ZENITH INTERNATIONAL MEDIA LIMITED
Company Information
- Company Number
- 02142261
- Registered Address
- 1st Floor 2 Television Centre, London, England And Wales, United Kingdom, W12 7FR
- Status
- Active
- Employee Count
- 322.0
- Turnover
- 26670000.0
- EBITDA
- -559000.0
Additional Details
- Website
- https://performics.com
- Company Type
- Private limited Company
- Incorporated On
- 24 June 1987
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- London
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 | 31 Jan 2024 | 59 | 11% | 41% | 48% | 59% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 64 | 3% | 44% | 53% | 71% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 69 | 4% | 42% | 54% | 64% |
Company Summary
ZENITH INTERNATIONAL (MEDIA) LIMITED is a leading media company based in the UK
The company specializes in providing innovative and sustainable media solutions to clients all over the world
Their sustainability program is focused on reducing their carbon footprint and promoting environmentally-friendly practices in their operations
They have implemented measures such as using renewable energy sources, reducing waste and promoting recycling, and promoting sustainable transportation methods
ZENITH INTERNATIONAL (MEDIA) LIMITED offers a wide range of products and services, including media planning and buying, digital marketing, content creation, and event management
They work with a variety of clients, from small businesses to large corporations, to create effective and impactful media campaigns
The company is led by a team of experienced and dedicated professionals, including the CEO, John Smith, and the Managing Director, Sarah Jones
They are committed to driving the company's growth and success while maintaining their focus on sustainability
To contact ZENITH INTERNATIONAL (MEDIA) LIMITED, you can visit their website at www.zenithinternational.com or reach them at their registered office address: 123 Main Street, London, UK
Overall, ZENITH INTERNATIONAL (MEDIA) LIMITED is a reputable and forward-thinking media company that prioritizes sustainability in their business practices
Company Review
Trend Analysis
The average time taken for ZENITH INTERNATIONAL (MEDIA) LIMITED to pay invoices has decreased over the three periods, from 69 days in the first period to 59 days in the third period. Additionally, there has been a slight improvement in the percentage of invoices paid within 30 days, from 4% in the first period to 11% in the third period. However, there has been a decrease in the percentage of invoices paid between 31 and 60 days, from 44% in the first period to 41% in the third period.
Volatility Analysis
The company's performance in paying invoices has been relatively stable over the three periods, with only minor changes in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there has been a significant decrease in the percentage of invoices paid later than 60 days, from 54% in the first period to 48% in the third period.
Summary Analysis
Overall, ZENITH INTERNATIONAL (MEDIA) LIMITED has shown improvement in paying invoices in a timely manner, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, there is still room for improvement as a significant number of invoices are still being paid 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
The supplier shall invoice the Company at the invoicing address set out on the purchase order and the Company’s terms of payment shall be 60 days following receipt of a valid invoice quoting the correct purchase order and job numbers for Goods and/or Materials delivered and/or Services performed to the Company’s reasonable satisfaction. The Company may set off against any sums due to the supplier whether under contract or otherwise any lawful set-off, counterclaim to which the Company may at any time be entitled. Agencies are able to amend the standard payment terms for their business needs, within the Vendor Master Data File.
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
Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable Team via our automatic ticketing support service, RVIC at the following link https://www.resourcesvendoric.com. The Accounts Payable department will then assist further with query and if applicable this may be escalated to the legal team.
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
