GREY ADVERTISING LIMITED
Company Information
- Company Number
- 00539916
- Registered Address
- Rose Court, 2 Southwark Bridge Road, London, England, SE1 9HS
- Status
- Active
- Employee Count
- 180.0
- Turnover
- 21789000.0
- EBITDA
- 243000.0
Additional Details
- Website
- https://darkgreyltd.com/
- Company Type
- Private limited Company
- Incorporated On
- 30 October 1954
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services,Property,Infrastructure And Construction
- 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 | 29 | 57% | 39% | 4% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 36 | 56% | 38% | 6% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 32 | 52% | 41% | 7% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 33 | 48% | 46% | 6% | 24% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 32 | 51% | 42% | 7% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 36 | 35% | 58% | 5% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 34 | 48% | 42% | 10% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 05 Aug 2020 | 36 | 42% | 48% | 10% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 26 Feb 2020 | 34 | 45% | 48% | 7% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Feb 2020 | 34 | 43% | 50% | 7% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 30 | 50% | 43% | 7% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 42 | 33% | 47% | 20% | 57% |
Company Summary
Grey Advertising Limited is a leading global advertising and marketing agency, with a strong focus on sustainability and social responsibility
The company offers a wide range of services including advertising, branding, digital marketing, and media planning
In terms of sustainability, Grey Advertising Limited has implemented various initiatives to reduce its environmental impact, such as using renewable energy, reducing waste and promoting recycling
The company also supports various charitable causes and partners with organizations dedicated to social and environmental causes
Their key products and services include creative advertising campaigns, brand strategy and development, and digital marketing solutions
They work with a diverse range of clients, from small businesses to multinational corporations, to help them reach their target audience and achieve their marketing goals
The company is led by a team of experienced and innovative individuals, including CEO Michael Houston and Global Chief Creative Officer John Patroulis
They are committed to driving the company's growth and success while maintaining a strong focus on sustainability and social responsibility
Grey Advertising Limited's contact information can be found on their website, which is www.grey.com
Their registered office address is 77 Hatton Garden, London EC1N 8JS, United Kingdom
Overall, Grey Advertising Limited is a highly reputable and socially responsible company that continues to provide top-notch advertising and marketing services while promoting sustainability
Company Review
Trend Analysis
The average time for GREY ADVERTISING LIMITED to pay invoices has been relatively consistent over the past three periods. From 2018 to 2019, there was a slight decrease in the average time to pay, but it increased again in 2020. There was a small decrease in 2021, but it is expected to increase again in 2022 and 2023.
Volatility Analysis
The volatility of the % Invoices paid within 30 days has been relatively consistent, with only a slight increase in 2023. The volatility of the % Invoices paid between 31 and 60 days and % Invoices paid later than 60 days has also been relatively consistent. However, there was a significant decrease in the % Invoices paid later than 60 days in 2023 compared to the previous period.
Summary Analysis
Between 2018 and 2020, there was a slight increase in the average time for GREY ADVERTISING LIMITED to pay invoices, but it decreased in 2021 and is expected to increase again in 2022 and 2023. However, there was a significant decrease in the % Invoices paid later than 60 days in 2023 compared to the previous period. This shows an improvement in the company's 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
We have a dedicated dispute resolution process to ensure that all supplier invoices are processed as efficiently as possible. We provide suppliers with details of the issues that may affect the processing of their invoices and assistance by providing guidance on what is to be provided on their invoices to ensure payment can be made in a timely manner. We have a dedicated AP helpdesk that offers suppliers support through to query resolution and which can be contacted via a dedicated e-mail address or phone number. All invoices that are in query are logged and if unresolved at the time of supplier payment, details of the reasons for payment delay are communicated to the relevant suppliers.
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
