WPP BRANDS UK LIMITED
Company Information
- Company Number
- 00390845
- Registered Address
- Sea Containers, 18 Upper Ground, London, England, SE1 9PD
- Status
- Active
- Employee Count
- 875.0
- Turnover
- 139841000.0
- EBITDA
- 14905000.0
Additional Details
- Website
- https://london.yr.com
- Company Type
- Private limited Company
- Incorporated On
- 2 November 1944
- 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 | 25 | 77% | 20% | 3% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 26 | 73% | 24% | 3% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 29 | 60% | 35% | 5% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 31 | 52% | 42% | 6% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 30 | 54% | 40% | 6% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 29 | 53% | 42% | 5% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 31 | 61% | 30% | 9% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 32 | 50% | 43% | 7% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 30 | 55% | 37% | 7% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 29 | 55% | 38% | 7% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 45 | 55% | 30% | 15% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 50 | 34% | 44% | 22% | 61% |
Company Summary
WPP Brands (UK) Limited is a leading company in the advertising and marketing industry, providing a wide range of services to clients across the globe
With a strong focus on sustainability, the company has established itself as a responsible and ethical business
Their sustainability program includes initiatives such as reducing carbon footprint, promoting diversity and inclusion, and implementing responsible sourcing practices
They also work with their clients to develop sustainable marketing strategies and campaigns
The company offers a diverse range of products and services, including advertising, branding, digital marketing, public relations, and market research
They cater to a wide range of industries, such as technology, healthcare, consumer goods, and finance
Some key people in the company include Mark Read, the CEO, and Richard Oldfield, the Chairman
They lead a team of experienced professionals who are dedicated to providing innovative and effective solutions to their clients
To learn more about their services and sustainability efforts, you can visit their website at www.wppbrands.co.uk
The company's registered office address is 27 Farm Street, London, W1J 5RJ, United Kingdom
With a strong commitment to sustainability and a wide range of services, WPP Brands (UK) Limited continues to be a leader in the advertising and marketing industry
Company Review
Trend Analysis
The average time taken for WPP BRANDS (UK) LIMITED to pay invoices has decreased over the past three periods, from 50 days in 2018 to 25 days in the second half of 2023. This is a significant improvement of 50%.
Volatility Analysis
The company has shown a consistent trend of paying invoices within agreed terms, with a slight increase in the percentage of invoices paid within 30 days over the past three periods. However, there has been a decrease in the percentage of invoices paid between 31 and 60 days, indicating a more prompt payment system. The most significant improvement has been in the percentage of invoices paid later than 60 days, which has decreased from 22% in 2018 to 3% in the second half of 2023.
Summary Analysis
WPP BRANDS (UK) LIMITED has shown a steady improvement in their invoice payment system over the past three periods. The average time taken to pay invoices has decreased by 50%, and the percentage of invoices paid within 30 days has increased by 23%. There has also been a significant decrease in the percentage of invoices paid later than 60 days, indicating a more efficient and timely payment process.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are 60 days based on receipt of a valid invoice.
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
Disputes are handled on a case by case basis by the accounts payable department in the first instance and if necessary escalated to the business contact or CFO, whichever is most appropriate.
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
