From Jul 2018 to Jun 2021, CMGRP MARKETING SERVICES LIMITED has shown a trend of decreasing average time to pay, with a significant drop from Jan 2018 to Jun 2020. The company has also shown a trend of increasing percentage of invoices paid within 30 days, with a peak of 100% in Jul 2020. However, there has been an increase in the percentage of invoices paid later than 60 days, with a peak of 76% in Dec 2019.
There is high volatility in the data for CMGRP MARKETING SERVICES LIMITED, with large fluctuations in all percentage categories. The average time to pay has ranged from 13 days in Jul 2020 to 99 days in Jan 2020. The percentage of invoices paid within 30 days has ranged from 24% in Dec 2019 to 100% in Jul 2020. The percentage of invoices paid later than 60 days has ranged from 0% in Jul 2020 to 76% in Dec 2019.
From Jan 2018 to Jun 2021, CMGRP MARKETING SERVICES LIMITED has shown a trend of decreasing average time to pay and increasing percentage of invoices paid within 30 days. However, there has been an increase in the percentage of invoices paid later than 60 days, with a peak of 76% in Dec 2019. The best period for the company in terms of early payment was Jul 2020, with 100% of invoices being paid within 30 days. The worst period for the company was Dec 2019, with 76% of invoices being paid later than 60 days.
| 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 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Jul 2020 | 99 | 25% | 0% | 75% | 50% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 75 | 24% | 0% | 76% | 76% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 73 | 35% | 6% | 59% | 59% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Jan 2019 | 34 | 62% | 19% | 19% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Jul 2018 | 66 | 40% | 15% | 44% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard is based on vendor category, ranges from Payable Upon Receipt to Net 52.
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
52
This is handled on a case by case basis, starting with our accounts payable department with escalation to the CFO.
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
CMGRP MARKETING SERVICES LIMITED is a marketing company based in the United Kingdom that offers a range of services to their clients. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes reducing their carbon footprint, promoting recycling and waste reduction, and using sustainable materials in their products and services. They also encourage their employees to participate in volunteer work and support local community projects.
CMGRP MARKETING SERVICES LIMITED offers a variety of products and services, including advertising, branding, digital marketing, market research, and public relations. They work with clients from various industries, including healthcare, technology, and consumer goods.
The company's key people include their CEO, who oversees the overall operations and strategic direction of the company, and their team of experienced marketing professionals who work closely with clients to deliver effective and innovative solutions.
For more information on CMGRP MARKETING SERVICES LIMITED and their services, you can visit their website at www.cmgrp.co.uk. Their registered office address is 25 Canada Square, London, E14 5LQ, United Kingdom.
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