COMMUNISIS PLC
Company Information
- Company Number
- 02916113
- Registered Address
- C/O Interpath Limited 4th Floor, Tailors Corner, Thirsk Row, Leeds, LS1 4DP
- Status
- In Administration
- Employee Count
- 58
- Turnover
- Coming Soon
- EBITDA
- -£6,465,000
Additional Details
- Website
- https://www.communisis.com/
- Company Type
- Private limited Company
- Incorporated On
- 6 April 1994
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Manufacturing, Marketing And Sales
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for average time to pay invoices for COMMUNISIS PLC has been increasing over the past three periods, with an average of 73 days in the first period, 78 days in the second period, and 82 days in the third period.
Volatility Analysis
There has been a small amount of volatility in the percentage of invoices paid within 30 days, with a decrease from 15% to 14% to 13% over the past three periods. The percentage of invoices paid between 31 and 60 days has remained relatively consistent at 27% in the first period, 26% in the second period, and 25% in the third period. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 58% in the first period to 60% in the second period to 62% in the third period. The percentage of invoices not paid within agreed terms has also seen a slight increase from 61% in the first period to 59% in the second period to 58% in the third period. The shortest standard payment period has remained consistent at 30 days throughout all three periods.
Summary Analysis
In summary, the average time taken for COMMUNISIS PLC to pay invoices has been consistently increasing over the past three periods, with the most recent period having the longest average time of 82 days. The percentage of invoices paid within 30 days has slightly decreased, while the percentage of invoices paid later than 60 days has significantly increased. The percentage of invoices not paid within agreed terms has also seen a slight increase. The shortest standard payment period has remained consistent at 30 days throughout all three periods.
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 2018 - 30 Jun 2018 | 01 Aug 2018 | 73 | 15% | 27% | 58% | 61% |
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
Communisis Plc, as standard, pays all its suppliers and distributors no later than the last day of the month following the month in which the relevant undisputed invoice is received by Communisis Plc i.e. between 31 and 61 days from receipt. Variations to these standard payment terms are applied when negotiated and agreed by both parties.
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
120
Dispute Resolution Process
If at any time a query, dispute or difference arises between Communisis Plc and its supplier, typically under supply agreements the parties are expected to escalate the dispute to senior representatives of the parties who will use reasonable endeavours to resolve the dispute in good faith and within an acceptable time period. For Communisis Plc, the senior representative would commonly be the relevant Category Manager, with further escalation points being the Head of / Director of the relevant functional area.
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
Communisis PLC is a leading provider of integrated marketing and communication services, with a strong focus on sustainability. The company offers a wide range of products and services, including marketing and advertising, customer communications, data management, and production and fulfilment services.
One of the key activities of Communisis PLC is its sustainability program, which is centered around reducing its environmental impact and promoting responsible business practices. The company has set ambitious targets to reduce its carbon emissions and waste generation, and has implemented various initiatives to achieve these goals. These include switching to renewable energy sources, using eco-friendly materials, and promoting recycling and waste reduction among its employees and clients.
The company's portfolio of products and services also reflects its commitment to sustainability. Communisis offers digital solutions that help businesses reduce their paper and printing usage, while still delivering effective and engaging communications to their customers. The company also offers sustainable packaging options, such as biodegradable and recyclable materials, to its clients.
At the helm of Communisis PLC is CEO and Executive Chairman, Andy Blundell, who has a wealth of experience in the marketing and communications industry. He is supported by a team of experienced executives and directors, who are all dedicated to driving the company's growth and sustainability agenda.
For more information on Communisis PLC and its services, you can visit their website at www.communisis.com. The company's registered office address is 3rd Floor, 22 Tudor Street, London, EC4Y 0AY.
