IG DESIGN GROUP UK LIMITED
Company Information
- Company Number
- 02265899
- Registered Address
- Howard House Howard Way, Interchange Park, Newport Pagnell, England, MK16 9PX
- Status
- Active
- Employee Count
- 342
- Turnover
- £93,169,000
- EBITDA
- £6,470,000
Additional Details
- Website
- https://econature.uk/
- Company Type
- Private limited Company
- Incorporated On
- 8 June 1988
- Nature of Business
- 17290 - Manufacture of other articles of paper and paperboard not elsewhere classified
- Industries
- Manufacturing
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
IG DESIGN GROUP UK LIMITED exhibits a clear trend of extended payment cycles, with an average payment time of 54 days and only 11% of invoices settled within 30 days. A substantial 88% of payments consistently extend beyond 30 days, indicating a trajectory towards significantly longer payment periods for suppliers.
Volatility Analysis
The high 84% late payment rate signifies significant unpredictability and low reliability in meeting standard payment deadlines, making cash flow forecasting challenging. The distribution, with a considerable 33% of payments exceeding 60 days, introduces substantial risk of prolonged cash flow delays for suppliers.
Summary Analysis
Suppliers should anticipate significantly extended payment terms and a high likelihood of payments arriving well beyond standard 30-day periods when dealing with this company. It is advisable to negotiate adjusted payment terms, such as shorter net periods or upfront payments, and carefully factor potential cash flow strain into pricing and operational planning.
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 Apr 2024 - 30 Sept 2024 | 22 Oct 2024 | 53 | 13% | 50% | 37% | 80% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 54 | 11% | 55% | 33% | 84% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 61 | 9% | 43% | 48% | 88% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 59 | 12% | 46% | 42% | 86% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 62 | 11% | 39% | 50% | 86% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 64 | 7% | 39% | 54% | 90% |
| 01 Apr 2021 - 30 Sept 2021 | 18 Oct 2021 | 48 | 13% | 47% | 40% | 82% |
| 01 Oct 2020 - 31 Mar 2021 | 12 Apr 2021 | 55 | 10% | 40% | 50% | 88% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 53 | 8% | 42% | 50% | 88% |
| 01 Oct 2019 - 31 Mar 2020 | 01 May 2020 | 43 | 14% | 41% | 45% | 83% |
| 01 Apr 2019 - 30 Sept 2019 | 13 Jan 2020 | 45 | 17% | 43% | 40% | 76% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 50 | 13% | 53% | 33% | 84% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 55 | 14% | 45% | 41% | 82% |
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
60 days end of month
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
Any complaint or concern will be considered by Finance and resolved within a reasonable timeframe.
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.
❌
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.
❌
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.
❌
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
IG DESIGN GROUP UK LIMITED is an active private limited company operating within the design sector. Its name indicates a specialisation in design, functioning as a UK-based entity.
Incorporated on 8 June 1988, IG DESIGN GROUP UK LIMITED is registered in England under company number 02265899. Its registered office is located at Howard House Howard Way, Interchange Park, Newport Pagnell, England, MK16 9PX, situating its operations within the South East of England.
A company with "Design Group" in its name typically specialises in a wide array of creative services within the UK market. These commonly include graphic design, product design, web development, branding, and other visual communication disciplines. Such organisations provide solutions aimed at enhancing aesthetics, functionality, and market appeal for their clients across various sectors.
