 | 67% | 26% | 7% | 49% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Jul 2021 | 42 | 64% | 26% | 10% | 51% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Jan 2021 | 37 | 66% | 24% | 10% | 51% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 45 | 67% | 19% | 14% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 45 | 64% | 23% | 13% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 61 | 49% | 34% | 17% | 49% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 48 | 59% | 23% | 18% | 64% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 31 | 63% | 30% | 6% | 54% |
Company Summary
SAATCHI & SAATCHI GROUP LTD is a global advertising and marketing agency based in London, UK
The company was founded in 1970 by brothers Maurice and Charles Saatchi and has since grown to become one of the largest and most influential advertising agencies in the world
The company offers a wide range of services including advertising, branding, digital marketing, and communications strategy
Their clients include some of the biggest brands in the world, such as Procter & Gamble, Toyota, and Visa
SAATCHI & SAATCHI GROUP LTD is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have a sustainability program in place that focuses on reducing energy consumption, decreasing waste, and promoting sustainable practices across their global offices
In terms of products and services, SAATCHI & SAATCHI GROUP LTD offers a diverse range of creative solutions for their clients
They specialize in creating impactful and innovative campaigns that help brands stand out in the crowded advertising landscape
Some key people within the company include CEO Magnus Djaba, Chief Creative Officer Kate Stanners, and Global President Justin Billingsley
For more information on SAATCHI & SAATCHI GROUP LTD, their website address is www.saatchi.com
Their registered office address is 40 Chancery Lane, London WC2A 1JA, United Kingdom
Company Review
Trend Analysis
The data shows a general trend of improvement in the average time taken for SAATCHI & SAATCHI GROUP LTD to pay invoices to suppliers. From 2018 to 2023, the average time to pay has decreased from 31 days to 37 days, indicating a more timely payment process. This trend is also reflected in the increasing percentage of invoices paid within 30 days, from 63% in 2018 to 63% in 2023.
Volatility Analysis
The data also shows volatility in the percentage of invoices paid between 31 and 60 days and later than 60 days. In 2018, 30% of invoices were paid later than 60 days, but this decreased to 8% in 2023. However, there were fluctuations in between, with a high of 17% in 2019 and a low of 7% in 2021. This indicates that while there has been improvement overall, there have been periods where the company struggled to pay invoices within the agreed terms.
Summary Analysis
Looking at the data from the past three periods (2021-2023), there has been a slight decrease in the average time taken to pay invoices, from 38 days in 2021 to 37 days in 2023. This is reflected in the increase in the percentage of invoices paid within 30 days, from 64% in 2021 to 63% in 2023. However, there has also been an increase in the percentage of invoices paid between 31 and 60 days, from 26% in 2021 to 29% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The supplier shall invoice the Company at the invoicing address set out on the purchase order and the Company’s terms of payment shall be 60 days following receipt of a valid invoice quoting the correct purchase order and job numbers for Goods and/or Materials delivered and/or Services performed to the Company’s reasonable satisfaction. The Company may set off against any sums due to the supplier whether under contract or otherwise any lawful set-off, counterclaim to which the Company may at any time be entitled. Agencies are able to amend the standard payment terms for their business needs, within the Vendor Master Data File.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable Team via our automatic ticketing support service, RVIC at the following link https://www.resourcesvendoric.com. The Accounts Payable department will then assist further with query and if applicable this may be escalated to the legal team.
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.
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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
