HAVAS MEDIA LIMITED
Company Information
- Company Number
- 02103123
- Registered Address
- Havas House Hermitage Court, Hermitage Lane, Maidstone, England, ME16 9NT
- Status
- Active
- Employee Count
- 573.0
- Turnover
- 420434000.0
- EBITDA
- 2868000.0
Additional Details
- Website
- https://havasmedia.com/
- Company Type
- Private limited Company
- Incorporated On
- 24 February 1987
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- South East
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 | 01 Feb 2024 | 46 | 35% | 41% | 24% | 41% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Aug 2023 | 45 | 29% | 44% | 27% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 46 | 32% | 44% | 24% | 55% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 45 | 38% | 37% | 25% | 34% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Mar 2022 | 55 | 27% | 34% | 39% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 57 | 29% | 29% | 42% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 86 | 24% | 28% | 48% | 31% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 79 | 24% | 24% | 52% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 67 | 21% | 31% | 48% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 75 | 20% | 25% | 54% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 80 | 16% | 32% | 52% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 79 | 20% | 31% | 49% | 26% |
Company Summary
HAVAS MEDIA LIMITED is a leading global marketing and communications company, providing a wide range of services to help businesses connect with their target audience and drive growth
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program focuses on three main areas: reducing carbon emissions, managing waste, and promoting responsible sourcing
They have set ambitious targets to reduce their carbon footprint and have implemented measures such as using renewable energy sources and promoting eco-friendly practices in their offices
In terms of products and services, HAVAS MEDIA LIMITED offers a comprehensive suite of marketing and media solutions, including media planning and buying, digital marketing, and creative services
They have a strong global presence with offices in over 100 countries, providing their clients with a wide reach and diverse expertise
The company is led by key people such as Yannick Bolloré, the Chairman and CEO of HAVAS GROUP, and Peter Mears, the Global CEO of HAVAS MEDIA
They have a team of experienced professionals who are dedicated to driving results for their clients
For contact information, their website address is www.havasmedia.com and their registered office address is at 200 Gray's Inn Road, London, WC1X 8XZ, United Kingdom
HAVAS MEDIA LIMITED continues to be a leader in the marketing and communications industry, delivering innovative solutions while prioritizing sustainability for a better future
Company Review
Trend Analysis
The average time taken for HAVAS MEDIA LIMITED to pay invoices has fluctuated over the past three periods. It decreased from 79 days in 2018 to 67 days in 2019, then increased to 86 days in 2020, before decreasing again to 55 days in 2021. However, it then increased to 46 days in 2022 and has remained relatively stable since then.
Volatility Analysis
The volatility of HAVAS MEDIA LIMITED's payment patterns can be seen in the changing percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. In 2018, 20% of invoices were paid within 30 days, 31% were paid between 31 and 60 days, and 49% were paid later than 60 days. This improved slightly in 2019, with 20% of invoices paid within 30 days, 25% paid between 31 and 60 days, and 54% paid later than 60 days. However, in 2020, there was a significant increase in the percentage of invoices paid later than 60 days (52%), while the percentage of invoices paid within 30 days decreased to 24%. This trend continued in 2021, with 29% of invoices paid within 30 days and 42% paid later than 60 days. In 2022, there was a slight improvement, with 38% of invoices paid within 30 days and 25% paid later than 60 days. However, in 2023, there was a decrease in the percentage of invoices paid within 30 days (29%) and an increase in the percentage of invoices paid later than 60 days (27%).
Summary Analysis
From 2018 to 2023, there have been fluctuations in HAVAS MEDIA LIMITED's payment patterns. The average time taken to pay invoices has decreased, then increased, and finally decreased again. However, the volatility of their payment patterns has been more notable, with significant changes in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Havas Media's standard payment terms are the same for both goods and services, 30 days from the date of invoice.
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
90
Dispute Resolution Process
All disputes are initially dealt with by Accounts Payable. Each supplier has an assigned person who can contact the relevant purchasing division to resolve any queries that may arise Following resolution the supplier will be paid on next available payment run if past due or as per their standard payment terms.
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
