AKQA LIMITED
Company Information
- Company Number
- 02964394
- Registered Address
- 1 St John's Lane, London, EC1M 4BL
- Status
- Active
- Employee Count
- 228
- Turnover
- £45,244,000
- EBITDA
- £4,957,000
Additional Details
- Website
- https://akqa.com/
- Company Type
- Private limited Company
- Incorporated On
- 2 September 1994
- Nature of Business
- 73110 - Advertising agencies
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for AKQA LIMITED to pay invoices to suppliers has been increasing over the past three periods, with the biggest jump occurring between the first and second periods (22 to 42 days). The percentage of invoices paid within 30 days has been decreasing steadily, while the percentage of invoices paid between 31 and 60 days has been increasing. The percentage of invoices paid later than 60 days has also been increasing, reaching its highest point in the fourth period at 24%.
Volatility Analysis
There has been some volatility in AKQA LIMITED's payment patterns over the past three periods. The average time to pay has fluctuated between 22 and 56 days, while the percentage of invoices paid within 30 days has ranged from 36% to 47%. The biggest volatility can be seen in the percentage of invoices paid between 31 and 60 days, which has ranged from 28% to 48%.
Summary Analysis
Overall, AKQA LIMITED has been taking longer to pay invoices to suppliers over the past three periods. This is reflected in the increasing average time to pay and the decreasing percentage of invoices paid within 30 days. The company's payment performance has also become more volatile, particularly in terms of paying invoices within 30-60 days. In the fourth period, there was a slight improvement in the percentage of invoices paid within 30 days, but the percentage of invoices paid later than 60 days reached its highest point. This suggests that AKQA LIMITED has been struggling to make timely payments to suppliers, and there is room for improvement in their payment practices.
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 2019 - 31 Dec 2019 | 05 Mar 2020 | 56 | 43% | 33% | 24% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Feb 2020 | 48 | 47% | 28% | 24% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 42 | 36% | 48% | 16% | 61% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 22 | 74% | 14% | 12% | 23% |
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
Our standard payment terms are 30 days based on receipt of a valid 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
60
Dispute Resolution Process
We have a dispute resolution process to ensure that all supplier invoices are processed as efficiently as possible. We provide assistance by providing guidance on what is to be provided on supplier invoices to ensure payment can be made in a timely manner. We have a dedicated AP email inbox which supports suppliers in case of queries
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.
❌
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
AKQA LIMITED is a global digital agency that specializes in creating innovative and impactful experiences for brands and businesses. Founded in 1994, the company has become a leader in its industry, with offices in major cities around the world.
The company's sustainability program is a key focus for AKQA LIMITED, as they strive to minimize their environmental impact and create a more sustainable future. They have implemented various initiatives, such as reducing their carbon footprint, promoting responsible supply chain management, and supporting charitable causes.
AKQA LIMITED offers a wide range of digital products and services to their clients, including website and app development, social media strategy, digital marketing, and e-commerce solutions. They work with major brands across industries, such as Nike, Google, and Netflix, to help them reach and engage their target audiences.
The company is led by a team of experienced and talented individuals, with Ajaz Ahmed serving as the CEO. Their team of experts brings a wealth of knowledge and creativity to every project, ensuring that their clients receive the best possible results.
For those interested in learning more about AKQA LIMITED and their services, they can visit the company's website at www.akqa.com. Their registered office address is located at 2, Soho Square, London W1D 3PX, United Kingdom.
In summary, AKQA LIMITED is a top digital agency that is committed to sustainability and providing cutting-edge products and services to their clients. With a highly skilled team and a global presence, they continue to make a significant impact in the world of digital marketing.
