INSPIRED THINKING GROUP (ITG) LIMITED

PaymentCheck Score 2021
44Poor
1.9vs last year
#4754 in UK
#134 in Professional Services
#295 in West Midlands

Company Information

Company Number
02967284
Registered Address
Unit 315 Fort Dunlop Fort Parkway, Birmingham, West Midlands, B24 9FD
Status
Active
Employee Count
1,172
Turnover
£165,154,000
EBITDA
£6,498,000

Additional Details

Company Type
Private limited Company
Incorporated On
13 September 1994
Nature of Business
62020 - Information technology consultancy activities
63120 - Web portals
74909 - Other professional, scientific and technical activities not elsewhere classified
90030 - Artistic creation
Industries
Professional Services,Software
Region
West Midlands

Time to Pay

Average Time to Pay
51 days
Shortest Period:15 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
29%
31-60 Days
27%
After 60 Days
44%
Not Paid Within Terms41%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-01-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Mar 2021 - 31 Aug 202124 Jan 20224933%24%43%43%
01 Sept 2020 - 31 Mar 202124 Jan 20225424%23%53%54%
01 Mar 2020 - 31 Aug 202024 Jan 20225129%27%44%41%

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

Paid on the next payment run following the date on which invoices fall due

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

We endeavour to resolve all queries between our Accounts Payable team and suppliers as quickly as practically possible. Should further resolution be required, the issue will be escalated to the Procurement Director or a senior member of the Finance team where appropriate.

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

INSPIRED THINKING GROUP (ITG) LIMITED is a UK-based company that offers a variety of marketing and technology services to help businesses grow and succeed. The company was founded in 2009 and has since become a leading provider of innovative solutions for its clients.

ITG offers a range of services, including marketing strategy, creative design, digital asset management, and campaign execution. They work with some of the biggest brands in the world, providing them with customized solutions to meet their specific needs. Their services are designed to help businesses save time, reduce costs, and improve efficiency.

The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources, promoting recycling and waste reduction, and encouraging employees to adopt sustainable practices in their daily work. They also work with their clients to help them improve their sustainability efforts.

One of the key people at ITG is CEO Simon Ward. He has over 25 years of experience in the marketing and technology industries and has led ITG to become a successful and sustainable company. The company's website, www.itg.co.uk, provides information about their services, sustainability efforts, and team members.

The registered office address for ITG is 5 Jupiter House, Calleva Park, Aldermaston, Berkshire, RG7 8NN, United Kingdom. The company can also be contacted via email at info@itg.co.uk or by phone at +44 (0) 118 983 8100.

In summary, INSPIRED THINKING GROUP (ITG) LIMITED is a dynamic and socially responsible company that offers innovative marketing and technology services. With a focus on sustainability and a team of experienced professionals, they continue to provide top-quality solutions to help businesses thrive.

Financial Metrics

Cash
£11,946,000
Net Worth
£17,939,000
Total Current Assets
£56,144,000
Total Current Liabilities
£43,603,000

Company Location