GROUPM UK DIGITAL LIMITED
Company Information
- Company Number
- 01891739
- Registered Address
- Sea Containers, 18 Upper Ground, London, United Kingdom, SE1 9GL
- Status
- Active
- Employee Count
- 171
- Turnover
- £92,984,000
- EBITDA
- £19,431,000
Additional Details
- Website
- https://247realmedia.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 4 March 1985
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Marketing And Sales
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data shows a consistent increase in the average time taken for GROUPM UK DIGITAL LIMITED to pay invoices from 2018 to 2020. In 2018, the average time to pay was 62 days, which increased to 63 days in the second half of the year. In 2019, the average time to pay jumped to 111 days, before decreasing to 103 days in the second half of the year. In 2020, there was a significant decrease in the average time to pay to 79 days.
Volatility Analysis
There is a high level of volatility in the data, with significant changes in the percentage of invoices paid within 30 days and later than 60 days. In 2018, the percentage of invoices paid within 30 days was 7%, which decreased to 4% in 2019 and increased to 13% in the second half of 2019. In 2020, there was a significant increase in the percentage of invoices paid within 30 days to 10%. The percentage of invoices paid later than 60 days also fluctuated, with a high of 70% in the first half of 2019 and a low of 15% in the second half of 2020.
Summary Analysis
From the available data, it can be observed that there has been a consistent increase in the average time taken for GROUPM UK DIGITAL LIMITED to pay invoices. The highest average time to pay was 111 days in the first half of 2019, while the lowest was 62 days in the first half of 2018. The percentage of invoices paid within 30 days has also fluctuated, with a low of 4% in 2019 and a high of 13% in the second half of 2019. The highest percentage of invoices paid later than 60 days was 70% in the first half of 2019, while the lowest was 15% in the second half of 2020. There has been a significant improvement in the percentage of invoices paid within agreed terms in the second half of 2020, with only 7% of invoices being paid later than 60 days.
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 2020 - 31 Dec 2020 | 17 Mar 2021 | 79 | 10% | 75% | 15% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 02 Mar 2020 | 103 | 13% | 26% | 62% | 61% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Aug 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 63 | 12% | 43% | 45% | 57% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 62 | 7% | 66% | 27% | 40% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We pay our media vendors in line with industry standards, dependant on media type, which are between 25 and 60 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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
GROUPM UK DIGITAL LIMITED is a leading digital media and marketing agency based in the UK. They provide a range of services including media planning, buying, and optimization for various digital platforms.
As part of their commitment to sustainability, GROUPM UK DIGITAL LIMITED has implemented various initiatives to reduce their environmental impact. They have a recycling program in place and encourage the use of eco-friendly materials in their office. They also work with clients to develop sustainable marketing strategies that align with their sustainability goals.
The company offers a wide range of products and services, including digital media planning and buying, programmatic advertising, social media management, and data-driven audience targeting. They also provide insights and analytics to help clients make informed decisions about their digital marketing efforts.
Key people at GROUPM UK DIGITAL LIMITED include CEO Richard Smith, Chief Digital Officer Tim Castree, and Chief Operating Officer Angela Steele. With their extensive experience and expertise in the digital marketing industry, they lead a team of talented professionals who deliver innovative solutions for clients.
For more information, interested parties can visit the company's website at http://www.groupm.com/uk-digital/ or contact them at their registered office address: 10 Triton Street, London, NW1 3BF. GROUPM UK DIGITAL LIMITED is committed to providing top-notch digital marketing services while also being environmentally responsible, making them a trusted and sustainable choice for businesses.
