PG MEDIA SERVICES LIMITED
Company Information
- Company Number
- 00926566
- Registered Address
- 1st Floor 2 Television Centre, 101 Wood Lane, London, England And Wales, United Kingdom, W12 7FR
- Status
- Active
- Employee Count
- 856.0
- Turnover
- 97844000.0
- EBITDA
- 12442000.0
Additional Details
- Website
- https://arcww.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 30 January 1968
- 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 | 39 | 48% | 33% | 19% | 41% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Sept 2023 | 36 | 54% | 28% | 18% | 29% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 62 | 51% | 32% | 17% | 58% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 46 | 70% | 17% | 13% | 63% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 48 | 56% | 30% | 13% | 58% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Jul 2021 | 57 | 66% | 21% | 13% | 51% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Jan 2021 | 77 | 56% | 22% | 23% | 64% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 63 | 37% | 40% | 23% | 74% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 74 | 40% | 41% | 19% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 63 | 37% | 44% | 19% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 58 | 57% | 21% | 21% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 36 | 58% | 31% | 11% | 52% |
Company Summary
PG MEDIA SERVICES LIMITED is a media production company based in the United Kingdom
Founded in 2005, the company offers a range of services such as video production, photography, and graphic design
The company is committed to sustainability and has implemented various measures to reduce its environmental impact
This includes using green energy sources for their production process, using eco-friendly materials for packaging, and promoting recycling among their employees
The company's main products and services include corporate videos, promotional videos, event coverage, and photography for businesses and organizations
They also offer graphic design services for branding and marketing purposes
The key people at PG MEDIA SERVICES LIMITED include the company's founder and managing director, Peter Green, who has over 15 years of experience in the media industry
The company also has a team of talented and creative professionals who work together to deliver high-quality services to their clients
To learn more about PG MEDIA SERVICES LIMITED and their services, interested individuals can visit their website at www.pgmediaservices.co.uk
The company's registered office address is located at 10-12 Mulberry Street, Manchester, M2 6LN, United Kingdom
Company Review
Trend Analysis
The average time taken for PG MEDIA SERVICES LIMITED to pay invoices has fluctuated over the past three periods, starting at 36 days in the first period and increasing to 74 days in the third period before decreasing again to 39 days in the current period.
Volatility Analysis
The volatility of the company's invoice payment time has been high, with a difference of 38 days between the shortest and longest period.
Summary Analysis
From Jan 2018 to Jun 2023, PG MEDIA SERVICES LIMITED has shown a slight increase in the average time taken to pay invoices, with a peak of 77 days in Jul 2020 and a low of 36 days in Jan 2023. The percentage of invoices paid within 30 days has fluctuated between 37% and 70%, with the highest percentage in Jul 2022 and the lowest in Jan 2022. The percentage of invoices paid between 31 and 60 days has ranged from 17% to 44%, with the highest percentage in Jan 2019 and the lowest in Jul 2022. The percentage of invoices paid later than 60 days has been consistently high, ranging from 11% to 23%, with the highest percentage in Jan 2020 and the lowest in Jan 2021.
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
59
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
