The data shows that DENTSU UK LIMITED has consistently maintained an average time to pay of around 60 days from 2018-2021. However, there was a slight decrease in the average time to pay in 2019 (58 days) and 2021 (60 days) compared to 2020 (62 days). This suggests that the company may have improved their payment processes in these periods.
The data for DENTSU UK LIMITED shows low volatility in their average time to pay, with only a 2-day difference between the highest (62 days) and lowest (60 days) average time to pay. This suggests that the company has a consistent payment process in place.
| 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 2021 - 31 Dec 2021 | 17 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 02 Jul 2021 | 60 | 43% | 37% | 20% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 62 | 42% | 38% | 20% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 60 | 40% | 40% | 20% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Jan 2020 | 62 | 42% | 38% | 20% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 58 | 44% | 41% | 15% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jan 2019 | 30 | 48% | 32% | 20% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 62 | 42% | 38% | 20% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We are a media agency and our payment terms are end of month following the month of activity not the invoice date. TV suppliers are paid on the 25th of each month for the previous months airtime
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Invoice queries are raised with our buyers within the 2nd week of the month as per our reconciliation process and the supplier is notified. These should be resolved in time for the month end payment run unless a credit is due from the vendor or further investigation is necessary and more information is required.
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
DENTSU UK LIMITED is a leading marketing and communications company based in the United Kingdom. The company offers a wide range of services including advertising, media planning, digital marketing, and data-driven solutions. With a strong focus on sustainability, DENTSU UK LIMITED is committed to creating a positive impact on the environment and society through its operations.
One of the key initiatives of DENTSU UK LIMITED's sustainability program is to reduce its carbon footprint. The company has set ambitious targets to achieve carbon neutrality by 2020 and has implemented various measures to achieve this goal, such as using renewable energy sources, promoting eco-friendly transportation, and reducing waste.
In addition to its sustainability efforts, DENTSU UK LIMITED also offers innovative products and services to its clients. These include data and analytics solutions, creative advertising campaigns, and digital marketing strategies. The company has a team of experienced and talented professionals who work with clients to develop effective and impactful marketing strategies.
Some of the key people at DENTSU UK LIMITED include Tim Andree, the Executive Chairman, and Luke Taylor, the Chief Executive Officer. The company has over 5,000 employees across its various offices in the UK, including London, Manchester, and Edinburgh.
For more information about DENTSU UK LIMITED and its services, you can visit their website at www.dentsu.com/uk. The company's registered office address is 10 Triton Street, Regent's Place, London, NW1 3BF.