Industry ranking
| 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 2024 - 31 Dec 2024 | 21 Jan 2025 | 28 | 62% | 35% | 3% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 29 | 56% | 41% | 3% | 21% |
| 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 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 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 42 | 33% | 47% | 20% | 57% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
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
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Grey Advertising Limited is a London-registered advertising agency, incorporated in 1954 and previously trading as Grey Limited and Grey London Limited. Its registered activity, per Companies House, is classified as advertising agencies. The company is majority controlled by Grey Communications Group Limited, with the ownership structure also linked historically to WPP-related holding entities, indicating it operates as part of a larger advertising and marketing group rather than as an independent standalone agency. No further detail on specific client work, campaigns or services is available from the evidence, but the SIC classification and corporate history confirm its core business is advertising agency work within a wider communications group.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk