MAXUS COMMUNICATIONS UK LIMITED
Company Information
- Company Number
- 02671949
- Registered Address
- Sea Containers, 18 Upper Ground, London, England, SE1 9ET
- Status
- Active
- Employee Count
- 0
- Turnover
- £303,000
- EBITDA
- £239,000
Additional Details
- Website
- https://maxusglobal.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 11 December 1991
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Marketing And Sales
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for MAXUS COMMUNICATIONS (UK) LIMITED shows a concerning trend of increasing time taken to pay invoices to suppliers. In the first period (Jan 2018 to Jun 2018), the average time to pay was 56 days, with 36% of invoices being paid later than 60 days. This increased to an average time of 51 days in the second period (Jul 2018 to Dec 2018), with 33% of invoices being paid later than 60 days. However, in the most recent period (Jan 2022 to Jun 2022), the average time to pay has skyrocketed to 1120 days, with 100% of invoices being paid later than 60 days. This is a worrying trend that needs to be addressed by the company.
Volatility Analysis
The data for MAXUS COMMUNICATIONS (UK) LIMITED shows a high level of volatility in their payment patterns. In the first two periods, there was a significant increase in the percentage of invoices paid between 31 and 60 days, from 25% to 38%. However, in the most recent period, this percentage has dropped back down to 0%, while the percentage of invoices paid later than 60 days has increased dramatically from 33% to 100%. This highlights a lack of consistency in the company's payment practices, which could be causing issues for their suppliers.
Summary Analysis
In the first two periods, MAXUS COMMUNICATIONS (UK) LIMITED showed some improvement in their payment practices, with a slight decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, in the most recent period, there has been a drastic decline, with the average time to pay increasing to 1120 days and no invoices being paid within 30 days. The company needs to address this trend and take steps to improve their payment practices to ensure timely payments to their suppliers.
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 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 1120 | 0% | 0% | 100% | 100% |
| 01 Jul 2018 - 31 Dec 2018 | 13 Feb 2019 | 51 | 29% | 38% | 33% | 39% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 56 | 39% | 25% | 36% | 46% |
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.
❌
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
MAXUS COMMUNICATIONS (UK) LIMITED is a leading marketing and communications agency based in the United Kingdom. They offer a wide range of services including media planning, digital marketing, and creative solutions. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes using renewable energy sources, reducing carbon emissions, and promoting eco-friendly practices among their employees and clients. They also work with suppliers who have sustainable practices and regularly review their own operations to identify areas for improvement.
In terms of products and services, MAXUS COMMUNICATIONS offers a comprehensive range of advertising and marketing solutions for their clients. They have a team of experienced professionals who work closely with clients to develop effective strategies that drive business growth. The company also invests in the latest technology and data analytics to provide targeted and measurable results.
The key people at MAXUS COMMUNICATIONS include the Managing Director, who oversees the day-to-day operations of the company, and the Senior Leadership Team, who bring a wealth of experience and expertise to the table. The company also has a dedicated team of account managers, creative professionals, and media planners who work together to deliver successful campaigns for their clients.
For more information about MAXUS COMMUNICATIONS and their services, you can visit their website at www.maxuscommunications.co.uk. Their registered office address is 1 New Oxford Street, London, WC1A 1NU, United Kingdom.
