KINETIC WORLDWIDE LIMITED
Company Information
- Company Number
- 01827251
- Registered Address
- The Inspire, Hornbeam Park, Harrogate, HG2 8PA
- Status
- Active
- Employee Count
- 130.0
- Turnover
- 31531000.0
- EBITDA
- 16787000.0
Additional Details
- Website
- https://kineticww.com
- Company Type
- Private limited Company
- Incorporated On
- 25 June 1984
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- Yorkshire and The Humber
Company Location
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 | 01 Feb 2024 | 41 | 51% | 26% | 23% | 49% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Aug 2023 | 43 | 56% | 31% | 13% | 52% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | 44 | 52% | 37% | 11% | 58% |
| 01 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | 76 | 13% | 53% | 34% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 64 | 15% | 59% | 26% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 75 | 12% | 46% | 42% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 76 | 8% | 38% | 54% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 75 | 7% | 42% | 51% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 74 | 14% | 49% | 37% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 77 | 9% | 49% | 42% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 75 | 11% | 48% | 41% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 39% | 47% | 14% | 1% |
Company Summary
KINETIC WORLDWIDE LIMITED is a global advertising and marketing agency that specializes in out-of-home advertising
They offer a wide range of services including strategic planning, media buying, and creative solutions for their clients
The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program includes using eco-friendly materials for their advertising displays, reducing energy consumption in their offices, and promoting sustainable transportation options for their employees
They also partner with organizations that support environmental causes and regularly participate in community clean-up events
KINETIC WORLDWIDE LIMITED offers innovative products and services that utilize the latest technology and data to create impactful campaigns for their clients
Their key people include CEO Marc-Antoine de Roys, who has over 25 years of experience in the advertising industry, and Global Chief Strategy Officer, Jeroen Veth, who leads the company's sustainability efforts
The company's website address is www.kineticww.com and their registered office address is 10 Triton Street, Regents Place, London, NW1 3BF, United Kingdom
KINETIC WORLDWIDE LIMITED is committed to providing sustainable solutions for their clients while also making a positive impact on the environment
Company Review
Trend Analysis
The average time taken for KINETIC WORLDWIDE LIMITED to pay invoices has fluctuated over the past three periods, with an initial increase from 36 days in 2018 to 77 days in 2019, followed by a decrease to 74 days in 2020, and finally an increase to 75 days in 2021. However, there seems to be a significant increase in 2022 with the average time taken jumping to 76 days, followed by a sharp decrease to 44 days in 2023.
Volatility Analysis
The volatility of KINETIC WORLDWIDE LIMITED's payment behavior can be seen through the significant changes in the percentage of invoices paid within 30 days and those paid later than 60 days. In 2018, 39% of invoices were paid within 30 days, but this decreased to 11% in 2019. In 2020, there was a slight improvement with 7% of invoices paid within 30 days, but this increased to 15% in 2021. However, there was a significant decrease in 2022 with only 13% of invoices paid within 30 days, followed by a slight improvement to 15% in 2023. Similarly, the percentage of invoices paid later than 60 days increased from 14% in 2018 to 42% in 2019, then decreased to 37% in 2020, followed by a sharp increase to 51% in 2021. However, there was a significant decrease in 2022 with only 34% of invoices paid later than 60 days, followed by a slight increase to 41% in 2023.
Summary Analysis
Overall, KINETIC WORLDWIDE LIMITED has shown a fluctuating trend in their payment behavior over the past three periods. There was an initial increase in the average time taken to pay invoices, followed by a decrease, and then another increase. However, there was a significant increase in the average time taken in 2022, followed by a sharp decrease in 2023. The percentage of invoices paid within 30 days has also fluctuated, with a decrease in 2019, followed by slight improvements in 2020 and 2021, but a significant decrease in 2022. The percentage of invoices paid later than 60 days has also shown a similar pattern. The shortest (or only) standard payment period for KINETIC WORLDWIDE LIMITED has remained consistent at 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We predominantly act as agent and media vendors are paid when we receive payment from our clients for the activity. Where we do act as principal, we pay our media vendors in line with industry standards, dependant on media type, which are between 30 and 75 days from receipt of a valid invoice following the end of the month of media activity. Where appropriate, vendors are required to also provide supporting documentation confirming media activity has run.
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 defined dispute resolution process to ensure that all supplier invoices are processed as efficiently as possible. Suppliers are provided 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. Our AP helpdesk offers suppliers support through to query resolution and 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